Bancolombia SA (CIB) Shares Bought by Parallel Advisors LLC

Bancolombia SA (CIB) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC raised its position in shares of Bancolombia SA (NYSE:CIB) by 45.7% during the first quarter, Holdings Channel reports. The fund owned 845 shares of the bank’s stock after buying an additional 265 shares during the quarter. Parallel Advisors LLC’s holdings in Bancolombia were worth $43,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Advisor Group Inc. boosted its position in Bancolombia by 6.0% during the fourth quarter. Advisor Group Inc. now owns 5,567 shares of the bank’s stock valued at $212,000 after acquiring an additional 317 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Bancolombia by 167.7% during the first quarter. BNP Paribas Arbitrage SA now owns 621 shares of the bank’s stock valued at $32,000 after acquiring an additional 389 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in Bancolombia by 4.4% during the fourth quarter. Wetherby Asset Management Inc. now owns 9,443 shares of the bank’s stock valued at $360,000 after acquiring an additional 401 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Bancolombia by 37.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,914 shares of the bank’s stock valued at $73,000 after acquiring an additional 519 shares during the last quarter. Finally, Lindbrook Capital LLC bought a new stake in Bancolombia during the fourth quarter valued at $31,000. 6.80% of the stock is currently owned by institutional investors and hedge funds.

CIB stock opened at $47.63 on Thursday. The stock has a market cap of $11.47 billion, a PE ratio of 13.04, a P/E/G ratio of 0.83 and a beta of 0.66. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.76. Bancolombia SA has a 1 year low of $35.52 and a 1 year high of $55.40.

Bancolombia (NYSE:CIB) last announced its quarterly earnings results on Thursday, February 21st. The bank reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.36. Bancolombia had a net margin of 14.40% and a return on equity of 11.77%. The business had revenue of $1.28 billion for the quarter. As a group, sell-side analysts expect that Bancolombia SA will post 4.43 EPS for the current fiscal year.

CIB has been the topic of a number of research analyst reports. ValuEngine raised shares of Bancolombia from a “hold” rating to a “buy” rating in a research report on Thursday, March 21st. Citigroup raised shares of Bancolombia from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 17th. Zacks Investment Research raised shares of Bancolombia from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Tuesday, May 7th. Bank of America raised shares of Bancolombia from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Finally, JPMorgan Chase & Co. raised shares of Bancolombia from an “underweight” rating to a “neutral” rating in a research report on Monday, February 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $54.00.

About Bancolombia

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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