Banco Macro S.A. (NYSE:BMA - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $92.17, but opened at $88.84. Banco Macro shares last traded at $90.81, with a volume of 101,253 shares traded.
Wall Street Analyst Weigh In
Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price target on the stock in a research report on Monday, December 16th.
View Our Latest Stock Analysis on BMA
Banco Macro Stock Down 4.3 %
The firm has a 50-day moving average price of $101.31 and a two-hundred day moving average price of $81.07. The company has a market capitalization of $5.73 billion, a P/E ratio of 7.86 and a beta of 1.67. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13.
Banco Macro (NYSE:BMA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 27th. The bank reported $1.51 earnings per share for the quarter, missing analysts' consensus estimates of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. Equities research analysts anticipate that Banco Macro S.A. will post 7.84 EPS for the current fiscal year.
Hedge Funds Weigh In On Banco Macro
Several institutional investors and hedge funds have recently added to or reduced their stakes in BMA. Blue Trust Inc. raised its holdings in Banco Macro by 118.3% in the 3rd quarter. Blue Trust Inc. now owns 714 shares of the bank's stock valued at $45,000 after acquiring an additional 387 shares in the last quarter. X Square Capital LLC acquired a new position in Banco Macro in the 3rd quarter valued at approximately $445,000. Diversify Wealth Management LLC raised its holdings in Banco Macro by 4.3% in the 3rd quarter. Diversify Wealth Management LLC now owns 16,657 shares of the bank's stock valued at $1,058,000 after acquiring an additional 693 shares in the last quarter. NorthRock Partners LLC acquired a new position in Banco Macro in the 3rd quarter valued at approximately $381,000. Finally, Sigma Planning Corp raised its holdings in Banco Macro by 6.7% in the 3rd quarter. Sigma Planning Corp now owns 6,275 shares of the bank's stock valued at $398,000 after acquiring an additional 395 shares in the last quarter.
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.
See Also
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