Capital Wealth Planning LLC Buys New Shares in Macro Bank Inc. $BMA

Capital Wealth Planning LLC bought a new stake in Macro Bank Inc. (NYSE:BMA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 116,905 shares of the bank’s stock, valued at approximately $10,378,000. Capital Wealth Planning LLC owned 0.18% of Macro Bank at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BMA. Advisory Services Network LLC purchased a new position in Macro Bank in the third quarter valued at $46,000. SBI Securities Co. Ltd. lifted its holdings in Macro Bank by 43.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after buying an additional 214 shares during the last quarter. Van ECK Associates Corp purchased a new stake in Macro Bank during the 3rd quarter worth about $72,000. Advisors Preferred LLC purchased a new stake in Macro Bank during the 3rd quarter worth about $117,000. Finally, Aquatic Capital Management LLC purchased a new stake in Macro Bank during the 3rd quarter worth about $151,000.

Macro Bank Stock Down 0.4%

Shares of NYSE BMA opened at $87.63 on Thursday. The business has a 50-day moving average of $78.83 and a two-hundred day moving average of $83.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.11. Macro Bank Inc. has a 1 year low of $38.30 and a 1 year high of $106.15. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42.

Macro Bank (NYSE:BMA) last posted its earnings results on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%.The business had revenue of $412.19 million for the quarter, compared to analysts’ expectations of $837.76 million. On average, analysts forecast that Macro Bank Inc. will post 5.2 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.5296 per share. The ex-dividend date was Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. Macro Bank’s payout ratio is 134.04%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BMA shares. Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group decreased their price target on Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a report on Friday, March 27th. HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, May 5th. Finally, Wall Street Zen raised Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Macro Bank 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.