Bancolombia (NYSE:CIB) Sees Unusually-High Trading Volume – Should You Buy?

Bancolombia S.A. (NYSE:CIB) shares saw unusually-strong trading volume on Friday . Approximately 313,899 shares traded hands during trading, an increase of 14% from the previous session’s volume of 276,337 shares.The stock last traded at $35.24 and had previously closed at $34.43.

Bancolombia Stock Performance

The company has a market capitalization of $8.56 billion, a PE ratio of 5.64, a P/E/G ratio of 1.87 and a beta of 1.20. The stock has a 50-day simple moving average of $32.61 and a 200 day simple moving average of $32.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00.

Bancolombia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were given a dividend of $0.8044 per share. This represents a $3.22 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date of this dividend was Monday, December 30th. Bancolombia’s payout ratio is currently 50.71%.

Institutional Trading of Bancolombia

Large investors have recently modified their holdings of the business. Wellington Management Group LLP purchased a new position in Bancolombia during the third quarter worth $8,208,000. XTX Topco Ltd purchased a new position in Bancolombia in the 3rd quarter valued at about $385,000. Centiva Capital LP acquired a new stake in shares of Bancolombia during the 3rd quarter worth about $288,000. Renaissance Technologies LLC raised its position in shares of Bancolombia by 117.2% in 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. boosted its position in 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 during the last quarter.

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.