101,013 Shares in Macro Bank Inc. $BMA Acquired by Absolute Gestao de Investimentos Ltda.

Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Macro Bank Inc. (NYSE:BMA) in the 1st quarter, HoldingsChannel.com reports. The firm bought 101,013 shares of the bank’s stock, valued at approximately $7,815,000. Macro Bank accounts for about 0.9% of Absolute Gestao de Investimentos Ltda.’s portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. PointState Capital LP increased its stake in Macro Bank by 266.9% in the 4th quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock worth $77,311,000 after purchasing an additional 623,755 shares in the last quarter. Millennium Management LLC lifted its stake in Macro Bank by 100.7% during the third quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock valued at $24,325,000 after buying an additional 288,614 shares in the last quarter. Fundamenta Capital S.A. acquired a new position in shares of Macro Bank in the fourth quarter worth about $17,130,000. Verition Fund Management LLC boosted its holdings in shares of Macro Bank by 1,060.6% in the fourth quarter. Verition Fund Management LLC now owns 138,760 shares of the bank’s stock worth $12,511,000 after buying an additional 126,804 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Macro Bank by 4,089.3% in the second quarter. Marshall Wace LLP now owns 120,191 shares of the bank’s stock worth $8,439,000 after acquiring an additional 117,322 shares in the last quarter.

Macro Bank Price Performance

NYSE BMA opened at $89.06 on Friday. Macro Bank Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $106.15. The stock’s 50-day moving average is $89.64 and its two-hundred day moving average is $84.86. The firm has a market cap of $5.69 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 0.57 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.08 and a quick ratio of 1.08.

Macro Bank (NYSE:BMA) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate that Macro Bank Inc. will post 5.2 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd were paid a $0.5296 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Tuesday, June 2nd. Macro Bank’s payout ratio is presently 128.84%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BMA shares. Weiss Ratings raised shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on Macro Bank from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Wall Street Zen raised Macro Bank from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Finally, HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Macro Bank currently has a consensus rating of “Buy” and an average 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.