7,212 Shares in BanColombia S.A. (NYSE:CIB) Acquired by Wealthquest Corp

Wealthquest Corp acquired a new position in shares of BanColombia S.A. (NYSE:CIB - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,212 shares of the bank's stock, valued at approximately $290,000.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in BanColombia by 40.0% during the fourth quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock valued at $15,260,000 after purchasing an additional 138,461 shares during the last quarter. Raymond James Financial Inc. acquired a new position in BanColombia during the fourth quarter valued at approximately $3,104,000. Integrated Quantitative Investments LLC acquired a new position in BanColombia during the fourth quarter valued at approximately $693,000. Stokes Family Office LLC boosted its position in BanColombia by 30.5% during the fourth quarter. Stokes Family Office LLC now owns 33,790 shares of the bank's stock valued at $1,065,000 after purchasing an additional 7,907 shares during the last quarter. Finally, 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 valued at $97,657,000 after buying an additional 19,499 shares during the last quarter.

Analyst Ratings Changes

Separately, UBS Group reaffirmed a "neutral" rating and issued a $38.00 price objective (up from $35.00) on shares of BanColombia in a research report 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 MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $39.00.

BanColombia Stock Performance

Shares of CIB traded down $0.19 during mid-day trading on Friday, reaching $45.15. The company's stock had a trading volume of 205,241 shares, compared to its average volume of 330,094. BanColombia S.A. has a 1-year low of $30.25 and a 1-year high of $45.78. The stock has a market cap of $10.86 billion, a P/E ratio of 7.24, a PEG ratio of 1.01 and a beta of 0.91. The business has a 50-day simple moving average of $42.13 and a two-hundred day simple moving average of $39.37. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26.

BanColombia Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th were given a $0.5745 dividend. This represents a dividend yield of 17.13%. This is a boost from BanColombia's previous dividend of $0.30. The ex-dividend date of this dividend was Monday, April 28th. BanColombia's dividend payout ratio (DPR) is presently 104.97%.

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.