9,600 Shares in Bancolombia S.A. (NYSE:CIB) Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new position in shares of Bancolombia S.A. (NYSE:CIB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,600 shares of the bank's stock, valued at approximately $304,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP grew its holdings in Bancolombia by 57.8% in the fourth quarter. Quantinno Capital Management LP now owns 12,345 shares of the bank's stock worth $389,000 after purchasing an additional 4,523 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Bancolombia by 35.9% in the 4th quarter. Lazard Asset Management LLC now owns 321,417 shares of the bank's stock worth $10,127,000 after purchasing an additional 84,837 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in Bancolombia by 7.5% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,628 shares of the bank's stock worth $303,000 after buying an additional 668 shares during the last quarter. Ethic Inc. increased its position in Bancolombia by 10.7% during the 4th quarter. Ethic Inc. now owns 95,555 shares of the bank's stock valued at $3,011,000 after buying an additional 9,258 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in Bancolombia by 80.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 200,065 shares of the bank's stock valued at $6,304,000 after buying an additional 89,464 shares in the last quarter.

Bancolombia Stock Performance

CIB traded up $0.69 on Friday, reaching $41.22. 130,072 shares of the stock were exchanged, compared to its average volume of 315,805. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.00. The company's 50-day moving average price is $40.84 and its 200 day moving average price is $37.49. The firm has a market capitalization of $9.91 billion, a PE ratio of 6.54, a PEG ratio of 2.47 and a beta of 0.91. Bancolombia S.A. has a fifty-two week low of $30.25 and a fifty-two week high of $44.93.

Bancolombia (NYSE:CIB - Get Free Report) last released its earnings results on Thursday, February 20th. The bank reported $1.57 EPS for the quarter, topping 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 firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, sell-side analysts forecast that Bancolombia S.A. will post 6 EPS for the current fiscal year.

Bancolombia Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group raised 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. Morgan Stanley upgraded shares of Bancolombia from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $40.00 to $53.00 in a research note on Tuesday, January 28th.

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.