Bancolombia S.A. (NYSE:CIB) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in Bancolombia S.A. (NYSE:CIB - Free Report) by 30.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,927 shares of the bank's stock after buying an additional 21,249 shares during the quarter. Thrivent Financial for Lutherans' holdings in Bancolombia were worth $2,897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Lindbrook Capital LLC increased its holdings in Bancolombia by 74.7% during the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock valued at $31,000 after buying an additional 414 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Bancolombia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock valued at $72,000 after acquiring an additional 657 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Bancolombia during the 4th quarter worth $89,000. R Squared Ltd purchased a new position in Bancolombia in the fourth quarter valued at about $121,000. Finally, V Square Quantitative Management LLC lifted its position in shares of Bancolombia by 126.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank's stock valued at $169,000 after buying an additional 2,949 shares during the last quarter.

Bancolombia Stock Performance

Shares of NYSE:CIB traded up $0.01 during midday trading on Friday, reaching $43.77. The company's stock had a trading volume of 562,220 shares, compared to its average volume of 292,531. The firm has a market capitalization of $10.52 billion, a PE ratio of 6.95, a P/E/G ratio of 2.47 and a beta of 1.22. The stock has a fifty day moving average of $40.66 and a 200 day moving average of $35.19. Bancolombia S.A. has a twelve month low of $30.25 and a twelve month high of $44.93. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60.

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

Bancolombia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a $3.8119 dividend. This represents a $15.25 annualized dividend and a yield of 34.84%. The ex-dividend date is Monday, March 31st. This is a positive change from Bancolombia's previous quarterly dividend of $0.80. Bancolombia's dividend payout ratio is currently 241.90%.

Wall Street Analysts Forecast Growth

CIB has been the subject of a number of analyst reports. Morgan Stanley raised shares of Bancolombia from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $40.00 to $53.00 in a research report on Tuesday, January 28th. The Goldman Sachs Group raised their price objective on Bancolombia from $31.00 to $35.00 and gave the stock 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.