Bancolombia S.A. (NYSE:CIB) Shares Sold by Stokes Family Office LLC

Stokes Family Office LLC trimmed its position in Bancolombia S.A. (NYSE:CIB) by 1.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,410 shares of the bank’s stock after selling 480 shares during the period. Stokes Family Office LLC’s holdings in Bancolombia were worth $870,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in shares of Bancolombia by 164.9% in the 4th quarter. Parallel Advisors LLC now owns 2,069 shares of the bank’s stock valued at $64,000 after acquiring an additional 1,288 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Bancolombia during the fourth quarter worth $117,000. Barometer Capital Management Inc. bought a new position in shares of Bancolombia in the 4th quarter worth about $123,000. Signaturefd LLC boosted its holdings in shares of Bancolombia by 26.1% in the 4th quarter. Signaturefd LLC now owns 4,425 shares of the bank’s stock valued at $136,000 after buying an additional 916 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Bancolombia by 107.9% in the 4th quarter. Quadrant Capital Group LLC now owns 6,313 shares of the bank’s stock valued at $194,000 after buying an additional 3,277 shares during the period.

Bancolombia Stock Performance

CIB stock traded up $0.34 on Friday, reaching $34.51. The company’s stock had a trading volume of 144,736 shares, compared to its average volume of 284,052. The firm has a fifty day moving average of $34.29 and a two-hundred day moving average of $33.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.04. Bancolombia S.A. has a 52 week low of $24.15 and a 52 week high of $37.85.

Bancolombia (NYSE:CIB) last issued its quarterly earnings data on Thursday, May 9th. The bank reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.33. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Bancolombia had a net margin of 13.64% and a return on equity of 17.33%. During the same period in the previous year, the business earned $1.54 earnings per share. Analysts anticipate that Bancolombia S.A. will post 5.98 earnings per share for the current fiscal year.

Bancolombia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 27th will be paid a dividend of $0.898 per share. This represents a $3.59 dividend on an annualized basis and a dividend yield of 10.41%. The ex-dividend date is Thursday, June 27th. This is a positive change from Bancolombia’s previous quarterly dividend of $0.81. Bancolombia’s dividend payout ratio (DPR) is currently 53.77%.

Analyst Ratings Changes

A number of brokerages have issued reports on CIB. JPMorgan Chase & Co. raised their target price on shares of Bancolombia from $35.00 to $36.00 and gave the stock an “underweight” rating in a report on Wednesday. Bank of America began coverage on Bancolombia in a report on Thursday, May 2nd. They issued a “neutral” rating and a $38.00 price target on the stock. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.32.

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.