3,798 Shares in Bancolombia S.A. (NYSE:CIB) Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC bought a new position in Bancolombia S.A. (NYSE:CIB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,798 shares of the bank’s stock, valued at approximately $117,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Bancolombia by 164.9% in the fourth quarter. Parallel Advisors LLC now owns 2,069 shares of the bank’s stock worth $64,000 after acquiring an additional 1,288 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in Bancolombia in the fourth quarter worth $123,000. Signaturefd LLC lifted its stake in Bancolombia by 26.1% in the fourth quarter. Signaturefd LLC now owns 4,425 shares of the bank’s stock worth $136,000 after purchasing an additional 916 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Bancolombia by 107.9% in the fourth quarter. Quadrant Capital Group LLC now owns 6,313 shares of the bank’s stock worth $194,000 after purchasing an additional 3,277 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC bought a new stake in Bancolombia in the fourth quarter worth $218,000.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Bancolombia from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 16th. Bank of America assumed coverage on shares of Bancolombia in a research note on Thursday, May 2nd. They issued a “neutral” rating and a $38.00 price target for the company. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, Bancolombia presently has a consensus rating of “Hold” and an average target price of $33.12.

Bancolombia Stock Up 1.0 %

Shares of NYSE:CIB opened at $32.77 on Tuesday. The company has a 50-day moving average price of $34.42 and a 200-day moving average price of $32.78. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.39. Bancolombia S.A. has a 12 month low of $24.15 and a 12 month high of $37.85.

Bancolombia (NYSE:CIB) last issued its quarterly earnings data on Thursday, May 9th. The bank reported $1.80 EPS for the quarter, beating the consensus estimate of $1.47 by $0.33. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. Bancolombia had a net margin of 13.64% and a return on equity of 17.33%. During the same period in the prior year, the firm posted $1.54 earnings per share. Equities research analysts expect that Bancolombia S.A. will post 5.98 earnings per share for the current year.

Bancolombia Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 27th will be paid a $0.898 dividend. This is an increase from Bancolombia’s previous quarterly dividend of $0.81. This represents a $3.59 dividend on an annualized basis and a yield of 10.96%. The ex-dividend date is Thursday, June 27th. Bancolombia’s dividend payout ratio is presently 56.92%.

Bancolombia Company 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.