Alpine Global Management LLC Makes New $6.76 Million Investment in Macro Bank Inc. $BMA

Alpine Global Management LLC bought a new stake in shares of Macro Bank Inc. (NYSE:BMA) during the fourth quarter, HoldingsChannel.com reports. The fund bought 75,000 shares of the bank’s stock, valued at approximately $6,762,000. Macro Bank makes up about 1.2% of Alpine Global Management LLC’s holdings, making the stock its 16th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of BMA. SBI Securities Co. Ltd. lifted its stake in shares of 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 acquiring an additional 214 shares during the last quarter. Advisory Services Network LLC bought a new position in Macro Bank in the 3rd quarter valued at $46,000. Van ECK Associates Corp purchased a new stake in Macro Bank in the third quarter worth $72,000. Mariner LLC purchased a new stake in Macro Bank in the fourth quarter worth $214,000. Finally, HRT Financial LP purchased a new stake in Macro Bank in the fourth quarter worth $237,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BMA shares. Wall Street Zen raised shares of Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. HSBC raised shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, May 5th. The Goldman Sachs Group decreased their price objective on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Zacks Research raised shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. 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 stock. According to data from MarketBeat, Macro Bank has a consensus rating of “Buy” and an average target price of $108.25.

Macro Bank Price Performance

BMA opened at $101.66 on Friday. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 0.63 and a beta of 1.42. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.29. Macro Bank Inc. has a 12-month low of $38.30 and a 12-month high of $106.15. The business’s fifty day simple moving average is $81.46 and its 200-day simple moving average is $84.13.

Macro Bank (NYSE:BMA) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.31. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%.The firm had revenue of $412.19 million during the quarter, compared to the consensus estimate of $837.75 million. On average, equities research analysts anticipate that Macro Bank Inc. will post 5.2 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd were given a $0.5296 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Tuesday, June 2nd. Macro Bank’s dividend payout ratio is presently 134.04%.

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.