Quadrature Capital Ltd Purchases New Shares in Bancolombia S.A. (NYSE:CIB)

Quadrature Capital Ltd acquired a new stake in Bancolombia S.A. (NYSE:CIB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 20,102 shares of the bank’s stock, valued at approximately $619,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CIB. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Bancolombia during the 3rd quarter worth $1,512,000. Advisors Asset Management Inc. raised its stake in Bancolombia by 26.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 31,308 shares of the bank’s stock worth $835,000 after buying an additional 6,574 shares during the period. Alps Advisors Inc. raised its stake in Bancolombia by 15.3% during the 3rd quarter. Alps Advisors Inc. now owns 23,686 shares of the bank’s stock worth $632,000 after buying an additional 3,146 shares during the period. Earnest Partners LLC raised its stake in Bancolombia by 14.2% during the 3rd quarter. Earnest Partners LLC now owns 2,515,052 shares of the bank’s stock worth $67,102,000 after buying an additional 312,502 shares during the period. Finally, Sei Investments Co. raised its stake in Bancolombia by 16.3% during the 3rd quarter. Sei Investments Co. now owns 686,161 shares of the bank’s stock worth $18,307,000 after buying an additional 96,247 shares during the period.

Bancolombia Price Performance

Bancolombia stock opened at $32.59 on Friday. Bancolombia S.A. has a one year low of $24.15 and a one year high of $37.85. The business has a fifty day moving average price of $34.20 and a 200-day moving average price of $32.88. 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 (NYSE:CIB) last issued its quarterly earnings data on Thursday, May 9th. The bank reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.33. Bancolombia had a return on equity of 17.33% and a net margin of 13.64%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the business posted $1.54 earnings per share. As a group, equities analysts anticipate that Bancolombia S.A. will post 5.98 EPS for the current year.

Bancolombia Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 27th will be given a $0.898 dividend. This represents a $3.59 dividend on an annualized basis and a dividend yield of 11.02%. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from Bancolombia’s previous quarterly dividend of $0.81. Bancolombia’s dividend payout ratio (DPR) is 56.92%.

Analysts Set New Price Targets

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

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.