Short Interest in Bancolombia S.A. (NYSE:CIB) Rises By 41.9%

Bancolombia S.A. (NYSE:CIB) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 241,200 shares, a growth of 41.9% from the November 30th total of 170,000 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 245,100 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Signaturefd LLC grew its position in Bancolombia by 10.6% during the 2nd quarter. Signaturefd LLC now owns 5,053 shares of the bank’s stock worth $165,000 after purchasing an additional 484 shares in the last quarter. Moneda S.A. Administradora General de Fondos bought a new stake in shares of Bancolombia in the 2nd quarter worth approximately $5,756,000. American Century Companies Inc. increased its holdings in Bancolombia by 5.7% in the 2nd 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 during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Bancolombia in the 2nd quarter worth approximately $506,000. Finally, Capital Wealth Planning LLC lifted its holdings in shares of Bancolombia by 35.9% during the second quarter. Capital Wealth Planning LLC now owns 82,611 shares of the bank’s stock valued at $2,697,000 after acquiring an additional 21,841 shares during the period.

Bancolombia Stock Down 1.2 %

Shares of Bancolombia stock traded down $0.38 on Monday, hitting $31.67. 194,702 shares of the company’s stock traded hands, compared to its average volume of 260,663. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.34. The stock has a market cap of $7.62 billion, a P/E ratio of 5.02, a PEG ratio of 3.47 and a beta of 1.22. Bancolombia has a 52-week low of $30.25 and a 52-week high of $37.85. The firm’s 50-day moving average is $32.37 and its 200 day moving average is $32.55.

Bancolombia Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.8044 per share. This represents a $3.22 annualized dividend and a dividend yield of 10.16%. The ex-dividend date of this dividend is Monday, December 30th. Bancolombia’s dividend payout ratio (DPR) is 50.87%.

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.