Banco BTG Pactual S.A. purchased a new position in BanColombia S.A. (NYSE:CIB - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,190 shares of the bank's stock, valued at approximately $611,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in BanColombia during the fourth quarter valued at $24,801,000. Dimensional Fund Advisors LP lifted its position in BanColombia by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 365,603 shares of the bank's stock valued at $11,523,000 after buying an additional 14,293 shares during the period. Russell Investments Group Ltd. lifted its position in BanColombia by 18.0% during the first quarter. Russell Investments Group Ltd. now owns 330,931 shares of the bank's stock valued at $13,303,000 after buying an additional 50,409 shares during the period. Lazard Asset Management LLC lifted its position in BanColombia by 35.9% during the fourth quarter. Lazard Asset Management LLC now owns 321,417 shares of the bank's stock valued at $10,127,000 after buying an additional 84,837 shares during the period. Finally, RWC Asset Management LLP purchased a new position in BanColombia during the first quarter valued at $12,536,000.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on CIB shares. Bank of America raised BanColombia from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $41.00 to $49.00 in a research report on Thursday, August 7th. UBS Group reissued a "neutral" rating and set a $38.00 price objective (up previously from $35.00) on shares of BanColombia in a research report on Monday, June 2nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $43.75.
Check Out Our Latest Report on CIB
BanColombia Stock Down 0.4%
Shares of NYSE:CIB traded down $0.1760 on Monday, hitting $49.7540. 95,549 shares of the company traded hands, compared to its average volume of 392,545. BanColombia S.A. has a 52 week low of $30.65 and a 52 week high of $50.60. The stock has a 50 day simple moving average of $45.60 and a 200-day simple moving average of $42.83. The company has a market cap of $11.96 billion, a PE ratio of 7.55, a PEG ratio of 1.00 and a beta of 0.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.29.
BanColombia (NYSE:CIB - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The bank reported $1.79 EPS for the quarter, topping the consensus estimate of $1.66 by $0.13. BanColombia had a return on equity of 19.77% and a net margin of 15.30%.The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.75 billion. As a group, research analysts expect that BanColombia S.A. will post 6 earnings per share for the current year.
BanColombia Company Profile
(
Free Report)
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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