Caprock Group LLC Grows Position in Bancolombia S.A. (NYSE:CIB)

Caprock Group LLC grew its stake in shares of Bancolombia S.A. (NYSE:CIBFree Report) by 8.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,059 shares of the bank’s stock after purchasing an additional 1,423 shares during the period. Caprock Group LLC’s holdings in Bancolombia were worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CIB. Advisor Group Holdings Inc. boosted its holdings in Bancolombia by 12.0% during the first quarter. Advisor Group Holdings Inc. now owns 5,173 shares of the bank’s stock worth $221,000 after buying an additional 553 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Bancolombia by 14.2% during the 1st quarter. American Century Companies Inc. now owns 16,862 shares of the bank’s stock worth $719,000 after acquiring an additional 2,099 shares in the last quarter. US Bancorp DE grew its holdings in shares of Bancolombia by 7.7% in the 1st quarter. US Bancorp DE now owns 8,982 shares of the bank’s stock worth $383,000 after acquiring an additional 643 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Bancolombia by 13.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,719 shares of the bank’s stock worth $117,000 after acquiring an additional 327 shares during the period. Finally, BlackRock Inc. increased its stake in Bancolombia by 25.1% in the 1st quarter. BlackRock Inc. now owns 2,227,183 shares of the bank’s stock valued at $95,011,000 after purchasing an additional 446,778 shares in the last quarter.

Bancolombia Stock Up 0.4 %

CIB opened at $34.22 on Friday. The business’s fifty day moving average is $32.53 and its two-hundred day moving average is $29.59. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. Bancolombia S.A. has a one year low of $23.12 and a one year high of $35.31.

Bancolombia (NYSE:CIBGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The bank reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.26. Bancolombia had a return on equity of 18.46% and a net margin of 13.51%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.68 billion. As a group, equities analysts forecast that Bancolombia S.A. will post 5.69 EPS for the current fiscal year.

Bancolombia Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Monday, April 1st will be given a $0.8118 dividend. The ex-dividend date is Thursday, March 28th. This represents a $3.25 annualized dividend and a dividend yield of 9.49%. Bancolombia’s dividend payout ratio is currently 59.84%.

Analyst Ratings Changes

Separately, HSBC downgraded Bancolombia from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, Bancolombia has an average rating of “Hold” and a consensus target price of $30.65.

Read Our Latest Stock Report on Bancolombia

Bancolombia Company Profile

(Free Report)

Bancolombia SA provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Bermuda, and Guatemala. 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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Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

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