Banco Macro S.A. (NYSE:BMA - Get Free Report) dropped 3.6% on Friday . The company traded as low as $102.31 and last traded at $101.53. Approximately 114,423 shares were traded during trading, a decline of 70% from the average daily volume of 382,181 shares. The stock had previously closed at $105.32.
Analyst Ratings Changes
Separately, Morgan Stanley upgraded shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price for the company in a research report on Monday, December 16th.
Check Out Our Latest Stock Analysis on BMA
Banco Macro Trading Down 1.1 %
The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $97.21 and a 200-day moving average price of $75.65. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 9.13 and a beta of 1.68.
Banco Macro (NYSE:BMA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 27th. The bank reported $1.51 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.70). Banco Macro had a return on equity of 26.55% and a net margin of 15.12%. As a group, sell-side analysts predict that Banco Macro S.A. will post 7.87 EPS for the current year.
Institutional Investors Weigh In On Banco Macro
A number of institutional investors and hedge funds have recently modified their holdings of the stock. TT International Asset Management LTD lifted its stake in Banco Macro by 86.6% in the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock worth $110,411,000 after acquiring an additional 529,610 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Banco Macro by 72.3% in the 2nd quarter. Marshall Wace LLP now owns 165,558 shares of the bank's stock valued at $9,491,000 after purchasing an additional 69,494 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Banco Macro by 351.0% in the third quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank's stock worth $3,259,000 after purchasing an additional 39,947 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Banco Macro during the third quarter worth approximately $971,000. Finally, Point72 Asset Management L.P. purchased a new position in Banco Macro during the third quarter valued at approximately $826,000.
Banco Macro Company Profile
(
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Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.
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