Barometer Capital Management Inc. Reduces Stake in Macro Bank Inc. $BMA

Barometer Capital Management Inc. trimmed its position in Macro Bank Inc. (NYSE:BMA) by 76.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,200 shares of the bank’s stock after selling 87,570 shares during the period. Macro Bank comprises 0.9% of Barometer Capital Management Inc.’s portfolio, making the stock its 29th biggest holding. Barometer Capital Management Inc.’s holdings in Macro Bank were worth $2,094,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. grew its position in Macro Bank by 43.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after buying an additional 214 shares during the period. HUB Investment Partners LLC grew its position in shares of Macro Bank by 13.4% during the 2nd 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 during the period. Titan Global Capital Management USA LLC increased its stake in shares of Macro Bank by 5.5% in the 1st quarter. Titan Global Capital Management USA LLC now owns 13,276 shares of the bank’s stock worth $1,027,000 after purchasing an additional 690 shares in the last quarter. Advisory Services Network LLC bought a new position in Macro Bank in the 3rd quarter worth $46,000. Finally, Qube Research & Technologies Ltd lifted its position in Macro Bank by 1.4% during 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 in the last quarter.

Macro Bank Stock Performance

Macro Bank stock opened at $92.47 on Wednesday. The company’s 50-day moving average price is $88.36 and its 200-day moving average price is $84.76. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.27. The company has a market cap of $5.91 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 0.58 and a beta of 1.43. Macro Bank Inc. has a twelve month low of $38.30 and a twelve month high of $106.15.

Macro Bank (NYSE:BMA) last announced its quarterly earnings results on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. The firm had revenue of $412.19 million during the quarter, compared to the consensus estimate of $837.75 million. Macro Bank had a net margin of 5.81% and a return on equity of 8.42%. On average, equities research analysts forecast that Macro Bank Inc. will post 5.2 EPS for the current fiscal year.

Macro Bank Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.5296 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 6.9%. Macro Bank’s payout ratio is currently 128.84%.

Analysts Set New Price Targets

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