Cape Ann Asset Management Ltd Grows Holdings in Macro Bank Inc. $BMA

Cape Ann Asset Management Ltd increased its stake in Macro Bank Inc. (NYSE:BMA) by 66.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 461,216 shares of the bank’s stock after buying an additional 183,700 shares during the quarter. Macro Bank comprises approximately 6.6% of Cape Ann Asset Management Ltd’s holdings, making the stock its 8th largest holding. Cape Ann Asset Management Ltd owned approximately 0.72% of Macro Bank worth $19,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Benjamin Edwards Inc. bought a new position in Macro Bank during the third quarter valued at $254,000. HUB Investment Partners LLC boosted its stake in shares of Macro Bank by 13.4% during the 2nd quarter. HUB Investment Partners LLC now owns 3,828 shares of the bank’s stock worth $269,000 after purchasing an additional 452 shares during the period. Deltec Asset Management LLC bought a new position in Macro Bank during the 3rd quarter valued at about $275,000. GAM Holding AG purchased a new stake in Macro Bank in the 2nd quarter worth about $336,000. Finally, SG Americas Securities LLC bought a new stake in Macro Bank in the second quarter worth about $361,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BMA shares. Zacks Research cut Macro Bank from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. HSBC downgraded Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Monday, December 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on shares of Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen downgraded shares of Macro Bank from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Macro Bank has a consensus rating of “Moderate Buy” and an average target price of $103.75.

Macro Bank Price Performance

Shares of BMA stock opened at $92.20 on Friday. Macro Bank Inc. has a twelve month low of $38.30 and a twelve month high of $106.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $92.64 and a two-hundred day simple moving average of $75.02. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 41.72, a P/E/G ratio of 1.36 and a beta of 1.46.

Macro Bank (NYSE:BMA) last announced its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.67 by ($1.06). Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. The firm had revenue of $625.90 million for the quarter, compared to analysts’ expectations of $590.57 million. On average, analysts predict that Macro Bank Inc. will post 7.84 EPS for the current fiscal year.

Macro Bank Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th will be given a $0.3822 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, February 19th. This is a boost from Macro Bank’s previous monthly dividend of $0.36. Macro Bank’s dividend payout ratio is currently 207.69%.

Macro Bank Company Profile

Macro Bank (NYSE: BMA) is the American depositary receipt program of Banco Macro SA, one of the largest privately owned banks in Argentina. Headquartered in Buenos Aires, the institution delivers a comprehensive suite of banking solutions to retail, corporate and agricultural customers across the country. Through its extensive branch network and digital platforms, Macro Bank aims to serve diverse client segments with tailored financial products and services.

The bank’s offerings span traditional deposit accounts—including checking, savings and term deposits—alongside payment and transaction services.