Short Interest in Bancolombia S.A. (NYSE:CIB) Rises By 27.6%

Bancolombia S.A. (NYSE:CIB - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 760,300 shares, an increase of 27.6% from the April 30th total of 595,700 shares. Currently, 0.7% of the company's stock are short sold. Based on an average daily trading volume, of 427,800 shares, the days-to-cover ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CIB. UBS Group boosted their price target on shares of Bancolombia from $35.00 to $38.00 and gave the company a "neutral" rating in a report on Monday. The Goldman Sachs Group lifted their price objective on Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a research report on Monday, February 24th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $39.00.

Bancolombia Stock Up 0.3%

Shares of CIB traded up $0.14 during mid-day trading on Wednesday, hitting $43.59. 374,872 shares of the company's stock were exchanged, compared to its average volume of 439,773. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 6.92, a P/E/G ratio of 2.47 and a beta of 0.91. The firm has a fifty day moving average of $40.68 and a two-hundred day moving average of $38.10. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. Bancolombia has a twelve month low of $30.25 and a twelve month high of $44.93.

Bancolombia Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 9th. Shareholders of record on Tuesday, April 29th were given a dividend of $0.5745 per share. This represents a yield of 17.13%. This is an increase from Bancolombia's previous dividend of $0.30. The ex-dividend date was Monday, April 28th. Bancolombia's dividend payout ratio is presently 104.81%.

Hedge Funds Weigh In On Bancolombia

Institutional investors have recently bought and sold shares of the stock. Dodge & Cox increased its holdings in shares of Bancolombia by 2.7% during the 4th quarter. Dodge & Cox now owns 11,300 shares of the bank's stock valued at $356,000 after acquiring an additional 300 shares during the last quarter. US Bancorp DE raised its stake in Bancolombia by 5.9% during the 4th quarter. US Bancorp DE now owns 5,594 shares of the bank's stock valued at $176,000 after purchasing an additional 312 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in 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. boosted its holdings in Bancolombia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock valued at $72,000 after purchasing an additional 657 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC grew its position in Bancolombia by 7.5% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,628 shares of the bank's stock worth $303,000 after purchasing an additional 668 shares during 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.