Findlay Park Partners LLP Invests $1.82 Million in Bancolombia (CIB) Stock

Findlay Park Partners LLP acquired a new stake in Bancolombia (NYSE:CIB) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 43,300 shares of the bank’s stock, valued at approximately $1,819,000.

Other large investors have also recently bought and sold shares of the company. Aperio Group LLC lifted its position in shares of Bancolombia by 4.5% during the first quarter. Aperio Group LLC now owns 237,827 shares of the bank’s stock worth $9,993,000 after purchasing an additional 10,203 shares during the last quarter. Bailard Inc. bought a new position in shares of Bancolombia during the first quarter worth about $5,058,000. Barings LLC lifted its position in shares of Bancolombia by 170.1% during the first quarter. Barings LLC now owns 347,900 shares of the bank’s stock worth $14,619,000 after purchasing an additional 219,100 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Bancolombia during the first quarter worth about $220,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Bancolombia by 13.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,400 shares of the bank’s stock worth $3,126,000 after purchasing an additional 9,000 shares during the last quarter. 11.46% of the stock is owned by institutional investors.

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Several equities analysts have recently commented on CIB shares. Zacks Investment Research raised shares of Bancolombia from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Friday. ValuEngine cut shares of Bancolombia from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. UBS raised shares of Bancolombia from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Standpoint Research raised shares of Bancolombia from a “hold” rating to an “accumulate” rating in a research report on Wednesday, March 7th. Finally, Santander raised shares of Bancolombia from an “underperform” rating to a “hold” rating in a research report on Thursday, April 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Bancolombia has an average rating of “Hold” and an average price target of $45.50.

CIB opened at $45.05 on Monday. The stock has a market cap of $10.83 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.13 and a beta of 0.50. Bancolombia has a fifty-two week low of $36.38 and a fifty-two week high of $51.38. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79.

Bancolombia (NYSE:CIB) last released its quarterly earnings data on Wednesday, February 21st. The bank reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.41. The firm had revenue of $991.09 million for the quarter. Bancolombia had a net margin of 10.76% and a return on equity of 9.54%. sell-side analysts predict that Bancolombia will post 3.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Thursday, June 28th will be paid a dividend of $0.362 per share. This is a positive change from Bancolombia’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, June 27th. This represents a $1.45 annualized dividend and a yield of 3.21%. Bancolombia’s dividend payout ratio is 40.11%.

About Bancolombia

Bancolombia SA provides various banking products and services to individual, corporate, and government customers throughout Colombia, Latin America, and the Caribbean region. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.

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