Bancolombia S.A. (NYSE:CIB) Short Interest Down 20.9% in December

Bancolombia S.A. (NYSE:CIB) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 190,700 shares, a decline of 20.9% from the December 15th total of 241,200 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 230,500 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Bancolombia

A number of hedge funds have recently added to or reduced their stakes in the business. Ballentine Partners LLC raised its holdings in shares of Bancolombia by 6.5% in the 4th quarter. Ballentine Partners LLC now owns 11,209 shares of the bank’s stock valued at $353,000 after purchasing an additional 680 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Bancolombia in the 3rd quarter valued at about $2,667,000. XTX Topco Ltd bought a new position in shares of Bancolombia during the 3rd quarter worth approximately $385,000. Virtus Investment Advisers Inc. lifted its position in Bancolombia by 442.6% during the third quarter. Virtus Investment Advisers Inc. now owns 24,274 shares of the bank’s stock valued at $762,000 after acquiring an additional 19,800 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Bancolombia in the third quarter valued at approximately $8,208,000.

Bancolombia Trading Down 1.4 %

Shares of NYSE:CIB traded down $0.47 during trading on Thursday, reaching $32.05. 222,868 shares of the company were exchanged, compared to its average volume of 253,056. Bancolombia has a 12-month low of $30.25 and a 12-month high of $37.85. The firm has a market capitalization of $7.71 billion, a PE ratio of 5.08, a P/E/G ratio of 1.83 and a beta of 1.20. The business’s fifty day simple moving average is $32.43 and its 200-day simple moving average is $32.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00.

Bancolombia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were issued a $0.8044 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.22 annualized dividend and a dividend yield of 10.04%. Bancolombia’s payout ratio is currently 50.71%.

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.