Short Interest in Macro Bank Inc. (NYSE:BMA) Decreases By 22.7%

Macro Bank Inc. (NYSE:BMA) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 290,182 shares, a decline of 22.7% from the January 29th total of 375,467 shares. Based on an average daily trading volume, of 273,210 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the shares of the company are sold short. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 273,210 shares, the days-to-cover ratio is presently 1.1 days.

Macro Bank Stock Performance

Shares of Macro Bank stock opened at $76.50 on Monday. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.15 and a beta of 1.51. Macro Bank has a twelve month low of $38.30 and a twelve month high of $106.15. The company’s fifty day moving average is $92.31 and its 200 day moving average is $75.48. The company has a quick ratio of 1.16, a current ratio of 1.11 and a debt-to-equity ratio of 0.29.

Macro Bank (NYSE:BMA) last released its quarterly earnings results on Thursday, February 26th. The bank reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.60. The firm had revenue of $708.92 million for the quarter, compared to analyst estimates of $739.97 million. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%. Sell-side analysts forecast that Macro Bank will post 7.84 EPS for the current year.

Macro Bank Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th were issued a dividend of $0.3822 per share. This represents a c) annualized dividend and a yield of 6.0%. This is a positive change from Macro Bank’s previous monthly dividend of $0.36. The ex-dividend date of this dividend was Thursday, February 19th. Macro Bank’s dividend payout ratio is currently 139.51%.

Analyst Upgrades and Downgrades

BMA has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Macro Bank from a “sell” rating to a “hold” rating in a research note on Sunday. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a research report on Monday, November 10th. Citigroup upgraded Macro Bank from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Zacks Research lowered Macro Bank from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Finally, UBS Group began coverage on Macro Bank in a report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 price target for the company. One 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.75.

Institutional Trading of Macro Bank

Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its position in shares of Macro Bank by 43.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after buying an additional 214 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Macro Bank during the third quarter valued at about $46,000. Van ECK Associates Corp purchased a new position in shares of Macro Bank in the third quarter worth about $72,000. Mariner LLC bought a new stake in shares of Macro Bank in the 4th quarter valued at about $214,000. Finally, HRT Financial LP bought a new stake in shares of Macro Bank in the 4th quarter valued at about $237,000.

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.