Raiffeisen Bank International AG Invests $304,000 in Bancolombia S.A. (NYSE:CIB)

Raiffeisen Bank International AG bought a new stake in Bancolombia S.A. (NYSE:CIB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,600 shares of the bank’s stock, valued at approximately $304,000.

Other hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC boosted its position in shares of Bancolombia by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 968 shares of the bank’s stock valued at $31,000 after purchasing an additional 414 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Bancolombia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank’s stock worth $72,000 after buying an additional 657 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Bancolombia in the fourth quarter valued at approximately $89,000. R Squared Ltd purchased a new stake in Bancolombia in the 4th quarter valued at $121,000. Finally, V Square Quantitative Management LLC boosted its stake in Bancolombia by 126.1% during 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 during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CIB shares. The Goldman Sachs Group upped their target price on shares of Bancolombia from $31.00 to $35.00 and gave the company a “sell” rating in a report on Monday, February 24th. Morgan Stanley upgraded shares of 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.

Bancolombia Trading Down 1.6%

NYSE:CIB opened at $41.53 on Friday. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 2.47 and a beta of 0.91. Bancolombia S.A. has a 1 year low of $30.25 and a 1 year high of $44.93. The stock has a fifty day moving average price of $40.95 and a two-hundred day moving average price of $37.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.05.

Bancolombia (NYSE:CIB) last posted its earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.41 billion. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. As a group, sell-side analysts anticipate that Bancolombia S.A. will post 6 earnings per share for the current fiscal year.

Bancolombia Increases Dividend

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

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.