Deprince Race & Zollo Inc. Buys 6,015 Shares of Macro Bank Inc. $BMA

Deprince Race & Zollo Inc. increased its stake in shares of Macro Bank Inc. (NYSE:BMA) by 14.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 48,541 shares of the bank’s stock after acquiring an additional 6,015 shares during the period. Deprince Race & Zollo Inc. owned 0.08% of Macro Bank worth $3,756,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BMA. SBI Securities Co. Ltd. lifted its holdings in Macro Bank by 43.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after purchasing an additional 214 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Macro Bank in the third quarter valued at approximately $46,000. Van ECK Associates Corp bought a new position in shares of Macro Bank in the third quarter valued at approximately $72,000. Mariner LLC bought a new position in shares of Macro Bank in the fourth quarter valued at approximately $214,000. Finally, HRT Financial LP acquired a new stake in shares of Macro Bank in the fourth quarter worth $237,000.

Macro Bank Stock Up 0.5%

BMA opened at $90.16 on Friday. The business has a 50 day moving average of $83.79 and a 200-day moving average of $84.57. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 0.57 and a beta of 1.43. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. Macro Bank Inc. has a 1-year low of $38.30 and a 1-year high of $106.15.

Macro Bank (NYSE:BMA) last announced its earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31. The business had revenue of $412.19 million for the quarter, compared to analyst estimates of $837.75 million. Macro Bank had a net margin of 5.81% and a return on equity of 8.42%. As a group, sell-side analysts anticipate that Macro Bank Inc. will post 5.2 earnings per share for the current year.

Macro Bank Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $0.5296 per share. The ex-dividend date was Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 7.0%. Macro Bank’s payout ratio is presently 134.04%.

Analyst Upgrades and Downgrades

BMA has been the subject of several recent analyst reports. Weiss Ratings raised shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Zacks Research upgraded shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. HSBC raised shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, JPMorgan Chase & Co. raised their price target on Macro Bank from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $111.25.

About Macro Bank

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.