Shilanski & Associates Inc. Acquires Shares of 4,661 Banco Macro S.A. (NYSE:BMA)

Shilanski & Associates Inc. bought a new stake in Banco Macro S.A. (NYSE:BMA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,661 shares of the bank’s stock, valued at approximately $451,000.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. raised its stake in Banco Macro by 118.3% during the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock valued at $45,000 after buying an additional 387 shares in the last quarter. GAMMA Investing LLC raised its position 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. NorthRock Partners LLC bought a new position in Banco Macro during the third quarter worth $381,000. Sigma Planning Corp boosted its holdings in Banco Macro by 6.7% in the third quarter. Sigma Planning Corp now owns 6,275 shares of the bank’s stock worth $398,000 after purchasing an additional 395 shares during the period. Finally, Jane Street Group LLC bought a new stake in Banco Macro during the third quarter valued at $421,000.

Banco Macro Trading Down 3.1 %

Banco Macro stock opened at $105.40 on Friday. The firm has a 50-day moving average price of $96.21 and a two-hundred day moving average price of $74.96. Banco Macro S.A. has a 52-week low of $28.68 and a 52-week high of $118.42. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 9.24 and a beta of 1.68. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13.

Banco Macro (NYSE:BMA) last issued its quarterly earnings data on Wednesday, November 27th. The bank reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.70). Banco Macro had a return on equity of 26.55% and a net margin of 15.12%. Sell-side analysts expect that Banco Macro S.A. will post 7.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BMA shares. Morgan Stanley upgraded shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price objective on the stock in a research note on Monday, December 16th. StockNews.com cut Banco Macro from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th.

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.