Banco Macro (NYSE:BMA) Shares Down 3.6% – Time to Sell?

Shares of Banco Macro S.A. (NYSE:BMA) fell 3.6% during trading on Friday . The stock traded as low as $102.31 and last traded at $101.53. 114,423 shares were traded during mid-day trading, a decline of 70% from the average session volume of 382,181 shares. The stock had previously closed at $105.32.

Analyst Ratings Changes

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

Banco Macro Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 9.13 and a beta of 1.68. The firm has a fifty day moving average price of $97.21 and a 200 day moving average price of $75.65.

Banco Macro (NYSE:BMA) last released its earnings results 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 net margin of 15.12% and a return on equity of 26.55%. As a group, sell-side analysts expect that Banco Macro S.A. will post 7.87 EPS for the current fiscal year.

Institutional Trading of Banco Macro

A number of institutional investors have recently added to or reduced their stakes in BMA. TT International Asset Management LTD boosted its position in Banco Macro by 86.6% during the fourth quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock worth $110,411,000 after purchasing an additional 529,610 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Banco Macro in the 4th quarter worth about $735,000. Jane Street Group LLC acquired a new stake in Banco Macro in the 3rd quarter valued at about $421,000. Point72 Asset Management L.P. purchased a new position in Banco Macro during the 3rd quarter valued at about $826,000. Finally, Marshall Wace LLP raised its position in Banco Macro by 72.3% during the second quarter. Marshall Wace LLP now owns 165,558 shares of the bank’s stock worth $9,491,000 after acquiring an additional 69,494 shares during the last quarter.

Banco Macro Company 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.