X Square Capital LLC Has $3.03 Million Holdings in Macro Bank Inc. $BMA

X Square Capital LLC lifted its position in Macro Bank Inc. (NYSE:BMA) by 1,215.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,536 shares of the bank’s stock after purchasing an additional 66,096 shares during the quarter. Macro Bank accounts for 0.9% of X Square Capital LLC’s portfolio, making the stock its 28th largest position. X Square Capital LLC’s holdings in Macro Bank were worth $3,025,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BMA. Cape Ann Asset Management Ltd increased its holdings in Macro Bank by 66.2% in the 3rd quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock valued at $19,505,000 after buying an additional 183,700 shares during the period. Candriam S.C.A. acquired a new position in Macro Bank in the third quarter worth about $13,643,000. Sagil Capital LLP acquired a new position in Macro Bank in the second quarter worth about $10,094,000. Ping Capital Management Inc. boosted its holdings in Macro Bank by 1.7% during the third quarter. Ping Capital Management Inc. now owns 123,104 shares of the bank’s stock valued at $5,206,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Macro Bank by 4,089.3% in the 2nd quarter. Marshall Wace LLP now owns 120,191 shares of the bank’s stock valued at $8,439,000 after purchasing an additional 117,322 shares during the period.

Macro Bank Stock Performance

BMA stock opened at $92.20 on Monday. The company has a 50 day moving average price of $92.64 and a 200 day moving average price of $75.03. Macro Bank Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $106.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $5.89 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 1.38 and a beta of 1.46.

Macro Bank (NYSE:BMA) last released its earnings results on Wednesday, November 26th. The bank reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.67 by ($1.06). The firm had revenue of $625.90 million during the quarter, compared to analyst estimates of $590.57 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. Analysts forecast that Macro Bank Inc. will post 7.84 EPS for the current year.

Macro Bank Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th will be issued a dividend of $0.3822 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a c) annualized dividend and a yield of 5.0%. This is an increase 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

A number of analysts have weighed in on the company. UBS Group began coverage on Macro Bank in a research report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 price target on the stock. HSBC cut shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research note on Monday, December 15th. JPMorgan Chase & Co. lifted their target price on shares of Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Itau BBA Securities upgraded Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. Finally, Wall Street Zen downgraded Macro Bank from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Macro Bank currently has an average rating of “Moderate Buy” and a consensus price target of $103.75.

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.