Bancolombia (NYSE:CIB) Reaches New 1-Year High – What’s Next?

Bancolombia S.A. (NYSE:CIB) shares hit a new 52-week high during trading on Thursday . The company traded as high as $41.55 and last traded at $41.49, with a volume of 344373 shares changing hands. The stock had previously closed at $41.09.

Analyst Ratings Changes

Separately, Morgan Stanley raised Bancolombia from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $40.00 to $53.00 in a research report on Tuesday, January 28th.

Bancolombia Stock Up 1.0 %

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average of $35.10 and a 200 day moving average of $33.31. The company has a market capitalization of $9.98 billion, a PE ratio of 6.58, a P/E/G ratio of 2.31 and a beta of 1.22.

Institutional Trading of Bancolombia

Large investors have recently bought and sold shares of the company. Venturi Wealth Management LLC purchased a new stake in Bancolombia in the third quarter worth $27,000. Lindbrook Capital LLC increased its position in Bancolombia by 74.7% in the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank’s stock worth $31,000 after buying an additional 414 shares during the last quarter. Blue Trust Inc. increased its position in Bancolombia by 96.5% in the third quarter. Blue Trust Inc. now owns 1,305 shares of the bank’s stock worth $43,000 after buying an additional 641 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position 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 worth $72,000 after buying an additional 657 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Bancolombia in the fourth quarter worth $89,000.

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.