BanColombia S.A. (NYSE:CIB) Holdings Lessened by Truffle Hound Capital LLC

Key Points

• Truffle Hound Capital LLC reduced its stake in BanColombia S.A. by 25.7%, now holding 260,000 shares valued at approximately $10.45 million.
• Several other institutional investors increased their positions in BanColombia during the first quarter, with Whipplewood Advisors boosting its holdings by an impressive 4,800.9%.
• UBS Group has maintained a "neutral" rating on BanColombia, raising the price target to $38.00 while the average stock rating remains a "Hold" with a consensus price target of $39.00.

Truffle Hound Capital LLC cut its position in shares of BanColombia S.A. (NYSE:CIB - Free Report) by 25.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,000 shares of the bank's stock after selling 90,000 shares during the period. BanColombia accounts for about 3.8% of Truffle Hound Capital LLC's investment portfolio, making the stock its 2nd largest position. Truffle Hound Capital LLC owned approximately 0.11% of BanColombia worth $10,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CIB. Dodge & Cox increased its stake in shares of BanColombia by 2.7% in the 4th quarter. Dodge & Cox now owns 11,300 shares of the bank's stock valued at $356,000 after buying an additional 300 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of BanColombia by 7.5% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,628 shares of the bank's stock valued at $303,000 after purchasing an additional 668 shares in the last quarter. US Bancorp DE raised its holdings in BanColombia by 14.3% during the first quarter. US Bancorp DE now owns 6,394 shares of the bank's stock worth $257,000 after acquiring an additional 800 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in BanColombia by 16.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824 shares of the bank's stock worth $247,000 after acquiring an additional 1,085 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in BanColombia by 13.3% during the fourth quarter. Quadrant Capital Group LLC now owns 9,587 shares of the bank's stock worth $302,000 after buying an additional 1,128 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

BanColombia Trading Up 1.3%

NYSE:CIB traded up $0.60 during mid-day trading on Wednesday, hitting $45.54. 157,640 shares of the stock traded hands, compared to its average volume of 394,104. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 0.97 and a beta of 0.92. BanColombia S.A. has a 52 week low of $30.57 and a 52 week high of $46.81. The firm's 50 day moving average is $44.11 and its two-hundred day moving average is $41.78. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26.

About BanColombia

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.