Truffle Hound Capital LLC Takes $11.03 Million Position in Bancolombia S.A. (NYSE:CIB)

Truffle Hound Capital LLC acquired a new stake in shares of Bancolombia S.A. (NYSE:CIB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 350,000 shares of the bank’s stock, valued at approximately $11,028,000. Bancolombia accounts for about 3.9% of Truffle Hound Capital LLC’s investment portfolio, making the stock its 3rd biggest holding. Truffle Hound Capital LLC owned approximately 0.15% of Bancolombia at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in shares of Bancolombia during the third quarter valued at approximately $8,208,000. XTX Topco Ltd bought a new stake in Bancolombia in the third quarter valued at $385,000. Centiva Capital LP bought a new stake in Bancolombia in the third quarter valued at $288,000. Point72 Asset Management L.P. boosted its holdings in Bancolombia by 3,160.0% in the third quarter. Point72 Asset Management L.P. now owns 16,300 shares of the bank’s stock valued at $511,000 after acquiring an additional 15,800 shares in the last quarter. Finally, Moneda S.A. Administradora General de Fondos bought a new stake in Bancolombia in the fourth quarter valued at $2,218,000.

Bancolombia Stock Performance

Shares of Bancolombia stock opened at $42.61 on Friday. 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 firm has a market capitalization of $10.25 billion, a P/E ratio of 6.76, a P/E/G ratio of 2.47 and a beta of 1.22. The business has a fifty day simple moving average of $39.51 and a two-hundred day simple moving average of $34.74. Bancolombia S.A. has a 12 month low of $30.25 and a 12 month high of $44.25.

Bancolombia (NYSE:CIB) last announced its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates 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 earnings per share for the current fiscal year.

Bancolombia Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a dividend of $3.8119 per share. The ex-dividend date is Monday, March 31st. This represents a $15.25 annualized dividend and a yield of 35.78%. This is a positive change from Bancolombia’s previous quarterly dividend of $0.80. Bancolombia’s dividend payout ratio (DPR) is currently 50.79%.

Analyst Ratings Changes

Several analysts recently weighed in on CIB shares. Morgan Stanley upgraded shares of Bancolombia from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $53.00 in a report on Tuesday, January 28th. The Goldman Sachs Group lifted their price target on shares of Bancolombia from $31.00 to $35.00 and gave the company a “sell” rating in a report on Monday, February 24th.

About Bancolombia

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.