Bancolombia S.A. (NYSE:CIB) Short Interest Up 41.9% in December

Bancolombia S.A. (NYSE:CIB) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 241,200 shares, an increase of 41.9% from the November 30th total of 170,000 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 245,100 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Bancolombia

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP bought a new stake in shares of Bancolombia in the 3rd quarter valued at $8,208,000. DekaBank Deutsche Girozentrale acquired a new position in Bancolombia during the second quarter worth $506,000. Capital Wealth Planning LLC lifted its stake in shares of Bancolombia by 35.9% in the second quarter. Capital Wealth Planning LLC now owns 82,611 shares of the bank’s stock valued at $2,697,000 after buying an additional 21,841 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Bancolombia by 117.2% during the second quarter. Renaissance Technologies LLC now owns 139,200 shares of the bank’s stock valued at $4,545,000 after buying an additional 75,100 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Bancolombia by 3,160.0% during the third quarter. Point72 Asset Management L.P. now owns 16,300 shares of the bank’s stock worth $511,000 after acquiring an additional 15,800 shares in the last quarter.

Bancolombia Trading Up 1.3 %

Shares of CIB stock traded up $0.42 on Monday, hitting $31.67. The company had a trading volume of 194,681 shares, compared to its average volume of 260,559. The stock’s 50-day moving average is $32.37 and its two-hundred day moving average is $32.55. Bancolombia has a twelve month low of $30.25 and a twelve month high of $37.85. The firm has a market cap of $7.62 billion, a P/E ratio of 5.02, a P/E/G ratio of 3.47 and a beta of 1.22. 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 disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be given 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 is Monday, December 30th. Bancolombia’s dividend payout ratio (DPR) is presently 50.87%.

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.