Bancolombia SA (NYSE:CIB) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,565,700 shares, a growth of 67.3% from the July 31st total of 935,900 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 264,200 shares, the days-to-cover ratio is presently 5.9 days.

Several large investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in Bancolombia in the second quarter worth $30,000. BNP Paribas Arbitrage SA increased its stake in Bancolombia by 167.7% during the first quarter. BNP Paribas Arbitrage SA now owns 621 shares of the bank’s stock worth $32,000 after acquiring an additional 389 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Bancolombia by 45.7% during the first quarter. Parallel Advisors LLC now owns 845 shares of the bank’s stock worth $43,000 after buying an additional 265 shares during the period. Bartlett & Co. LLC lifted its holdings in Bancolombia by 16.0% during the 2nd quarter. Bartlett & Co. LLC now owns 1,450 shares of the bank’s stock worth $74,000 after buying an additional 200 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Bancolombia by 21.7% during the second quarter. US Bancorp DE now owns 3,317 shares of the bank’s stock worth $169,000 after purchasing an additional 592 shares in the last quarter. 7.59% of the stock is currently owned by institutional investors.

NYSE:CIB traded up $0.40 on Thursday, reaching $51.41. The stock had a trading volume of 2,999 shares, compared to its average volume of 307,232. Bancolombia has a 1-year low of $35.52 and a 1-year high of $55.40. The company has a market capitalization of $11.84 billion, a P/E ratio of 14.66 and a beta of 0.76. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $49.92 and a 200-day moving average price of $50.11.

Bancolombia (NYSE:CIB) last announced its quarterly earnings data on Monday, August 5th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.16. Bancolombia had a net margin of 16.24% and a return on equity of 13.40%. The firm had revenue of $1.16 billion for the quarter. Sell-side analysts predict that Bancolombia will post 4.05 earnings per share for the current fiscal year.

Several research analysts recently issued reports on CIB shares. ValuEngine cut Bancolombia from a “hold” rating to a “sell” rating in a research note on Tuesday. Credit Suisse Group raised shares of Bancolombia from an “underperform” rating to a “neutral” rating and set a $53.00 price target on the stock in a research report on Tuesday, August 6th. Zacks Investment Research downgraded shares of Bancolombia from a “buy” rating to a “hold” rating in a research note on Monday. Finally, JPMorgan Chase & Co. raised shares of Bancolombia from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $48.00 to $55.00 in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $55.00.

Bancolombia Company Profile

Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.

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