Huntington National Bank lessened its holdings in shares of Bancolombia SA (NYSE:CIB) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,962 shares of the bank’s stock after selling 206 shares during the period. Huntington National Bank’s holdings in Bancolombia were worth $97,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in CIB. Advisory Services Network LLC purchased a new stake in Bancolombia during the 2nd quarter valued at about $30,000. Bartlett & Co. LLC grew its stake in Bancolombia by 16.0% during the 2nd quarter. Bartlett & Co. LLC now owns 1,450 shares of the bank’s stock valued at $74,000 after acquiring an additional 200 shares in the last quarter. Parallel Advisors LLC purchased a new stake in Bancolombia during the 3rd quarter valued at about $74,000. Signaturefd LLC grew its stake in shares of Bancolombia by 11.7% in the 3rd quarter. Signaturefd LLC now owns 2,142 shares of the bank’s stock valued at $106,000 after buying an additional 225 shares during the period. Finally, US Bancorp DE grew its stake in shares of Bancolombia by 21.7% in the 2nd quarter. US Bancorp DE now owns 3,317 shares of the bank’s stock valued at $169,000 after buying an additional 592 shares during the period. 7.59% of the stock is owned by institutional investors.
Shares of Bancolombia stock traded down $0.73 during mid-day trading on Friday, hitting $53.71. The stock had a trading volume of 173,020 shares, compared to its average volume of 293,079. The firm has a 50-day moving average of $50.99 and a two-hundred day moving average of $50.05. Bancolombia SA has a 12-month low of $35.52 and a 12-month high of $55.40. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.70. The firm has a market cap of $13.22 billion, a P/E ratio of 15.43 and a beta of 0.74.
The company also recently declared a — dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.3248 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a dividend yield of 2.5%. Bancolombia’s dividend payout ratio (DPR) is 33.05%.
Several research firms have recently weighed in on CIB. ValuEngine cut shares of Bancolombia from a “sell” rating to a “strong sell” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. raised shares of Bancolombia from a “neutral” rating to an “overweight” rating and increased their price target for the company from $48.00 to $55.00 in a research note on Tuesday, August 6th. Zacks Investment Research cut shares of Bancolombia from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Credit Suisse Group raised shares of Bancolombia from an “underperform” rating to a “neutral” rating and set a $53.00 price target for the company in a research note on Tuesday, August 6th. Finally, Santander raised shares of Bancolombia from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $55.00.
Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.
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