5,986 Shares in BanColombia S.A. $CIB Bought by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has acquired 5,986 shares of BanColombia S.A. (NYSE:CIB) valued at approximately $241,000.
• BanColombia's stock received upgrades from Bank of America and UBS Group, increasing its price target to between $38.00 and $49.00.
• The bank reported an earnings per share (EPS) of $1.79 for the last quarter, exceeding analysts' estimates of $1.66.

Aigen Investment Management LP bought a new position in BanColombia S.A. (NYSE:CIB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,986 shares of the bank's stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CIB. Whipplewood Advisors LLC raised its position in BanColombia by 4,800.9% in the first quarter. Whipplewood Advisors LLC now owns 5,195 shares of the bank's stock worth $209,000 after acquiring an additional 5,089 shares in the last quarter. Malaga Cove Capital LLC bought a new stake in shares of BanColombia in the 1st quarter worth approximately $209,000. JBF Capital Inc. bought a new stake in shares of BanColombia in the 1st quarter worth approximately $241,000. Mercer Global Advisors Inc. ADV lifted its position in shares of BanColombia by 16.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824 shares of the bank's stock valued at $247,000 after acquiring an additional 1,085 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of BanColombia by 14.3% during the 1st quarter. US Bancorp DE now owns 6,394 shares of the bank's stock valued at $257,000 after acquiring an additional 800 shares during the last quarter.

BanColombia Stock Down 0.7%

Shares of NYSE:CIB traded down $0.33 during midday trading on Tuesday, hitting $49.36. 70,362 shares of the stock were exchanged, compared to its average volume of 395,622. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $11.87 billion, a PE ratio of 7.48, a P/E/G ratio of 0.99 and a beta of 0.92. BanColombia S.A. has a 52-week low of $30.65 and a 52-week high of $49.79. The business's fifty day simple moving average is $45.04 and its two-hundred day simple moving average is $42.55.

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 the consensus estimate of $1.75 billion. BanColombia had a net margin of 15.30% and a return on equity of 17.84%. As a group, research analysts predict that BanColombia S.A. will post 6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CIB has been the subject of a number of research analyst reports. UBS Group restated a "neutral" rating and issued a $38.00 target price (up previously from $35.00) on shares of BanColombia in a report on Monday, June 2nd. Bank of America raised BanColombia from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $41.00 to $49.00 in a research note on Thursday, August 7th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $43.75.

About BanColombia

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.