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

Ramirez Asset Management Inc. raised its stake in Macro Bank Inc. (NYSE:BMA) by 69.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 56,718 shares of the bank’s stock after buying an additional 23,285 shares during the quarter. Ramirez Asset Management Inc. owned approximately 0.09% of Macro Bank worth $2,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new stake in shares of Macro Bank in the 3rd quarter worth about $254,000. ABS Direct Equity Fund LLC lifted its position in Macro Bank by 726.8% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 30,550 shares of the bank’s stock valued at $1,292,000 after purchasing an additional 26,855 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Macro Bank during the 3rd quarter valued at about $992,000. Monaco Asset Management SAM grew its position in Macro Bank by 225.0% in the 2nd quarter. Monaco Asset Management SAM now owns 13,000 shares of the bank’s stock worth $913,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Marex Group plc bought a new position in Macro Bank in the 2nd quarter worth about $1,018,000.

Macro Bank Stock Down 5.2%

BMA stock opened at $70.20 on Friday. The firm’s 50-day moving average is $90.62 and its two-hundred day moving average is $75.55. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 0.37 and a beta of 1.51. Macro Bank Inc. has a 52 week low of $38.30 and a 52 week 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.

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

Macro Bank Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th were paid a dividend of $0.3822 per share. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Thursday, February 19th. This is an increase from Macro Bank’s previous monthly dividend of $0.36. Macro Bank’s dividend payout ratio is 139.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Macro Bank from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Zacks Research lowered Macro Bank from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a report on Monday, December 29th. UBS Group began coverage on Macro Bank in a research report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 target price on the stock. Finally, HSBC downgraded Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research note on Monday, December 15th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.60.

About Macro Bank

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.