Lindbrook Capital LLC Increases Holdings in Bancolombia S.A. (NYSE:CIB)

Lindbrook Capital LLC lifted its position in shares of Bancolombia S.A. (NYSE:CIB) by 74.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 968 shares of the bank’s stock after buying an additional 414 shares during the period. Lindbrook Capital LLC’s holdings in Bancolombia were worth $31,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CIB. Wellington Management Group LLP purchased a new stake in Bancolombia in the 3rd quarter valued at approximately $8,208,000. Raymond James Financial Inc. purchased a new stake in Bancolombia in the 4th quarter valued at approximately $3,104,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Bancolombia during the 3rd quarter worth $2,845,000. Public Employees Retirement System of Ohio purchased a new position in shares of Bancolombia during the 3rd quarter worth $2,667,000. Finally, Moneda S.A. Administradora General de Fondos acquired a new stake in shares of Bancolombia during the 4th quarter worth $2,218,000.

Bancolombia Stock Performance

Shares of CIB stock opened at $41.73 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.05. Bancolombia S.A. has a one year low of $30.25 and a one year high of $44.25. The company’s 50-day simple moving average is $37.46 and its 200-day simple moving average is $34.10. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 6.62, a PEG ratio of 2.47 and a beta of 1.22.

Bancolombia (NYSE:CIB) last issued its earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Equities analysts anticipate that Bancolombia S.A. will post 6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CIB has been the subject of a number of research analyst reports. Morgan Stanley upgraded Bancolombia from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $40.00 to $53.00 in a report on Tuesday, January 28th. The Goldman Sachs Group raised their target price on Bancolombia from $31.00 to $35.00 and gave the company a “sell” rating in a research note on Monday, February 24th.

About Bancolombia

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.