BanColombia S.A. (NYSE:CIB) Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. increased its holdings in shares of BanColombia S.A. (NYSE:CIB - Free Report) by 68.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,710 shares of the bank's stock after acquiring an additional 20,285 shares during the period. Pekin Hardy Strauss Inc.'s holdings in BanColombia were worth $1,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CIB. US Bancorp DE grew its holdings in BanColombia by 5.9% during the fourth quarter. US Bancorp DE now owns 5,594 shares of the bank's stock worth $176,000 after acquiring an additional 312 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of BanColombia in the fourth quarter valued at about $89,000. Raymond James Financial Inc. acquired a new stake in shares of BanColombia in the fourth quarter valued at about $3,104,000. Lindbrook Capital LLC lifted its stake in shares of BanColombia by 74.7% in the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock valued at $31,000 after purchasing an additional 414 shares during the period. Finally, Amundi lifted its stake in shares of BanColombia by 2.1% in the fourth quarter. Amundi now owns 362,391 shares of the bank's stock valued at $11,741,000 after purchasing an additional 7,386 shares during the period.

BanColombia Price Performance

Shares of NYSE CIB traded down $0.24 during midday trading on Thursday, hitting $44.72. The company had a trading volume of 193,164 shares, compared to its average volume of 328,123. 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 twelve month low of $30.25 and a twelve month high of $46.81. The business has a 50-day simple moving average of $42.86 and a two-hundred day simple moving average of $40.08. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93.

BanColombia Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 9th. Investors of record on Tuesday, April 29th were paid a $0.5745 dividend. This is a boost from BanColombia's previous dividend of $0.30. The ex-dividend date of this dividend was Monday, April 28th. This represents a dividend yield of 17.13%. BanColombia's dividend payout ratio (DPR) is 91.19%.

Analyst Ratings Changes

Separately, UBS Group reiterated a "neutral" rating and issued a $38.00 price objective (up previously 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 assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, BanColombia currently has a consensus 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.