Macro Bank Inc. $BMA Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Macro Bank Inc. (NYSE:BMA) by 53.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 273,122 shares of the bank’s stock after acquiring an additional 95,014 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Macro Bank were worth $18,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BMA. Farther Finance Advisors LLC boosted its holdings in Macro Bank by 93.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 634 shares of the bank’s stock worth $42,000 after buying an additional 306 shares during the period. NewEdge Advisors LLC bought a new stake in Macro Bank during the 2nd quarter valued at $310,000. Squarepoint Ops LLC lifted its position in shares of Macro Bank by 36.7% during the second quarter. Squarepoint Ops LLC now owns 4,623 shares of the bank’s stock worth $428,000 after acquiring an additional 1,242 shares in the last quarter. Deltec Asset Management LLC lifted its position in shares of Macro Bank by 51.8% during the first quarter. Deltec Asset Management LLC now owns 12,600 shares of the bank’s stock worth $975,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Titan Global Capital Management USA LLC boosted its stake in Macro Bank by 5.5% in the 1st quarter. Titan Global Capital Management USA LLC now owns 13,276 shares of the bank’s stock worth $1,027,000 after purchasing an additional 690 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Itau BBA Securities cut shares of Macro Bank from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 3rd. Wall Street Zen cut shares of Macro Bank from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. UBS Group cut their price target on shares of Macro Bank from $130.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Finally, Weiss Ratings lowered shares of Macro Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.25.

Macro Bank Stock Performance

NYSE:BMA opened at $65.96 on Friday. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.28 and a beta of 1.37. The business has a 50 day moving average of $71.95 and a 200 day moving average of $80.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.10 and a quick ratio of 1.08. Macro Bank Inc. has a 1-year low of $56.52 and a 1-year high of $106.15.

Macro Bank (NYSE:BMA) last issued its quarterly earnings results on Thursday, August 20th. The bank reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.43. Macro Bank had a net margin of 5.95% and a return on equity of 8.65%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $946.46 million. On average, sell-side analysts predict that Macro Bank Inc. will post 8.35 earnings per share for the current fiscal year.

Macro Bank Company Profile

Banco Macro SA is an Argentine financial institution headquartered in Buenos Aires and listed on the New York Stock Exchange under the symbol BMA. The bank provides banking and financial services to individuals, small and medium-sized businesses, corporate customers and public-sector entities throughout Argentina.

Its offerings include deposit accounts, personal and commercial loans, credit and debit cards, insurance, investment and cash-management products, foreign-exchange services and electronic banking.