Raiffeisen Bank International AG Invests $304,000 in Bancolombia S.A. (NYSE:CIB)

Raiffeisen Bank International AG purchased a new position in Bancolombia S.A. (NYSE:CIB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,600 shares of the bank's stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC lifted its stake in Bancolombia by 74.7% during the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock worth $31,000 after purchasing an additional 414 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Bancolombia by 41.3% in the fourth 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. SBI Securities Co. Ltd. purchased a new position in shares of Bancolombia in the 4th quarter worth about $89,000. R Squared Ltd purchased a new stake in shares of Bancolombia during the 4th quarter valued at about $121,000. Finally, V Square Quantitative Management LLC grew its position in shares of Bancolombia by 126.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank's stock worth $169,000 after buying an additional 2,949 shares in the last quarter.

Bancolombia Price Performance

CIB traded up $0.43 on Tuesday, hitting $42.06. 270,532 shares of the stock were exchanged, compared to its average volume of 316,736. The business has a 50-day moving average of $40.95 and a two-hundred day moving average of $37.40. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 2.47 and a beta of 0.91. Bancolombia S.A. has a 12 month low of $30.25 and a 12 month high of $44.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.00.

Bancolombia (NYSE:CIB - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.22. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.41 billion. Sell-side analysts forecast that Bancolombia S.A. will post 6 EPS for the current fiscal year.

Bancolombia Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CIB. Morgan Stanley raised Bancolombia from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $40.00 to $53.00 in a research report on Tuesday, January 28th. The Goldman Sachs Group upped their price target on Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a report on Monday, February 24th.

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.