Triasima Portfolio Management inc. bought a new position in BanColombia S.A. (NYSE:CIB - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 43,975 shares of the bank's stock, valued at approximately $1,768,000.
A number of other hedge funds and other institutional investors have also modified their holdings of CIB. Whipplewood Advisors LLC increased its stake in shares of BanColombia by 4,800.9% in the 1st quarter. Whipplewood Advisors LLC now owns 5,195 shares of the bank's stock worth $209,000 after acquiring an additional 5,089 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings 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 worth $247,000 after purchasing an additional 1,085 shares during the period. Wealthquest Corp purchased a new position in shares of BanColombia during the 1st quarter worth $290,000. Quadrant Capital Group LLC grew its holdings in shares of BanColombia by 13.3% during the 4th quarter. Quadrant Capital Group LLC now owns 9,587 shares of the bank's stock worth $302,000 after purchasing an additional 1,128 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC grew its holdings in shares of BanColombia by 7.5% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,628 shares of the bank's stock worth $303,000 after purchasing an additional 668 shares during the period.
BanColombia Trading Down 0.7%
Shares of NYSE CIB traded down $0.33 during mid-day trading on Friday, reaching $45.85. 208,472 shares of the company's stock were exchanged, compared to its average volume of 329,710. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 1.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00. BanColombia S.A. has a 52-week low of $30.25 and a 52-week high of $46.81. The company's 50-day moving average is $43.43 and its 200-day moving average is $40.71.
Analyst Ratings Changes
Separately, UBS Group reiterated a "neutral" rating and set a $38.00 price target (up from $35.00) on shares of BanColombia in a report on Monday, June 2nd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, BanColombia currently has a consensus rating of "Hold" and a consensus price target of $39.00.
Check Out Our Latest Stock Analysis on CIB
About BanColombia
(
Free Report)
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.
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