12,634 Shares in BanColombia S.A. $CIB Purchased by BW Gestao de Investimentos Ltda.

Key Points

• BW Gestao de Investimentos Ltda. acquired 12,634 shares of BanColombia S.A. during the 1st quarter, valued at approximately $508,000.
• Several hedge funds, including QRG Capital Management and Northern Trust Corp, have significantly increased their holdings in BanColombia recently.
• Analysts have mixed ratings on BanColombia, with a Hold rating from Zacks Research but an upgrade by Bank of America to Neutral along with an increased price target from $41.00 to $49.00.

BW Gestao de Investimentos Ltda. bought a new stake in shares of BanColombia S.A. (NYSE:CIB - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,634 shares of the bank's stock, valued at approximately $508,000.

Other hedge funds also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new position in BanColombia during the 1st quarter valued at about $45,000. Aberdeen Group plc acquired a new position in BanColombia during the 1st quarter valued at about $201,000. Whipplewood Advisors LLC increased its position in BanColombia by 4,800.9% during the 1st quarter. Whipplewood Advisors LLC now owns 5,195 shares of the bank's stock valued at $209,000 after buying an additional 5,089 shares in the last quarter. Malaga Cove Capital LLC acquired a new position in BanColombia during the 1st quarter valued at about $209,000. Finally, JBF Capital Inc. acquired a new position in BanColombia during the 1st quarter valued at about $241,000.

Analyst Upgrades and Downgrades

CIB has been the topic of several recent analyst reports. Zacks Research lowered BanColombia from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Bank of America raised BanColombia from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $41.00 to $49.00 in a report on Thursday, August 7th. Finally, UBS Group reissued a "neutral" rating and issued a $38.00 price objective (up from $35.00) on shares of BanColombia in a report on Monday, June 2nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, BanColombia presently has an average rating of "Hold" and an average target price of $43.75.

BanColombia Stock Performance

NYSE CIB traded up $1.71 on Friday, reaching $52.25. 475,849 shares of the company's stock traded hands, compared to its average volume of 282,492. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 1.05 and a beta of 0.97. BanColombia S.A. has a fifty-two week low of $30.65 and a fifty-two week high of $52.29. The stock has a 50 day moving average price of $46.88 and a 200-day moving average price of $43.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.00 and a current ratio of 1.00.

BanColombia (NYSE:CIB - Get Free Report) last posted its earnings results on Thursday, August 7th. The bank reported $1.79 EPS for the quarter, topping the consensus estimate of $1.66 by $0.13. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.75 billion. BanColombia had a return on equity of 19.77% and a net margin of 15.30%. Equities research analysts predict that BanColombia S.A. will post 6 EPS for the current fiscal year.

BanColombia 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.