JBF Capital Inc. Makes New Investment in BanColombia S.A. (NYSE:CIB)

Key Points

• JBF Capital Inc. acquired a new position in BanColombia S.A. by purchasing 6,000 shares worth approximately $241,000 in the first quarter of the year.
• Other hedge funds have also increased their investments in BanColombia, with notable purchases including Itau Unibanco's new $24.8 million position and JPMorgan Chase increasing its holdings by 40%.
• BanColombia's stock is currently rated as an average "Hold" by analysts, with a new price target set at $39.00 by UBS Group, reflecting a slight increase from a previous target of $35.00.

JBF Capital Inc. bought a new stake in shares of BanColombia S.A. (NYSE:CIB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,000 shares of the bank's stock, valued at approximately $241,000.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. increased its holdings in BanColombia by 6.9% in the fourth quarter. American Century Companies Inc. now owns 96,890 shares of the bank's stock worth $3,053,000 after buying an additional 6,243 shares during the last quarter. Vanguard Group Inc. increased its position in 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 during the period. JPMorgan Chase & Co. boosted its holdings in BanColombia by 40.0% during the fourth quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock worth $15,260,000 after buying an additional 138,461 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in BanColombia by 12.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 928,679 shares of the bank's stock valued at $29,263,000 after acquiring an additional 102,015 shares in the last quarter. Finally, Integrated Quantitative Investments LLC bought a new stake in shares of BanColombia during the 4th quarter worth approximately $693,000.

BanColombia Stock Performance

CIB traded up $0.48 during trading hours on Monday, hitting $44.60. The stock had a trading volume of 89,777 shares, compared to its average volume of 396,288. The company's fifty day simple moving average is $43.99 and its 200 day simple moving average is $41.67. The stock has a market cap of $10.72 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.96 and a beta of 0.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. BanColombia S.A. has a 1 year low of $30.25 and a 1 year high of $46.81.

Analyst Ratings Changes

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

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.