Banco Macro (NYSE:BMA) Sets New 1-Year High – Here’s What Happened

Shares of Banco Macro S.A. (NYSE:BMA) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $110.00 and last traded at $109.17, with a volume of 432807 shares. The stock had previously closed at $96.76.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com cut Banco Macro from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Morgan Stanley raised shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price target on the stock in a report on Monday, December 16th.

Banco Macro Trading Up 1.5 %

The business’s fifty day moving average price is $87.73 and its 200 day moving average price is $69.98. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $7.08 billion, a PE ratio of 9.71 and a beta of 1.68.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BMA. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 387 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Banco Macro in the 2nd quarter valued at $51,000. GAMMA Investing LLC lifted its holdings in shares of Banco Macro by 136.1% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock valued at $76,000 after acquiring an additional 452 shares in the last quarter. Headlands Technologies LLC boosted its position in Banco Macro by 262.0% during the 2nd quarter. Headlands Technologies LLC now owns 2,483 shares of the bank’s stock worth $142,000 after purchasing an additional 1,797 shares during the period. Finally, Beverly Hills Private Wealth LLC increased its holdings in Banco Macro by 6.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 5,505 shares of the bank’s stock valued at $316,000 after purchasing an additional 323 shares in 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.