Crossmark Global Holdings Inc. Takes Position in BanColombia S.A. (CIB)

Crossmark Global Holdings Inc. purchased a new stake in BanColombia S.A. (NYSE:CIB) during the third quarter, according to its most recent filing with the SEC. The firm purchased 19,215 shares of the bank’s stock, valued at approximately $880,000.

Several other large investors have also recently made changes to their positions in CIB. Advisor Group Inc. raised its position in shares of BanColombia by 1.6% in the 2nd quarter. Advisor Group Inc. now owns 3,227 shares of the bank’s stock valued at $144,000 after acquiring an additional 52 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of BanColombia by 5.8% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 5,021 shares of the bank’s stock valued at $200,000 after acquiring an additional 275 shares during the period. Pinebridge Investments L.P. acquired a new stake in shares of BanColombia in the 2nd quarter valued at approximately $223,000. High Pointe Capital Management LLC acquired a new stake in shares of BanColombia in the 2nd quarter valued at approximately $228,000. Finally, First Trust Advisors LP acquired a new stake in shares of BanColombia in the 3rd quarter valued at approximately $230,000. Institutional investors and hedge funds own 14.74% of the company’s stock.

BanColombia S.A. (CIB) opened at $38.63 on Monday. BanColombia S.A. has a 52 week low of $31.98 and a 52 week high of $48.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.83. The firm has a market cap of $9,288.85, a price-to-earnings ratio of 9.71, a P/E/G ratio of 1.68 and a beta of 0.33.

Several analysts have commented on CIB shares. Santander downgraded shares of BanColombia from a “hold” rating to an “underperform” rating in a report on Wednesday, September 20th. Zacks Investment Research upgraded shares of BanColombia from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Friday, September 1st. J P Morgan Chase & Co downgraded shares of BanColombia from a “neutral” rating to an “underweight” rating and set a $41.00 target price on the stock. in a report on Wednesday, October 4th. Deutsche Bank AG cut shares of BanColombia from a “buy” rating to a “hold” rating and decreased their price target for the stock from $52.00 to $45.00 in a research note on Friday, October 27th. Finally, HSBC Holdings plc cut shares of BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $46.00.

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BanColombia Profile

Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.

Institutional Ownership by Quarter for BanColombia (NYSE:CIB)

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