Bancolombia SA (CIB) sees a big fall in short-term interest rates



Bancolombia SA (NYSE: CIB) received a major fall in short-term interest rates in July. As at 31 July, there was a short-term interest rate of 635,944 shares, a decrease of 37.2% compared to the total of 1,011,934 shares on 13 July. On the basis of an average daily volume of 279.439 shares, the short-term interest rate is currently 2.3 days.

Several hedge funds and other institutional investors have recently changed their positions in the company. Rational Advisors LLC increased its shareholding in Bancolombia by 60.0% in the second quarter. Rational Advisors LLC now owns 2,934 shares of the bank's share of $ 140,000 after acquiring 1,100 additional shares in the last quarter. Profund Advisors LLC increased its shareholding in Bancolombia by 14.0% in the first quarter. Profund Advisors LLC now holds 11,328 shares of the bank's share with a value of $ 476,000 after the acquisition of 1,392 shares in the last quarter. Crossmark Global Holdings Inc. expanded its shareholdings in Bancolombia by 17.1% in the second quarter. Crossmark Global Holdings Inc. now owns 14,188 shares of the bank's share with a value of $ 678,000 after acquiring 2,070 additional shares in the last quarter. Macquarie Group Ltd. has increased its holdings in Bancolombia shares by 2.1% in the second quarter. Macquarie Group Ltd. now owns 102,050 shares of the bank's share with a value of $ 4,876,000, after acquiring another 2,110 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its shareholdings in Bancolombia by 9.0% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now holds 29,012 shares of the bank's share of $ 1,219,000 after acquiring another 2,493 shares in the last quarter. Institutional investors own 11.02% of the company's shares.

CIB shares open on Friday at $ 44.53. The stock has a market capitalization of $ 10.71 billion, a price-earnings ratio of 12.47, a PEG ratio of 0.86 and a beta of 0.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.12 and a quick ratio of 1.12. Bancolombia has a 1-year low of $ 36.38 and a 1-year high of $ 51.38.

A number of equity analysts have issued reports about the company. Zacks Investment Research lowered Bancolombia from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; credit in a report on Monday, August 13. ValuEngine lowered Bancolombia from a "buy" classification to a "hold" rating in a report on Friday, May 11. Finally, Bank of America upgraded Bancolombia from an "underperform" rating to a "neutral" rating in a report on Wednesday, June 13. Three research analysts have rated the shares with a sell rating and six have awarded a hold rating to the company. The company currently has an average rating of & # 39; Hold & # 39; and a target price target of $ 45.67.

About Bancolombia

Bancolombia SA offers various banking products and services to individual, business and government customers in Colombia, Latin America and the Caribbean. The company is active 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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