Banco Macro (NYSE:BMA) Hits New 1-Year High at $67.11

Banco Macro S.A. (NYSE:BMA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $67.11 and last traded at $67.11, with a volume of 152269 shares trading hands. The stock had previously closed at $63.43.

Analyst Ratings Changes

Separately, StockNews.com raised Banco Macro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 30th.

Banco Macro Stock Performance

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.12 billion, a P/E ratio of 11.47 and a beta of 1.83. The business’s 50 day simple moving average is $48.40 and its two-hundred day simple moving average is $34.57.

Hedge Funds Weigh In On Banco Macro

A number of hedge funds have recently added to or reduced their stakes in BMA. Headlands Technologies LLC purchased a new stake in Banco Macro during the 1st quarter valued at $33,000. SG Americas Securities LLC bought a new stake in shares of Banco Macro during the 1st quarter valued at about $348,000. LSV Asset Management increased its position in shares of Banco Macro by 11.3% during the 1st quarter. LSV Asset Management now owns 64,000 shares of the bank’s stock valued at $3,084,000 after purchasing an additional 6,500 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Banco Macro in the 1st quarter worth approximately $854,000. Finally, Norden Group LLC purchased a new position in shares of Banco Macro in the first quarter worth approximately $261,000.

About Banco Macro

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 (ATMs), and money transfers.