Macro Bank Inc. $BMA Position Boosted by Cape Ann Asset Management Ltd

Cape Ann Asset Management Ltd lifted its stake in Macro Bank Inc. (NYSE:BMA) by 1.3% in the first quarter, Holdings Channel.com reports. The firm owned 470,908 shares of the bank’s stock after acquiring an additional 5,892 shares during the quarter. Macro Bank comprises 8.3% of Cape Ann Asset Management Ltd’s portfolio, making the stock its 6th largest holding. Cape Ann Asset Management Ltd’s holdings in Macro Bank were worth $36,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in Macro Bank by 43.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after buying an additional 214 shares during the period. HUB Investment Partners LLC boosted its stake in shares of Macro Bank by 13.4% during the 2nd quarter. HUB Investment Partners LLC now owns 3,828 shares of the bank’s stock valued at $269,000 after buying an additional 452 shares during the period. Titan Global Capital Management USA LLC boosted its stake in shares of Macro Bank by 5.5% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,276 shares of the bank’s stock valued at $1,027,000 after buying an additional 690 shares during the period. Advisory Services Network LLC purchased a new position in shares of Macro Bank during the 3rd quarter valued at $46,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Macro Bank by 1.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 85,228 shares of the bank’s stock valued at $5,984,000 after acquiring an additional 1,160 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the company. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of Macro Bank from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. upped their price objective on shares of Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Finally, Zacks Research raised shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Macro Bank has an average rating of “Buy” and a consensus price target of $111.25.

Macro Bank Price Performance

Shares of Macro Bank stock opened at $89.06 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $89.64 and a 200-day simple moving average of $84.86. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 0.59 and a beta of 1.43. Macro Bank Inc. has a 1-year low of $38.30 and a 1-year high of $106.15.

Macro Bank (NYSE:BMA) last posted its earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. The business had revenue of $412.19 million for the quarter, compared to analyst estimates of $837.75 million. Macro Bank had a net margin of 5.81% and a return on equity of 8.42%. On average, sell-side analysts expect that Macro Bank Inc. will post 5.2 earnings per share for the current year.

Macro Bank Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd were given a $0.5296 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Macro Bank’s dividend payout ratio (DPR) is currently 128.84%.

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.