Banco Macro S.A. (NYSE:BMA – Get Score) noticed a big enhance briefly curiosity through the month of November. As of November thirtieth, there was quick curiosity totalling 616,700 shares, a rise of 14.5% from the November fifteenth complete of 538,700 shares. Primarily based on a median buying and selling quantity of 193,200 shares, the days-to-cover ratio is at the moment 3.2 days.
Institutional Buying and selling of Banco Macro
Quite a few giant buyers have not too long ago modified their holdings of BMA. Eaton Vance Administration purchased a brand new stake in shares of Banco Macro through the 1st quarter valued at about $3,724,000. Verition Fund Administration LLC purchased a brand new stake in shares of Banco Macro through the 1st quarter valued at about $2,595,000. Arrowstreet Capital Restricted Partnership boosted its place in shares of Banco Macro by 77.1% through the 1st quarter. Arrowstreet Capital Restricted Partnership now owns 163,609 shares of the financial institution’s inventory valued at $2,830,000 after buying a further 71,205 shares over the last quarter. Renaissance Applied sciences LLC boosted its place in shares of Banco Macro by 362.3% through the third quarter. Renaissance Applied sciences LLC now owns 55,472 shares of the financial institution’s inventory valued at $792,000 after buying a further 43,472 shares over the last quarter. Lastly, BNP Paribas Arbitrage SNC boosted its place in shares of Banco Macro by 58.9% through the third quarter. BNP Paribas Arbitrage SNC now owns 96,458 shares of the financial institution’s inventory valued at $1,376,000 after buying a further 35,770 shares over the last quarter. Institutional buyers personal 5.52% of the corporate’s inventory.
Banco Macro Value Efficiency
BMA inventory traded down $0.02 throughout mid-day buying and selling on Friday, reaching $13.43. 132,062 shares of the corporate traded palms, in comparison with its common quantity of 234,927. The corporate has a debt-to-equity ratio of 0.15, a present ratio of 0.71 and a fast ratio of 0.79. The corporate has a market capitalization of $858.73 million, a P/E ratio of three.41 and a beta of 1.26. Banco Macro has a 52-week low of $9.72 and a 52-week excessive of $18.05. The corporate has a fifty day transferring common worth of $14.01 and a 200-day transferring common worth of $13.64.
Banco Macro (NYSE:BMA – Get Score) final posted its earnings outcomes on Wednesday, November twenty third. The financial institution reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.36. The enterprise had income of $603.16 million through the quarter, in comparison with analyst estimates of $432.36 million. Banco Macro had a return on fairness of 9.37% and a web margin of seven.53%. As a bunch, analysts anticipate that Banco Macro will submit 3.35 earnings per share for the present 12 months.
Banco Macro Cuts Dividend
The enterprise additionally not too long ago introduced a month-to-month dividend, which was paid on Friday, December 2nd. Shareholders of file on Friday, November twenty fifth have been issued a dividend of $0.0787 per share. This represents a $0.94 dividend on an annualized foundation and a yield of seven.03%. The ex-dividend date of this dividend was Wednesday, November twenty third. Banco Macro’s payout ratio is presently 23.86%.
Wall Road Analyst Weigh In
A number of equities analysis analysts not too long ago weighed in on BMA shares. TheStreet raised Banco Macro from a “c” score to a “b-” score in a report on Friday, September sixteenth. StockNews.com raised Banco Macro from a “maintain” score to a “purchase” score in a report on Friday, November twenty fifth.
About Banco Macro
(Get Score)
Banco Macro SA supplies numerous banking services to retail and company clients in Argentina. It gives numerous retail banking services, similar to financial savings and checking accounts, time deposits, credit score and debit playing cards, shopper finance loans, mortgage loans, car loans, overdrafts, credit-related providers, house and automotive insurance coverage protection, tax assortment, utility funds, automated teller machines (ATMs), and cash transfers.
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