Bancolombia SA (NYSE:CIB) traded down 3% on Monday . The stock traded as low as $34.22 and last traded at $34.37, with a volume of 143,271 shares. The stock had previously closed at $35.44.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. HSBC cut shares of Bancolombia SA from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. Finally, Goldman Sachs Group Inc. cut shares of Bancolombia SA from a “buy” rating to a “neutral” rating in a report on Tuesday, March 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $39.25.

The firm has a market capitalization of $8.23 billion and a price-to-earnings ratio of 10.59. The stock’s 50-day moving average price is $34.63 and its 200 day moving average price is $33.12.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 11th. Investors of record on Tuesday, July 5th were issued a $0.299 dividend. The ex-dividend date was Thursday, June 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.50%.

Other institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Bancolombia SA by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 770,819 shares of the company’s stock worth $20,616,000 after buying an additional 26,475 shares during the last quarter. Bailard Inc. acquired a new position in Bancolombia SA during the fourth quarter worth $5,083,000. Morgan Stanley boosted its position in Bancolombia SA by 160.2% in the fourth quarter. Morgan Stanley now owns 51,261 shares of the company’s stock worth $1,371,000 after buying an additional 31,559 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Bancolombia SA by 26.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,700 shares of the company’s stock worth $1,276,000 after buying an additional 9,900 shares during the last quarter.

Bancolombia SA is a commercial bank. The Bank provides financial products and services to a diversified individual, corporate and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank and its subsidiaries offer savings and investment, financing, mortgage banking, factoring, financial and operating leases, capital markets, eTrading, cash management, foreign currency, insurance, investment banking, and trust and fiduciary services.

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