Monaco Asset Management SAM Grows Stock Holdings in Macro Bank Inc. $BMA

Monaco Asset Management SAM lifted its stake in shares of Macro Bank Inc. (NYSE:BMA) by 536.2% during the third quarter, HoldingsChannel.com reports. The fund owned 82,700 shares of the bank’s stock after buying an additional 69,700 shares during the quarter. Monaco Asset Management SAM’s holdings in Macro Bank were worth $3,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin Edwards Inc. bought a new position in shares of Macro Bank during the 3rd quarter worth $254,000. ABS Direct Equity Fund LLC raised its holdings in shares of Macro Bank by 726.8% in the third quarter. ABS Direct Equity Fund LLC now owns 30,550 shares of the bank’s stock valued at $1,292,000 after acquiring an additional 26,855 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Macro Bank in the third quarter worth about $992,000. Marex Group plc bought a new stake in shares of Macro Bank in the 2nd quarter valued at about $1,018,000. Finally, Fiera Capital Corp bought a new position in shares of Macro Bank during the second quarter valued at approximately $5,020,000.

Macro Bank Trading Up 1.2%

NYSE:BMA opened at $92.20 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $92.64 and a 200-day simple moving average of $75.02. Macro Bank Inc. has a 12 month low of $38.30 and a 12 month high of $106.15. The company has a market capitalization of $5.89 billion, a P/E ratio of 41.72, a PEG ratio of 1.36 and a beta of 1.46.

Macro Bank (NYSE:BMA) last issued its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.06). The firm had revenue of $625.90 million for the quarter, compared to analyst estimates of $590.57 million. Macro Bank had a return on equity of 8.15% and a net margin of 6.11%. On average, equities research analysts anticipate that Macro Bank Inc. will post 7.84 earnings per share for the current year.

Macro Bank Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th will be paid a dividend of $0.3822 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Thursday, February 19th. This is a positive change from Macro Bank’s previous monthly dividend of $0.36. Macro Bank’s dividend payout ratio (DPR) is presently 207.69%.

Analysts Set New Price Targets

BMA has been the subject of several recent research reports. Itau BBA Securities raised Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. The Goldman Sachs Group upgraded shares of Macro Bank to a “strong-buy” rating in a report on Monday, November 10th. Wall Street Zen cut shares of Macro Bank from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research downgraded shares of Macro Bank from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Macro Bank from $79.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.75.

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.