Great Lakes Advisors LLC Buys Shares of 7,553 Macro Bank Inc. $BMA

Great Lakes Advisors LLC purchased a new position in Macro Bank Inc. (NYSE:BMA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,553 shares of the bank’s stock, valued at approximately $1,798,000.

Other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its holdings in shares of Macro Bank by 43.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after buying an additional 214 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Macro Bank during the 3rd quarter valued at about $46,000. Van ECK Associates Corp acquired a new stake in shares of Macro Bank during the 3rd quarter valued at about $72,000. Mariner LLC bought a new position in shares of Macro Bank during the 4th quarter valued at $214,000. Finally, HRT Financial LP bought a new position in shares of Macro Bank during the 4th quarter valued at $237,000.

Macro Bank Stock Performance

Shares of Macro Bank stock opened at $72.81 on Friday. 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 fifty-two week low of $38.30 and a fifty-two week high of $106.15. The firm has a market cap of $4.65 billion, a P/E ratio of 15.93, a P/E/G ratio of 0.46 and a beta of 1.46. The firm has a 50 day simple moving average of $89.63 and a 200 day simple moving average of $83.24.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data on Wednesday, August 19th. The bank reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.70. The business had revenue of $406.86 million during the quarter, compared to analysts’ expectations of $946.46 million. Macro Bank had a return on equity of 8.65% and a net margin of 5.95%. Sell-side analysts predict that Macro Bank Inc. will post 5.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.