Huntington National Bank trimmed its position in Bancolombia SA (NYSE:CIB) by 9.5% during the third quarter, according to its most recent 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 quarter. Huntington National Bank’s holdings in Bancolombia were worth $97,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in CIB. Advisory Services Network LLC acquired a new stake in shares of Bancolombia in the 2nd quarter valued at $30,000. Bartlett & Co. LLC raised its holdings in shares of Bancolombia by 16.0% in the 2nd quarter. Bartlett & Co. LLC now owns 1,450 shares of the bank’s stock valued at $74,000 after purchasing an additional 200 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Bancolombia in the 3rd quarter valued at $74,000. Signaturefd LLC grew its position 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 last quarter. Finally, US Bancorp DE grew its position 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 last quarter. Institutional investors and hedge funds own 7.59% of the company’s stock.
Shares of NYSE CIB traded down $0.73 during mid-day trading on Friday, reaching $53.71. The company had a trading volume of 173,020 shares, compared to its average volume of 293,079. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.70. The firm has a 50 day simple moving average of $50.99 and a two-hundred day simple moving average of $50.05. The stock has a market cap of $13.22 billion, a P/E ratio of 15.43 and a beta of 0.74. Bancolombia SA has a 52-week low of $35.52 and a 52-week high of $55.40.
The business also recently announced a — dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.3248 dividend. This represents a dividend yield of 2.5%. The ex-dividend date was Thursday, September 26th. Bancolombia’s dividend payout ratio (DPR) is 33.05%.
A number of research analysts recently commented on CIB shares. JPMorgan Chase & Co. raised shares of Bancolombia from a “neutral” rating to an “overweight” rating and increased their target price for the company from $48.00 to $55.00 in a research report on Tuesday, August 6th. Credit Suisse Group raised shares of Bancolombia from an “underperform” rating to a “neutral” rating and set a $53.00 target price on the stock in a research report on Tuesday, August 6th. Zacks Investment Research downgraded shares of Bancolombia from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Santander raised shares of Bancolombia from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, ValuEngine downgraded shares of Bancolombia from a “sell” rating to a “strong sell” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price 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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