Bancolombia S.A. (NYSE:CIB) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Bancolombia S.A. (NYSE:CIB) by 8.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,773 shares of the bank’s stock after selling 10,773 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bancolombia were worth $3,711,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. US Bancorp DE grew its stake in Bancolombia by 5.9% during the 4th quarter. US Bancorp DE now owns 5,594 shares of the bank’s stock worth $176,000 after purchasing an additional 312 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of Bancolombia by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 968 shares of the bank’s stock valued at $31,000 after buying an additional 414 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Bancolombia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank’s stock worth $72,000 after buying an additional 657 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Bancolombia by 6.5% during the fourth quarter. Ballentine Partners LLC now owns 11,209 shares of the bank’s stock worth $353,000 after buying an additional 680 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in Bancolombia in the third quarter valued at approximately $27,000.

Bancolombia Trading Up 3.8 %

Shares of Bancolombia stock opened at $43.15 on Friday. The company has a fifty day simple moving average of $38.46 and a 200-day simple moving average of $34.41. Bancolombia S.A. has a 12-month low of $30.25 and a 12-month high of $44.25. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 2.47 and a beta of 1.22.

Bancolombia (NYSE:CIB) last announced its earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. On average, equities analysts forecast that Bancolombia S.A. will post 6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Morgan Stanley raised shares of Bancolombia from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $53.00 in a research report on Tuesday, January 28th. The Goldman Sachs Group raised their price target on Bancolombia from $31.00 to $35.00 and gave the company a “sell” rating in a research note on Monday, February 24th.

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.