Macro Bank Inc. (NYSE:BMA) Short Interest Update

Macro Bank Inc. (NYSE:BMA) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 290,182 shares, a decline of 22.7% from the January 29th total of 375,467 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 273,210 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 273,210 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.6% of the company’s stock are short sold.

Wall Street Analyst Weigh In

BMA has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their price objective on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a report on Monday. UBS Group initiated coverage on shares of Macro Bank in a research report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 target price on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research note on Monday, December 29th. Wall Street Zen raised shares of Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Citigroup upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $102.60.

Macro Bank Stock Performance

NYSE BMA traded down $2.80 during trading on Tuesday, reaching $73.96. The company’s stock had a trading volume of 471,363 shares, compared to its average volume of 333,463. The business’s fifty day moving average price is $91.72 and its 200-day moving average price is $75.57. Macro Bank has a twelve month low of $38.30 and a twelve month high of $106.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.16 and a current ratio of 1.11. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 0.38 and a beta of 1.51.

Macro Bank (NYSE:BMA) last released its quarterly earnings results on Thursday, February 26th. The bank reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.60. The firm had revenue of $708.92 million for the quarter, compared to analyst estimates of $739.97 million. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%. As a group, analysts anticipate that Macro Bank will post 7.84 EPS for the current fiscal year.

Macro Bank Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th were paid a $0.3822 dividend. This is an increase from Macro Bank’s previous monthly dividend of $0.36. The ex-dividend date was Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 6.2%. Macro Bank’s dividend payout ratio (DPR) is 139.51%.

Institutional Investors Weigh In On Macro Bank

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its holdings in shares of Macro Bank by 43.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after purchasing an additional 214 shares during the period. Titan Global Capital Management USA LLC raised its position in Macro Bank by 4.0% during the 2nd quarter. Titan Global Capital Management USA LLC now owns 8,368 shares of the bank’s stock worth $588,000 after buying an additional 323 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Macro Bank by 3.3% in the 2nd quarter. Cetera Investment Advisers now owns 13,925 shares of the bank’s stock worth $978,000 after acquiring an additional 449 shares during the period. HUB Investment Partners LLC boosted its holdings in shares of Macro Bank by 13.4% in the second quarter. HUB Investment Partners LLC now owns 3,828 shares of the bank’s stock valued at $269,000 after acquiring an additional 452 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its holdings in shares of Macro Bank by 9.1% in the third quarter. Insigneo Advisory Services LLC now owns 10,473 shares of the bank’s stock valued at $443,000 after acquiring an additional 870 shares in the last quarter.

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.