Macro Bank Inc. $BMA Shares Bought by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. raised its holdings in Macro Bank Inc. (NYSE:BMA) by 58.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,477 shares of the bank’s stock after buying an additional 17,541 shares during the period. Banco BTG Pactual S.A. owned approximately 0.07% of Macro Bank worth $4,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BMA. Advisory Services Network LLC purchased a new position in Macro Bank in the 3rd quarter valued at approximately $46,000. SBI Securities Co. Ltd. boosted its position in Macro Bank by 43.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after buying an additional 214 shares during the period. Van ECK Associates Corp purchased a new position in Macro Bank in the 3rd quarter valued at approximately $72,000. Advisors Preferred LLC purchased a new position in Macro Bank in the 3rd quarter valued at approximately $117,000. Finally, Aquatic Capital Management LLC purchased a new position in Macro Bank in the 3rd quarter valued at approximately $151,000.

Macro Bank Trading Up 11.6%

NYSE BMA opened at $97.85 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s fifty day moving average price is $79.24 and its 200 day moving average price is $83.47. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42. Macro Bank Inc. has a 12 month low of $38.30 and a 12 month high of $106.15.

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

Macro Bank Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were given a $0.5296 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, June 2nd. Macro Bank’s dividend payout ratio (DPR) is 134.04%.

Analyst Ratings Changes

BMA has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a research report on Friday, March 27th. Zacks Research raised shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. The Goldman Sachs Group lowered their target price on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, HSBC upgraded 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 note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Macro Bank has an average rating of “Moderate Buy” and an average price target 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.