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

Bancolombia S.A. (NYSE:CIB) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 175,700 shares, a growth of 8.7% from the October 15th total of 161,600 shares. Based on an average daily volume of 250,900 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Bancolombia

Several large investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new position in shares of Bancolombia in the second quarter valued at $506,000. Capital Wealth Planning LLC boosted its stake in shares of Bancolombia by 35.9% in the second quarter. Capital Wealth Planning LLC now owns 82,611 shares of the bank’s stock valued at $2,697,000 after purchasing an additional 21,841 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Bancolombia by 117.2% in the second quarter. Renaissance Technologies LLC now owns 139,200 shares of the bank’s stock valued at $4,545,000 after purchasing an additional 75,100 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Bancolombia by 45.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,412,322 shares of the bank’s stock valued at $46,112,000 after purchasing an additional 440,026 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Bancolombia by 671.2% in the second quarter. Thrivent Financial for Lutherans now owns 62,201 shares of the bank’s stock valued at $2,031,000 after purchasing an additional 54,136 shares during the period.

Bancolombia Stock Performance

Shares of Bancolombia stock traded up $0.30 during trading hours on Friday, hitting $31.78. The company’s stock had a trading volume of 303,659 shares, compared to its average volume of 233,611. Bancolombia has a 1-year low of $26.72 and a 1-year high of $37.85. The business has a fifty day moving average of $31.91 and a 200 day moving average of $33.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00.

Bancolombia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.8456 dividend. This represents a $3.38 annualized dividend and a dividend yield of 10.64%. The ex-dividend date of this dividend was Friday, September 27th. Bancolombia’s payout ratio is currently 52.61%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. The Goldman Sachs Group lowered shares of Bancolombia from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $34.00 to $32.00 in a research report on Tuesday, August 20th. Bank of America lowered shares of Bancolombia from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $38.00 to $34.00 in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Bancolombia from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Monday, August 12th.

Bancolombia Company Profile

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.