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

Bancolombia S.A. (NYSE:CIB) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 760,300 shares, a growth of 27.6% from the April 30th total of 595,700 shares. Based on an average daily trading volume, of 427,800 shares, the short-interest ratio is presently 1.8 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in Bancolombia by 74.7% during the 4th quarter. Lindbrook Capital LLC now owns 968 shares of the bank’s stock valued at $31,000 after buying an additional 414 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Bancolombia in the 1st quarter worth $45,000. 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 worth $72,000 after purchasing an additional 657 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Bancolombia in the 4th quarter worth $89,000. Finally, V Square Quantitative Management LLC increased its holdings in shares of Bancolombia by 126.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank’s stock worth $169,000 after purchasing an additional 2,949 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on CIB. UBS Group upped their price target on Bancolombia from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday. The Goldman Sachs Group boosted their price objective on Bancolombia from $31.00 to $35.00 and gave the company a “sell” rating in a research note on Monday, February 24th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.00.

Bancolombia Trading Up 4.8%

NYSE CIB opened at $43.42 on Tuesday. Bancolombia has a fifty-two week low of $30.25 and a fifty-two week high of $44.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.05. The stock has a 50 day simple moving average of $40.69 and a two-hundred day simple moving average of $38.06. The stock has a market cap of $10.44 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91.

Bancolombia Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 9th. Shareholders of record on Tuesday, April 29th were issued a $0.5745 dividend. The ex-dividend date was Monday, April 28th. This represents a yield of 17.13%. This is a boost from Bancolombia’s previous dividend of $0.30. Bancolombia’s dividend payout ratio (DPR) is 104.81%.

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.