Rhumbline Advisers Has $601,000 Stock Position in Bancolombia S.A. (NYSE:CIB)

Rhumbline Advisers lessened its holdings in Bancolombia S.A. (NYSE:CIB) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,066 shares of the bank’s stock after selling 580 shares during the period. Rhumbline Advisers’ holdings in Bancolombia were worth $601,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CIB. Venturi Wealth Management LLC bought a new stake in shares of Bancolombia during the 3rd quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Bancolombia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank’s stock worth $72,000 after purchasing an additional 657 shares during the period. R Squared Ltd bought a new stake in Bancolombia during the fourth quarter worth approximately $121,000. US Bancorp DE grew its holdings in Bancolombia by 18.9% during the third quarter. US Bancorp DE now owns 5,282 shares of the bank’s stock valued at $166,000 after purchasing an additional 839 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of Bancolombia by 126.1% in the fourth quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank’s stock valued at $169,000 after purchasing an additional 2,949 shares during the period.

Bancolombia Trading Up 0.4 %

Shares of Bancolombia stock opened at $41.73 on Friday. Bancolombia S.A. has a 1 year low of $30.25 and a 1 year high of $44.25. The company’s fifty day simple moving average is $37.26 and its 200-day simple moving average is $34.05. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 6.62, a PEG ratio of 2.47 and a beta of 1.22. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60.

Bancolombia (NYSE:CIB) last posted its quarterly 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. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.41 billion. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. As a group, sell-side analysts expect that Bancolombia S.A. will post 6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price 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. Morgan Stanley raised Bancolombia from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $40.00 to $53.00 in a research report on Tuesday, January 28th.

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.