Bancolombia S.A. (NYSE:CIB) Short Interest Down 20.9% in December

Bancolombia S.A. (NYSE:CIB) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 190,700 shares, a drop of 20.9% from the December 15th total of 241,200 shares. Based on an average trading volume of 230,500 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are sold short.

Bancolombia Stock Down 1.4 %

Shares of CIB stock traded down $0.47 during trading hours on Thursday, reaching $32.05. 222,868 shares of the company’s stock were exchanged, compared to its average volume of 253,056. Bancolombia has a 1 year low of $30.25 and a 1 year high of $37.85. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34. The stock has a market cap of $7.71 billion, a PE ratio of 5.08, a PEG ratio of 1.83 and a beta of 1.20. The stock’s fifty day moving average price is $32.43 and its two-hundred day moving average price is $32.50.

Bancolombia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a dividend of $0.8044 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.22 dividend on an annualized basis and a yield of 10.04%. Bancolombia’s payout ratio is 50.71%.

Hedge Funds Weigh In On Bancolombia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CIB. Measured Wealth Private Client Group LLC raised its stake in shares of Bancolombia by 6.4% in the third quarter. Measured Wealth Private Client Group LLC now owns 7,800 shares of the bank’s stock worth $245,000 after purchasing an additional 471 shares during the last quarter. Blue Trust Inc. lifted its stake in Bancolombia by 96.5% during the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank’s stock valued at $43,000 after acquiring an additional 641 shares during the period. Ballentine Partners LLC lifted its stake in Bancolombia by 6.5% during the 4th quarter. Ballentine Partners LLC now owns 11,209 shares of the bank’s stock valued at $353,000 after acquiring an additional 680 shares during the period. US Bancorp DE boosted its holdings in shares of Bancolombia by 18.9% in the 3rd quarter. US Bancorp DE now owns 5,282 shares of the bank’s stock valued at $166,000 after acquiring an additional 839 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Bancolombia in the third quarter worth $27,000.

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.