Banco Macro S.A. (BMA) Reaches $81.89 After 6.00% Up Move; Redwood Trust (RWT) Sentiment Is 1.02

May 17, 2018 - By Linda Rogers

Banco Macro S.A. (NYSE:BMA) Logo

Redwood Trust Inc (RWT) investors sentiment increased to 1.02 in Q4 2017. It’s up 0.07, from 0.95 in 2017Q3. The ratio improved, as 61 institutional investors increased or started new stock positions, while 60 reduced and sold their holdings in Redwood Trust Inc. The institutional investors in our database now possess: 62.66 million shares, down from 63.50 million shares in 2017Q3. Also, the number of institutional investors holding Redwood Trust Inc in top ten stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 18 Reduced: 42 Increased: 42 New Position: 19.

The stock of Banco Macro S.A. (NYSE:BMA) is a huge mover today! The stock increased 3.14% or $2.49 during the last trading session, reaching $81.89. About 205,139 shares traded. Banco Macro S.A. (NYSE:BMA) has risen 28.16% since May 17, 2017 and is uptrending. It has outperformed by 16.61% the S&P500.The move comes after 7 months positive chart setup for the $5.95 billion company. It was reported on May, 17 by Barchart.com. We have $86.80 PT which if reached, will make NYSE:BMA worth $356.82 million more.

Banco Macro S.A. provides various banking services and products to individuals and corporate clients in Argentina. The company has market cap of $5.95 billion. It offers various retail services and products, 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. It has a 11.07 P/E ratio. The firm also provides personal loans, document discounts, mortgages, overdrafts, pledged loans, and credit card loans to retail customers.

Among 7 analysts covering Banco Macro SA (NYSE:BMA), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Banco Macro SA had 10 analyst reports since February 9, 2016 according to SRatingsIntel. Goldman Sachs downgraded Banco Macro S.A. (NYSE:BMA) on Monday, September 11 to “Hold” rating. Credit Suisse initiated it with “Neutral” rating and $71 target in Tuesday, March 29 report. The stock of Banco Macro S.A. (NYSE:BMA) earned “Buy” rating by Credit Suisse on Tuesday, June 13. The stock has “Buy” rating by Santander on Friday, May 11. The firm has “Buy” rating given on Monday, September 26 by Goldman Sachs. The stock has “Buy” rating by J.P. Morgan on Wednesday, May 9. The stock has “Neutral” rating by Citigroup on Monday, May 23. The stock of Banco Macro S.A. (NYSE:BMA) has “Neutral” rating given on Wednesday, June 1 by UBS. The firm has “Overweight” rating by JP Morgan given on Wednesday, May 9.

Weitz Investment Management Inc. holds 2.79% of its portfolio in Redwood Trust, Inc. for 4.52 million shares. White Pine Investment Co owns 330,635 shares or 2.42% of their US portfolio. Moreover, Hilton Capital Management Llc has 1.36% invested in the company for 609,237 shares. The Netherlands-based Kempen Capital Management N.V. has invested 1.06% in the stock. Doheny Asset Management Ca, a California-based fund reported 133,617 shares.

Another recent and important Redwood Trust, Inc. (NYSE:RWT) news was published by Seekingalpha.com which published an article titled: “Redwood Trust’s (RWT) CEO Martin Hughes on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018.

Redwood Trust, Inc., together with its subsidiaries, engages in mortgage banking activities in the United States. The company has market cap of $1.24 billion. The firm operates through three divisions: Residential Investments, Residential Mortgage Banking, and Commercial. It has a 10.22 P/E ratio. The Residential Investments segment offers a portfolio of investments in residential mortgage-backed securities retained from Sequoia securitizations and issued by third parties and other credit risk-related investments; residential loans held for investment; mortgage servicing rights associated with residential loans; and derivative financial instruments to manage risks associated with residential loans.

Analysts await Redwood Trust, Inc. (NYSE:RWT) to report earnings on August, 2. They expect $0.36 EPS, up 2.86% or $0.01 from last year’s $0.35 per share. RWT’s profit will be $27.25 million for 11.38 P/E if the $0.36 EPS becomes a reality. After $0.60 actual EPS reported by Redwood Trust, Inc. for the previous quarter, Wall Street now forecasts -40.00% negative EPS growth.

The stock decreased 0.24% or $0.04 during the last trading session, reaching $16.38. About 214,233 shares traded. Redwood Trust, Inc. (RWT) has declined 7.30% since May 17, 2017 and is downtrending. It has underperformed by 18.85% the S&P500.

Redwood Trust, Inc. (NYSE:RWT) Institutional Positions Chart

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