BanColombia (NYSE:CIB) Reaches New 52-Week High - What's Next?

BanColombia S.A. (NYSE:CIB - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $46.28 and last traded at $46.42, with a volume of 49003 shares changing hands. The stock had previously closed at $45.09.

Wall Street Analyst Weigh In

Separately, UBS Group reaffirmed a "neutral" rating and issued a $38.00 target price (up previously from $35.00) on shares of BanColombia in a report on Monday, June 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.00.

BanColombia Trading Up 2.5%

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $11.11 billion, a P/E ratio of 7.41, a P/E/G ratio of 1.01 and a beta of 0.91. The business's fifty day simple moving average is $42.25 and its two-hundred day simple moving average is $39.54.

BanColombia Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th were issued a dividend of $0.5745 per share. This represents a dividend yield of 17.13%. The ex-dividend date was Monday, April 28th. This is a positive change from BanColombia's previous dividend of $0.30. BanColombia's dividend payout ratio (DPR) is presently 91.19%.

Institutional Trading of BanColombia

A number of institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in BanColombia by 62.3% in the first quarter. Goldman Sachs Group Inc. now owns 142,018 shares of the bank's stock worth $5,709,000 after purchasing an additional 54,497 shares during the period. Millennium Management LLC raised its stake in shares of BanColombia by 527.0% in the 1st quarter. Millennium Management LLC now owns 316,877 shares of the bank's stock valued at $12,738,000 after buying an additional 266,341 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new position in shares of BanColombia in the 1st quarter valued at $508,000. Cubist Systematic Strategies LLC lifted its holdings in shares of BanColombia by 176.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 239,710 shares of the bank's stock worth $9,636,000 after acquiring an additional 153,058 shares during the period. Finally, Earnest Partners LLC boosted its position in shares of BanColombia by 2.3% during the 1st quarter. Earnest Partners LLC now owns 2,566,128 shares of the bank's stock valued at $103,158,000 after acquiring an additional 56,475 shares in the last quarter.

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.