Banco Macro S.A. (NYSE:BMA) Short Interest Update

Banco Macro S.A. (NYSE:BMA - Get Free Report) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 325,200 shares, an increase of 42.6% from the May 15th total of 228,000 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 357,600 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BMA. JPMorgan Chase & Co. lifted their price objective on Banco Macro from $78.00 to $89.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Itau BBA Securities initiated coverage on shares of Banco Macro in a report on Tuesday, May 20th. They set a "market perform" rating and a $85.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $62.13.

Banco Macro Price Performance

Shares of NYSE BMA traded down $0.65 during mid-day trading on Monday, reaching $73.54. The company's stock had a trading volume of 166,722 shares, compared to its average volume of 319,780. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. Banco Macro has a 52 week low of $42.23 and a 52 week high of $118.42. The stock has a fifty day moving average of $86.14 and a two-hundred day moving average of $90.20. The firm has a market capitalization of $4.70 billion, a PE ratio of 6.45 and a beta of 1.68.

Banco Macro (NYSE:BMA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The bank reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $1.76 by ($1.11). Banco Macro had a return on equity of 26.55% and a net margin of 15.12%. The business had revenue of $759.36 million during the quarter, compared to analysts' expectations of $837.49 billion. As a group, sell-side analysts anticipate that Banco Macro will post 7.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco Macro

Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Banco Macro by 6.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,464 shares of the bank's stock valued at $43,227,000 after buying an additional 33,390 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Banco Macro by 136.1% during the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock valued at $55,188,000 after acquiring an additional 328,800 shares during the last quarter. Duquesne Family Office LLC grew its holdings in shares of Banco Macro by 14.5% in the fourth quarter. Duquesne Family Office LLC now owns 485,430 shares of the bank's stock valued at $46,970,000 after purchasing an additional 61,300 shares in the last quarter. PointState Capital LP increased its position in Banco Macro by 25.1% in the fourth quarter. PointState Capital LP now owns 339,020 shares of the bank's stock worth $32,804,000 after purchasing an additional 68,096 shares during the last quarter. Finally, Axiom Investors LLC DE raised its position in shares of Banco Macro by 72.8% during the 4th quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank's stock valued at $29,317,000 after buying an additional 127,678 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.

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