Banco Macro (NYSE:BMA) Stock Price Down 4%

Banco Macro S.A. (NYSE:BMA) traded down 4% on Friday . The stock traded as low as $17.49 and last traded at $17.61. 5,850 shares changed hands during trading, a decline of 98% from the average session volume of 320,602 shares. The stock had previously closed at $18.35.

Separately, Zacks Investment Research downgraded Banco Macro from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 14th.

The firm has a market capitalization of $1.18 billion, a P/E ratio of 4.20 and a beta of 1.29. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average price is $14.45.

Banco Macro (NYSE:BMA) last announced its quarterly earnings data on Wednesday, March 10th. The bank reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.27. Banco Macro had a return on equity of 15.07% and a net margin of 12.75%. The company had revenue of $343.37 million for the quarter, compared to the consensus estimate of $293.62 million. On average, research analysts anticipate that Banco Macro S.A. will post 3.18 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC increased its position in Banco Macro by 400.0% in the 4th quarter. Advisory Services Network LLC now owns 2,500 shares of the bank’s stock valued at $39,000 after buying an additional 2,000 shares in the last quarter. UBS Group AG increased its position in Banco Macro by 21.1% in the 1st quarter. UBS Group AG now owns 5,782 shares of the bank’s stock valued at $78,000 after buying an additional 1,008 shares in the last quarter. Barclays PLC increased its position in Banco Macro by 103.6% in the 1st quarter. Barclays PLC now owns 6,165 shares of the bank’s stock valued at $82,000 after buying an additional 3,137 shares in the last quarter. Marshall Wace LLP bought a new stake in Banco Macro during the 1st quarter worth approximately $98,000. Finally, FIL Ltd bought a new stake in Banco Macro during the 4th quarter worth approximately $158,000.

About Banco Macro (NYSE:BMA)

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.

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