Burns Matteson Capital Management LLC Makes New Investment in Banco Macro S.A. (NYSE:BMA)

Burns Matteson Capital Management LLC acquired a new stake in shares of Banco Macro S.A. (NYSE:BMA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,055 shares of the bank’s stock, valued at approximately $199,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Activest Wealth Management purchased a new stake in Banco Macro in the fourth quarter valued at approximately $981,000. Yorktown Management & Research Co Inc acquired a new position in shares of Banco Macro in the 4th quarter valued at $493,000. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Banco Macro during the 4th quarter valued at $207,000. JGP Global Gestao de Recursos Ltda. acquired a new stake in shares of Banco Macro during the 4th quarter worth $834,000. Finally, Blue Trust Inc. increased its holdings in shares of Banco Macro by 171.6% during the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock worth $188,000 after buying an additional 1,225 shares during the last quarter.

Analysts Set New Price Targets

Separately, Morgan Stanley raised Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price target for the company in a research report on Monday, December 16th.

Banco Macro Trading Down 6.0 %

Shares of BMA stock opened at $93.21 on Monday. 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 S.A. has a fifty-two week low of $28.68 and a fifty-two week high of $118.42. The firm’s 50 day moving average price is $100.29 and its two-hundred day moving average price is $78.70. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 8.17 and a beta of 1.67.

Banco Macro (NYSE:BMA) last posted its earnings results on Wednesday, November 27th. The bank reported $1.51 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. On average, analysts anticipate that Banco Macro S.A. will post 7.87 EPS for the current year.

Banco Macro 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.