Gladstone Institutional Advisory LLC Makes New $218,000 Investment in Bancolombia S.A. (NYSE:CIB)

Gladstone Institutional Advisory LLC acquired a new position in shares of Bancolombia S.A. (NYSE:CIB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,083 shares of the bank’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its holdings in Bancolombia by 52.4% in the fourth quarter. Nordea Investment Management AB now owns 214,223 shares of the bank’s stock valued at $6,613,000 after acquiring an additional 73,656 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in Bancolombia in the 4th quarter valued at about $222,000. Caprock Group LLC grew its holdings in shares of Bancolombia by 8.6% during the 4th quarter. Caprock Group LLC now owns 18,059 shares of the bank’s stock worth $570,000 after purchasing an additional 1,423 shares during the period. Barings LLC grew its holdings in shares of Bancolombia by 44.7% during the 4th quarter. Barings LLC now owns 155,940 shares of the bank’s stock worth $4,798,000 after purchasing an additional 48,185 shares during the period. Finally, Sei Investments Co. boosted its holdings in Bancolombia by 16.3% in the 3rd quarter. Sei Investments Co. now owns 686,161 shares of the bank’s stock worth $18,307,000 after acquiring an additional 96,247 shares during the period.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America assumed coverage on Bancolombia in a research report on Thursday, May 2nd. They issued a “neutral” rating and a $38.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Bancolombia from $30.00 to $35.00 and gave the company an “underweight” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Bancolombia presently has an average rating of “Hold” and a consensus price target of $33.12.

Bancolombia Stock Down 1.6 %

CIB traded down $0.59 during trading on Friday, reaching $35.30. 176,544 shares of the company were exchanged, compared to its average volume of 234,284. The firm has a 50 day moving average of $34.46 and a 200 day moving average of $31.90. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.04 and a quick ratio of 1.04. Bancolombia S.A. has a 52 week low of $23.12 and a 52 week high of $37.85.

Bancolombia (NYSE:CIB) last released its quarterly earnings results on Thursday, May 9th. The bank reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.33. Bancolombia had a return on equity of 17.33% and a net margin of 13.64%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the business posted $1.54 earnings per share. As a group, equities research analysts expect that Bancolombia S.A. will post 5.98 earnings per share for the current year.

Bancolombia Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Monday, April 1st were issued a dividend of $0.8118 per share. This represents a $3.25 annualized dividend and a dividend yield of 9.20%. The ex-dividend date was Thursday, March 28th. Bancolombia’s dividend payout ratio is 56.92%.

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.