Macro Bank Inc. $BMA Shares Acquired by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. boosted its position in shares of Macro Bank Inc. (NYSE:BMA) by 69.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,718 shares of the bank’s stock after buying an additional 23,285 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Macro Bank were worth $2,399,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in Macro Bank in the first quarter worth about $704,000. Jones Financial Companies Lllp lifted its holdings in Macro Bank by 271,350.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock valued at $410,000 after acquiring an additional 5,427 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Macro Bank by 47.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank’s stock valued at $5,045,000 after purchasing an additional 21,613 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Macro Bank by 106.5% during the 1st quarter. Jane Street Group LLC now owns 13,705 shares of the bank’s stock valued at $1,035,000 after purchasing an additional 7,067 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Macro Bank by 16.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,747 shares of the bank’s stock worth $2,299,000 after purchasing an additional 4,716 shares during the last quarter.

Analyst Upgrades and Downgrades

BMA has been the topic of a number of research reports. UBS Group assumed coverage on shares of Macro Bank in a report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 target price on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Macro Bank in a report on Monday, December 29th. The Goldman Sachs Group decreased their price target on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Wall Street Zen raised Macro Bank from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Finally, Zacks Research downgraded Macro Bank from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.60.

Macro Bank Stock Performance

Shares of BMA stock opened at $70.20 on Friday. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 0.37 and a beta of 1.51. Macro Bank Inc. has a 1-year low of $38.30 and a 1-year high of $106.15. The company has a current ratio of 1.11, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $90.62 and its 200-day simple moving average is $75.55.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data on Thursday, February 26th. The bank reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.60. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%.The firm had revenue of $708.92 million during the quarter, compared to the consensus estimate of $739.97 million. On average, sell-side analysts predict that Macro Bank Inc. will post 7.84 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th were issued a $0.3822 dividend. The ex-dividend date was Thursday, February 19th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. This is a positive change from Macro Bank’s previous monthly dividend of $0.36. Macro Bank’s dividend payout ratio is currently 139.51%.

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.