BanColombia S.A. (NYSE:CIB - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $46.28 and last traded at $46.42, with a volume of 49003 shares trading hands. The stock had previously closed at $45.09.
Wall Street Analysts Forecast Growth
Separately, UBS Group restated a "neutral" rating and issued a $38.00 target price (up from $35.00) on shares of BanColombia in a research note on Monday, June 2nd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, BanColombia presently has a consensus rating of "Hold" and an average target price of $39.00.
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BanColombia Stock Performance
The company has a market capitalization of $11.07 billion, a PE ratio of 7.38, a PEG ratio of 1.01 and a beta of 0.93. The firm has a 50-day moving average of $42.52 and a two-hundred day moving average of $39.72. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26.
BanColombia Increases Dividend
The company also recently announced 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%. This is a positive change from BanColombia's previous dividend of $0.30. The ex-dividend date was Monday, April 28th. BanColombia's payout ratio is 91.19%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in BanColombia by 62.3% in the 1st 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 increased its position in shares of BanColombia by 527.0% in the first 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 during the 1st quarter worth approximately $508,000. Cubist Systematic Strategies LLC lifted its position 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 valued at $9,636,000 after buying an additional 153,058 shares in the last quarter. Finally, Earnest Partners LLC lifted 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 buying an additional 56,475 shares in the last quarter.
About BanColombia
(
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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.
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