D.A. Davidson & CO. Invests $284,000 in Banco Macro S.A. (NYSE:BMA)

D.A. Davidson & CO. purchased a new stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,938 shares of the bank's stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Truist Financial Corp acquired a new stake in shares of Banco Macro in the fourth quarter worth $252,000. Nkcfo LLC bought a new stake in Banco Macro in the 4th quarter valued at $677,000. Burns Matteson Capital Management LLC acquired a new stake in Banco Macro in the 4th quarter worth $199,000. Activest Wealth Management bought a new position in shares of Banco Macro during the 4th quarter worth about $981,000. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of Banco Macro during the fourth quarter valued at about $493,000.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price on the stock in a research report on Monday, December 16th.

Banco Macro Stock Performance

Shares of NYSE BMA traded up $3.21 during trading hours on Friday, reaching $83.51. The stock had a trading volume of 455,502 shares, compared to its average volume of 372,636. Banco Macro S.A. has a twelve month low of $38.00 and a twelve month high of $118.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. The business's fifty day moving average is $99.71 and its two-hundred day moving average is $82.75. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 7.32 and a beta of 1.67.

Banco Macro (NYSE:BMA - Get Free Report) last released its quarterly earnings data on Wednesday, November 27th. The bank reported $1.51 EPS for the quarter, missing analysts' consensus estimates 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, research analysts expect that Banco Macro S.A. will post 7.84 EPS for the current year.

Banco Macro Profile

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.