Bancolombia (NYSE:CIB) Sees Large Volume Increase – Here’s Why

Bancolombia S.A. (NYSE:CIB) shares saw unusually-high trading volume on Friday . Approximately 313,899 shares changed hands during trading, an increase of 14% from the previous session’s volume of 276,337 shares.The stock last traded at $35.24 and had previously closed at $34.43.

Bancolombia Stock Performance

The company’s fifty day moving average price is $32.61 and its two-hundred day moving average price is $32.50. The firm has a market capitalization of $8.56 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.00.

Bancolombia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were given a $0.8044 dividend. This represents a $3.22 annualized dividend and a dividend yield of 9.04%. The ex-dividend date was Monday, December 30th. Bancolombia’s dividend payout ratio (DPR) is currently 50.71%.

Hedge Funds Weigh In On Bancolombia

Several hedge funds and other institutional investors have recently modified their holdings of CIB. American Century Companies Inc. lifted its position in Bancolombia by 5.7% during the second quarter. American Century Companies Inc. now owns 78,631 shares of the bank’s stock valued at $2,567,000 after buying an additional 4,233 shares in the last quarter. Renaissance Technologies LLC boosted its position in Bancolombia by 117.2% during the 2nd quarter. Renaissance Technologies LLC now owns 139,200 shares of the bank’s stock worth $4,545,000 after purchasing an additional 75,100 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Bancolombia by 17.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,323 shares of the bank’s stock valued at $432,000 after purchasing an additional 1,948 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Bancolombia by 671.2% in the second quarter. Thrivent Financial for Lutherans now owns 62,201 shares of the bank’s stock valued at $2,031,000 after purchasing an additional 54,136 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Bancolombia by 3.0% during the second quarter. Cubist Systematic Strategies LLC now owns 121,479 shares of the bank’s stock worth $3,966,000 after purchasing an additional 3,578 shares in the last quarter.

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.