Kerrisdale Advisers LLC Buys 11,435 Shares of Bancolombia S.A. (NYSE:CIB)

Kerrisdale Advisers LLC increased its holdings in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 220,025 shares of the bank's stock after purchasing an additional 11,435 shares during the period. Bancolombia makes up about 2.3% of Kerrisdale Advisers LLC's holdings, making the stock its 15th biggest position. Kerrisdale Advisers LLC owned 0.09% of Bancolombia worth $6,933,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC increased its stake in shares of Bancolombia by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock valued at $31,000 after acquiring an additional 414 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Bancolombia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock valued at $72,000 after acquiring an additional 657 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Bancolombia in the 4th quarter valued at $89,000. R Squared Ltd bought a new stake in shares of Bancolombia in the 4th quarter valued at $121,000. Finally, V Square Quantitative Management LLC increased its stake in shares of Bancolombia by 126.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank's stock valued at $169,000 after acquiring an additional 2,949 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CIB shares. Morgan Stanley upgraded shares of Bancolombia from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $40.00 to $53.00 in a research note on Tuesday, January 28th. The Goldman Sachs Group lifted their price objective on shares of Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a research note on Monday, February 24th.

Bancolombia Stock Up 0.1 %

CIB stock traded up $0.06 during midday trading on Tuesday, reaching $40.73. 133,040 shares of the company's stock traded hands, compared to its average volume of 453,773. Bancolombia S.A. has a 52 week low of $30.25 and a 52 week high of $44.93. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 2.47 and a beta of 0.85. The firm's fifty day moving average price is $41.21 and its 200-day moving average price is $36.42.

Bancolombia (NYSE:CIB - Get Free Report) last posted its earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.22. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.41 billion. As a group, sell-side analysts forecast that Bancolombia S.A. will post 6 earnings per share for the current fiscal year.

Bancolombia Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 9th. Investors of record on Tuesday, April 29th will be given a dividend of $0.5745 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a yield of 17.13%. This is a positive change from Bancolombia's previous dividend of $0.30. Bancolombia's dividend payout ratio is presently 107.46%.

Bancolombia 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.