Bancolombia S.A. (NYSE:CIB) Short Interest Down 20.9% in January

Bancolombia S.A. (NYSE:CIB) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 190,700 shares, a drop of 20.9% from the December 31st total of 241,200 shares. Based on an average daily volume of 230,500 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are short sold.

Bancolombia Stock Performance

Shares of NYSE CIB traded down $0.43 during trading hours on Thursday, hitting $39.87. 622,821 shares of the company’s stock were exchanged, compared to its average volume of 469,264. The stock has a market capitalization of $9.59 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 1.87 and a beta of 1.20. The company’s 50-day moving average price is $33.08 and its 200-day moving average price is $32.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00. Bancolombia has a 1-year low of $30.25 and a 1-year high of $40.62.

Bancolombia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were given a $0.8044 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.22 annualized dividend and a dividend yield of 8.07%. Bancolombia’s dividend payout ratio is 50.71%.

Hedge Funds Weigh In On Bancolombia

Institutional investors and hedge funds have recently bought and sold shares of the stock. Venturi Wealth Management LLC acquired a new stake in Bancolombia during the third quarter worth $27,000. Blue Trust Inc. boosted its position in shares of Bancolombia by 96.5% during the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank’s stock valued at $43,000 after acquiring an additional 641 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Bancolombia by 41.3% in the fourth 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 during the period. R Squared Ltd acquired a new position in Bancolombia in the fourth quarter worth about $121,000. Finally, US Bancorp DE lifted its stake in Bancolombia by 18.9% during the third quarter. US Bancorp DE now owns 5,282 shares of the bank’s stock worth $166,000 after purchasing an additional 839 shares during the period.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised shares of Bancolombia from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $40.00 to $53.00 in a research report on Tuesday.

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.