Hsbc Holdings PLC Grows Position in Macro Bank Inc. $BMA

Hsbc Holdings PLC increased its holdings in Macro Bank Inc. (NYSE:BMA) by 85.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 37,228 shares of the bank’s stock after buying an additional 17,185 shares during the quarter. Hsbc Holdings PLC’s holdings in Macro Bank were worth $3,315,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Advisory Services Network LLC bought a new position in shares of Macro Bank during the 3rd quarter valued at $46,000. SBI Securities Co. Ltd. increased its position in Macro Bank by 43.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after acquiring an additional 214 shares during the last quarter. Van ECK Associates Corp bought a new position in Macro Bank in the third quarter valued at about $72,000. Aquatic Capital Management LLC bought a new position in Macro Bank in the third quarter valued at about $151,000. Finally, Mariner LLC purchased a new position in Macro Bank in the fourth quarter worth about $214,000.

Macro Bank Stock Performance

Shares of BMA opened at $94.76 on Friday. The business has a 50-day simple moving average of $85.81 and a two-hundred day simple moving average of $84.74. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.27. Macro Bank Inc. has a 52 week low of $38.30 and a 52 week high of $106.15. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 0.58 and a beta of 1.43.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data on Thursday, May 28th. The bank reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. The company had revenue of $412.19 million during the quarter, compared to the consensus estimate of $837.75 million. Macro Bank had a return on equity of 8.42% and a net margin of 5.81%. On average, analysts expect that Macro Bank Inc. will post 5.2 EPS for the current year.

Macro Bank Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $0.5296 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a c) annualized dividend and a yield of 6.7%. Macro Bank’s payout ratio is currently 128.84%.

Wall Street Analysts Forecast Growth

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

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.