Macro Bank Inc. $BMA is Cape Ann Asset Management Ltd’s 8th Largest Position

Cape Ann Asset Management Ltd grew its stake in Macro Bank Inc. (NYSE:BMA) by 66.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 461,216 shares of the bank’s stock after acquiring an additional 183,700 shares during the quarter. Macro Bank comprises about 6.6% of Cape Ann Asset Management Ltd’s portfolio, making the stock its 8th biggest position. Cape Ann Asset Management Ltd’s holdings in Macro Bank were worth $19,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Benjamin Edwards Inc. bought a new stake in Macro Bank during the third quarter valued at about $254,000. HUB Investment Partners LLC lifted its position in shares of Macro Bank by 13.4% during the second 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 last quarter. Deltec Asset Management LLC purchased a new stake in shares of Macro Bank during the third quarter valued at about $275,000. GAM Holding AG bought a new stake in shares of Macro Bank in the 2nd quarter valued at about $336,000. Finally, SG Americas Securities LLC purchased a new position in shares of Macro Bank in the 2nd quarter worth approximately $361,000.

Macro Bank Price Performance

NYSE BMA opened at $92.20 on Friday. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 1.36 and a beta of 1.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s fifty day moving average price is $92.64 and its 200 day moving average price is $75.02. Macro Bank Inc. has a 1 year low of $38.30 and a 1 year high of $106.15.

Macro Bank (NYSE:BMA) last issued its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.06). The firm had revenue of $625.90 million for the quarter, compared to analyst estimates of $590.57 million. Macro Bank had a return on equity of 8.15% and a net margin of 6.11%. As a group, equities research analysts forecast that Macro Bank Inc. will post 7.84 earnings per share for the current year.

Macro Bank Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 19th will be given a $0.3822 dividend. This is an increase from Macro Bank’s previous monthly dividend of $0.36. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Thursday, February 19th. Macro Bank’s payout ratio is currently 207.69%.

Analyst Ratings Changes

BMA has been the subject of a number of analyst reports. Wall Street Zen cut shares of Macro Bank from a “hold” rating to a “sell” rating in a research report on Saturday. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 29th. HSBC lowered Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research report on Monday, December 15th. Finally, Itau BBA Securities upgraded Macro Bank from a “market perform” rating to an “outperform” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.75.

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.