Fiera Capital Corp Invests $5.02 Million in Macro Bank Inc. $BMA

Fiera Capital Corp purchased a new stake in shares of Macro Bank Inc. (NYSE:BMA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 71,498 shares of the bank’s stock, valued at approximately $5,020,000. Fiera Capital Corp owned approximately 0.11% of Macro Bank at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BMA. SBI Securities Co. Ltd. lifted its position in shares of Macro Bank by 19.0% during the first quarter. SBI Securities Co. Ltd. now owns 775 shares of the bank’s stock worth $59,000 after acquiring an additional 124 shares in the last quarter. Burns Matteson Capital Management LLC grew its holdings in Macro Bank by 30.4% during the 1st quarter. Burns Matteson Capital Management LLC now owns 2,679 shares of the bank’s stock valued at $202,000 after buying an additional 624 shares in the last quarter. Deuterium Capital Management LLC purchased a new stake in shares of Macro Bank in the first quarter worth about $218,000. Militia Capital Partners LP boosted its position in shares of Macro Bank by 70.4% in the first quarter. Militia Capital Partners LP now owns 3,460 shares of the bank’s stock valued at $261,000 after acquiring an additional 1,430 shares during the period. Finally, Monaco Asset Management SAM bought a new stake in Macro Bank during the 1st quarter worth approximately $302,000.

Macro Bank Stock Down 0.2%

Shares of NYSE BMA opened at $82.96 on Friday. The stock has a market capitalization of $5.30 billion, a P/E ratio of 20.19, a PEG ratio of 1.59 and a beta of 1.57. Macro Bank Inc. has a one year low of $38.30 and a one year high of $118.42. The firm’s 50 day simple moving average is $58.89 and its two-hundred day simple moving average is $69.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.13 and a quick ratio of 1.13.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data on Wednesday, August 27th. The bank reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.04). The business had revenue of $834.78 million during the quarter, compared to analysts’ expectations of $752.51 million. Macro Bank had a net margin of 8.32% and a return on equity of 10.99%. As a group, analysts expect that Macro Bank Inc. will post 7.84 EPS for the current fiscal year.

Macro Bank Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 17th will be issued a dividend of $0.3486 per share. The ex-dividend date is Monday, November 17th. This represents a c) annualized dividend and a yield of 5.0%. This is a boost from Macro Bank’s previous monthly dividend of $0.31. Macro Bank’s dividend payout ratio (DPR) is currently 101.70%.

Analysts Set New Price Targets

A number of research firms have recently commented on BMA. Weiss Ratings restated a “hold (c-)” rating on shares of Macro Bank in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Itau BBA Securities upgraded shares of Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. Hsbc Global Res raised shares of Macro Bank to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Zacks Research cut shares of Macro Bank from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $74.38.

Macro Bank Company Profile

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.