Bancolombia S.A. (NYSE:CIB) Short Interest Update

Bancolombia S.A. (NYSE:CIB - Get Free Report) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 184,600 shares, a decrease of 57.0% from the March 15th total of 429,500 shares. Based on an average daily trading volume, of 466,200 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company's shares are sold short.

Institutional Trading of Bancolombia

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Bancolombia by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 3,099,224 shares of the bank's stock valued at $97,657,000 after acquiring an additional 19,499 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Bancolombia by 12.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 928,679 shares of the bank's stock worth $29,263,000 after purchasing an additional 102,015 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Bancolombia in the 4th quarter worth approximately $24,801,000. JPMorgan Chase & Co. raised its position in Bancolombia by 40.0% during the 4th quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock worth $15,260,000 after buying an additional 138,461 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Bancolombia by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 365,603 shares of the bank's stock valued at $11,523,000 after acquiring an additional 14,293 shares during the period.

Bancolombia Price Performance

Shares of CIB stock traded down $0.12 on Friday, reaching $39.54. The company's stock had a trading volume of 196,979 shares, compared to its average volume of 308,938. Bancolombia has a 1 year low of $30.25 and a 1 year high of $44.93. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The stock's fifty day simple moving average is $41.16 and its 200-day simple moving average is $35.89. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of 2.47 and a beta of 0.85.

Bancolombia (NYSE:CIB - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.22. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.41 billion. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. Analysts forecast that Bancolombia will post 6 earnings per share for the current fiscal year.

Bancolombia Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 9th. Shareholders of record on Tuesday, April 29th will be given a dividend of $0.5745 per share. This represents a dividend yield of 17.13%. This is a positive change from Bancolombia's previous dividend of $0.30. The ex-dividend date of this dividend is Monday, April 28th. Bancolombia's dividend payout ratio is presently 235.56%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley raised Bancolombia from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $40.00 to $53.00 in a research report on Tuesday, January 28th. The Goldman Sachs Group lifted their price target on Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a research report on Monday, February 24th.

About Bancolombia

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.