Deltec Asset Management LLC Invests $275,000 in Macro Bank Inc. $BMA

Deltec Asset Management LLC acquired a new stake in Macro Bank Inc. (NYSE:BMA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,500 shares of the bank’s stock, valued at approximately $275,000.

A number of other large investors also recently made changes to their positions in the business. Sagil Capital LLP purchased a new position in Macro Bank during the second quarter worth about $10,094,000. Marshall Wace LLP lifted its holdings in shares of Macro Bank by 4,089.3% during the 2nd quarter. Marshall Wace LLP now owns 120,191 shares of the bank’s stock worth $8,439,000 after acquiring an additional 117,322 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of Macro Bank by 10.0% in the second quarter. Cubist Systematic Strategies LLC now owns 117,770 shares of the bank’s stock worth $8,269,000 after acquiring an additional 10,717 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Macro Bank by 1.4% in the second quarter. Qube Research & Technologies Ltd now owns 85,228 shares of the bank’s stock valued at $5,984,000 after purchasing an additional 1,160 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Macro Bank by 14.6% during the second quarter. JPMorgan Chase & Co. now owns 79,947 shares of the bank’s stock worth $5,613,000 after purchasing an additional 10,211 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a report on Monday, December 29th. Citigroup raised Macro Bank from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. HSBC downgraded Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a research report on Monday, December 15th. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Hsbc Global Res lowered Macro Bank from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.75.

Macro Bank Price Performance

BMA stock opened at $95.72 on Friday. The firm has a market cap of $6.12 billion, a P/E ratio of 43.31, a price-to-earnings-growth ratio of 1.01 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. Macro Bank Inc. has a 1 year low of $38.30 and a 1 year high of $118.17. The stock has a 50-day simple moving average of $86.68 and a 200-day simple moving average of $69.76.

Macro Bank (NYSE:BMA) last released its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.67 by ($1.06). Macro Bank had a return on equity of 8.15% and a net margin of 6.11%.The company had revenue of $668.70 million for the quarter, compared to analyst estimates of $590.57 million. On average, equities analysts predict that Macro Bank Inc. will post 7.84 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 16th were given a $0.3585 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, December 16th. This is an increase from Macro Bank’s previous monthly dividend of $0.35. Macro Bank’s dividend payout ratio is currently 194.57%.

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.