JPMorgan Chase & Co. Buys 34,036 Shares of Macro Bank Inc. $BMA

JPMorgan Chase & Co. increased its stake in Macro Bank Inc. (NYSE:BMA) by 42.6% during the third quarter, HoldingsChannel reports. The firm owned 113,983 shares of the bank’s stock after acquiring an additional 34,036 shares during the period. JPMorgan Chase & Co.’s holdings in Macro Bank were worth $4,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC purchased a new position in Macro Bank in the third quarter valued at approximately $46,000. Van ECK Associates Corp purchased a new stake in Macro Bank in the third quarter worth $72,000. Advisors Preferred LLC bought a new stake in shares of Macro Bank in the third quarter valued at $117,000. Aquatic Capital Management LLC bought a new stake in shares of Macro Bank in the third quarter valued at $151,000. Finally, HUB Investment Partners LLC lifted its position in shares of Macro Bank by 13.4% during the 2nd quarter. HUB Investment Partners LLC now owns 3,828 shares of the bank’s stock valued at $269,000 after buying an additional 452 shares during the last quarter.

Macro Bank Price Performance

Macro Bank stock opened at $77.42 on Friday. The firm has a market capitalization of $4.95 billion, a P/E ratio of 23.53, a PEG ratio of 0.61 and a beta of 1.52. Macro Bank Inc. has a one year low of $38.30 and a one year high of $106.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.16. The business has a fifty day moving average price of $82.47 and a 200-day moving average price of $77.45.

Macro Bank (NYSE:BMA) last released its quarterly earnings data on Saturday, February 14th. The bank reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $312.24 million for the quarter. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%. As a group, equities research analysts forecast that Macro Bank Inc. will post 7.84 EPS for the current year.

Macro Bank Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 20th were issued a dividend of $0.4007 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Friday, March 20th. This is a boost from Macro Bank’s previous monthly dividend of $0.38. Macro Bank’s payout ratio is presently 146.20%.

Analyst Ratings Changes

Several research firms have recently weighed in on BMA. Wall Street Zen upgraded Macro Bank from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. The Goldman Sachs Group lowered their price objective on Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a report on Friday, March 27th. Zacks Research lowered shares of Macro Bank from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Finally, HSBC downgraded shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Monday, December 15th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Macro Bank currently has an average rating of “Hold” and a consensus target price of $102.60.

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.