B. Metzler seel. Sohn & Co. AG Sells 28,383 Shares of BanColombia S.A. $CIB

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its position in BanColombia S.A. by 30.7%, now holding shares valued at approximately $2.58 million.
• BanColombia recently reported earnings per share (EPS) of $1.79, exceeding analysts' expectations by $0.13, with revenues of $1.80 billion for the quarter.
• Analysts remain divided on BanColombia, with ratings including a "Buy," three "Hold," and a single "Sell," and an average target price of $43.75.

B. Metzler seel. Sohn & Co. AG lowered its position in shares of BanColombia S.A. (NYSE:CIB - Free Report) by 30.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,217 shares of the bank's stock after selling 28,383 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in BanColombia were worth $2,582,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CIB. SVB Wealth LLC bought a new stake in BanColombia during the first quarter valued at $45,000. Aberdeen Group plc acquired a new position in shares of BanColombia during the first quarter valued at about $201,000. Whipplewood Advisors LLC raised its holdings in shares of BanColombia by 4,800.9% during the first quarter. Whipplewood Advisors LLC now owns 5,195 shares of the bank's stock valued at $209,000 after purchasing an additional 5,089 shares during the period. Malaga Cove Capital LLC acquired a new stake in shares of BanColombia in the 1st quarter worth about $209,000. Finally, JBF Capital Inc. acquired a new stake in shares of BanColombia in the 1st quarter worth about $241,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CIB shares. 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 upgraded shares of BanColombia from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $41.00 to $49.00 in a report on Thursday, August 7th. Finally, Zacks Research lowered shares of BanColombia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $43.75.

BanColombia Stock Down 0.4%

CIB stock traded down $0.21 during trading on Wednesday, reaching $49.67. The stock had a trading volume of 105,868 shares, compared to its average volume of 388,166. BanColombia S.A. has a one year low of $30.65 and a one year high of $50.60. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.29. The company's 50 day moving average is $46.55 and its two-hundred day moving average is $43.30. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 7.54, a P/E/G ratio of 1.01 and a beta of 0.97.

BanColombia (NYSE:CIB - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The bank reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.13. BanColombia had a net margin of 15.30% and a return on equity of 19.77%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.75 billion. Equities research analysts forecast that BanColombia S.A. will post 6 EPS for the current 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.