Short Interest in Bancolombia S.A. (NYSE:CIB) Rises By 41.9%

Bancolombia S.A. (NYSE:CIB) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 241,200 shares, a growth of 41.9% from the November 30th total of 170,000 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 245,100 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Bancolombia

A number of hedge funds have recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new position in shares of Bancolombia during the third quarter valued at about $27,000. Blue Trust Inc. lifted its position in shares of Bancolombia by 96.5% during the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank’s stock worth $43,000 after buying an additional 641 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Bancolombia by 10.6% in the 2nd quarter. Signaturefd LLC now owns 5,053 shares of the bank’s stock worth $165,000 after buying an additional 484 shares during the last quarter. US Bancorp DE grew its stake in Bancolombia by 18.9% in the 3rd quarter. US Bancorp DE now owns 5,282 shares of the bank’s stock valued at $166,000 after purchasing an additional 839 shares during the period. Finally, AXA S.A. purchased a new stake in shares of Bancolombia during the 2nd quarter valued at $192,000.

Bancolombia Stock Up -1.2 %

CIB stock traded up $0.42 during mid-day trading on Monday, reaching $31.67. 194,681 shares of the company traded hands, compared to its average volume of 260,662. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 5.02, a P/E/G ratio of 3.47 and a beta of 1.22. Bancolombia has a fifty-two week low of $30.25 and a fifty-two week high of $37.85. The firm’s 50 day moving average price is $32.37 and its 200 day moving average price is $32.55. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.34.

Bancolombia Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 30th will be given a $0.8044 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 10.16%. The ex-dividend date of this dividend is Monday, December 30th. Bancolombia’s payout ratio is currently 50.87%.

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.