Macro Bank Inc. $BMA Shares Sold by Monaco Asset Management SAM

Monaco Asset Management SAM trimmed its stake in shares of Macro Bank Inc. (NYSE:BMA) by 92.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,900 shares of the bank’s stock after selling 76,800 shares during the period. Monaco Asset Management SAM’s holdings in Macro Bank were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Millennium Management LLC lifted its position in shares of Macro Bank by 100.7% during the 3rd quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock valued at $24,325,000 after acquiring an additional 288,614 shares during the period. Aquamarine Financial Cayman Ltd increased its stake in shares of Macro Bank by 23.8% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 564,501 shares of the bank’s stock worth $50,895,000 after purchasing an additional 108,540 shares in the last quarter. Cape Ann Asset Management Ltd increased its stake in shares of Macro Bank by 66.2% during the 3rd quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock worth $19,505,000 after purchasing an additional 183,700 shares in the last quarter. Candriam S.C.A. purchased a new position in shares of Macro Bank during the 3rd quarter worth approximately $13,643,000. Finally, Fundamenta Capital S.A. purchased a new position in shares of Macro Bank during the 4th quarter worth approximately $17,130,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Zacks Research raised shares of Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a research note on Friday, March 27th. Wall Street Zen raised shares of Macro Bank from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. The Goldman Sachs Group dropped their price objective on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, HSBC raised shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Macro Bank Stock Down 0.1%

BMA stock opened at $90.69 on Monday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 21.44, a PEG ratio of 0.58 and a beta of 1.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.11 and a current ratio of 1.11. Macro Bank Inc. has a one year low of $38.30 and a one year high of $106.15. The company has a 50 day moving average price of $76.05 and a two-hundred day moving average price of $82.96.

Macro Bank (NYSE:BMA) last released its earnings results on Wednesday, May 27th. The bank reported $1.73 EPS for the quarter, topping the consensus estimate of $1.42 by $0.31. The firm had revenue of $412.19 million during the quarter, compared to analysts’ expectations of $837.76 million. Macro Bank had a net margin of 5.81% and a return on equity of 8.47%. As a group, sell-side analysts expect that Macro Bank Inc. will post 5.2 EPS for the current year.

Macro Bank Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a $0.545 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Monday, May 18th. This is an increase from Macro Bank’s previous monthly dividend of $0.41. Macro Bank’s dividend payout ratio is presently 138.06%.

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.