Macro Bank Inc. $BMA Holdings Lowered by Militia Capital Partners LP

Militia Capital Partners LP trimmed its stake in shares of Macro Bank Inc. (NYSE:BMA) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,400 shares of the bank’s stock after selling 8,600 shares during the period. Macro Bank comprises about 1.2% of Militia Capital Partners LP’s holdings, making the stock its 15th biggest holding. Militia Capital Partners LP owned 0.05% of Macro Bank worth $3,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. lifted its holdings in shares of Macro Bank by 43.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after purchasing an additional 214 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Macro Bank in the 3rd quarter worth about $46,000. Van ECK Associates Corp purchased a new stake in Macro Bank in the 3rd quarter worth about $72,000. Mariner LLC purchased a new stake in Macro Bank in the 4th quarter worth about $214,000. Finally, HRT Financial LP purchased a new stake in Macro Bank in the 4th quarter worth about $237,000.

Macro Bank Stock Down 3.2%

BMA opened at $96.72 on Wednesday. Macro Bank Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $106.15. The business has a 50-day moving average of $80.49 and a 200-day moving average of $83.91. 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 company has a market capitalization of $6.18 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 0.64 and a beta of 1.42.

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

Macro Bank Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $0.5296 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. Macro Bank’s dividend payout ratio (DPR) is 134.04%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BMA. Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a research note on Friday, March 27th. HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, May 5th. Wall Street Zen raised Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, The Goldman Sachs Group reduced their price objective on Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.