Zurcher Kantonalbank Zurich Cantonalbank Has $5.45 Million Stake in BanColombia S.A. (NYSE:CIB)

Key Points

• Zurcher Kantonalbank increased its stake in BanColombia by 15.1%, acquiring an additional 17,755 shares, bringing its total ownership to 135,528 shares valued at about $5.4 million.
• BanColombia shares are currently priced at $43.38, having fluctuated between a low of $30.25 and a high of $46.81 over the past 12 months, with a market capitalization of $10.43 billion.
• Analysts have a consensus rating of "Hold" for BanColombia, with a target price increase from $35.00 to $38.00 as per UBS Group's recent report.

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of BanColombia S.A. (NYSE:CIB - Free Report) by 15.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 135,528 shares of the bank's stock after purchasing an additional 17,755 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of BanColombia worth $5,448,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in BanColombia by 40.0% in the 4th quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock valued at $15,260,000 after acquiring an additional 138,461 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in shares of BanColombia in the fourth quarter valued at approximately $693,000. QRG Capital Management Inc. lifted its position in shares of BanColombia by 9.4% in the first quarter. QRG Capital Management Inc. now owns 15,840 shares of the bank's stock worth $637,000 after purchasing an additional 1,364 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of BanColombia by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,099,224 shares of the bank's stock worth $97,657,000 after purchasing an additional 19,499 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new position in BanColombia during the fourth quarter worth $3,128,000.

BanColombia Stock Up 1.6%

Shares of NYSE:CIB traded up $0.71 during trading on Friday, hitting $44.13. 329,076 shares of the company were exchanged, compared to its average volume of 213,933. BanColombia S.A. has a fifty-two week low of $30.25 and a fifty-two week high of $46.81. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 0.94 and a beta of 0.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $43.99 and a two-hundred day moving average price of $41.54.

Wall Street Analysts Forecast Growth

Separately, UBS Group reiterated a "neutral" rating and issued a $38.00 price target (up from $35.00) on shares of BanColombia in a research note on Monday, June 2nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $39.00.

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.