Somewhat Positive News Coverage Somewhat Unlikely to Affect Banco Macro (BMA) Stock Price

News stories about Banco Macro (NYSE:BMA) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Banco Macro earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.808870401498 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Banco Macro (NYSE:BMA) opened at $116.11 on Thursday. Banco Macro has a fifty-two week low of $71.14 and a fifty-two week high of $136.10. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.18. The firm has a market cap of $7,606.37, a PE ratio of 14.85, a PEG ratio of 1.94 and a beta of 1.25.

Banco Macro (NYSE:BMA) last issued its quarterly earnings results on Wednesday, November 8th. The bank reported $2.24 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.09). Banco Macro had a net margin of 19.37% and a return on equity of 26.26%. research analysts anticipate that Banco Macro will post 10.06 earnings per share for the current year.

A number of research firms have commented on BMA. UBS Group downgraded shares of Banco Macro from an “outperform” rating to a “market perform” rating in a research report on Friday, November 24th. Santander upgraded shares of Banco Macro from an “underperform” rating to a “hold” rating in a research note on Wednesday, December 6th. ValuEngine cut shares of Banco Macro from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut shares of Banco Macro from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $112.35.

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About Banco Macro

Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.

Insider Buying and Selling by Quarter for Banco Macro (NYSE:BMA)

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