Deprince Race & Zollo Inc. Has $3.76 Million Stock Position in Macro Bank Inc. $BMA

Deprince Race & Zollo Inc. grew its position in Macro Bank Inc. (NYSE:BMA) by 14.1% in the first quarter, Holdings Channel.com reports. The fund owned 48,541 shares of the bank’s stock after buying an additional 6,015 shares during the period. Deprince Race & Zollo Inc.’s holdings in Macro Bank were worth $3,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC acquired a new position in shares of Macro Bank in the first quarter valued at $704,000. Jones Financial Companies Lllp boosted its stake in Macro Bank by 271,350.0% during the first quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock worth $410,000 after buying an additional 5,427 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Macro Bank by 47.8% during the first quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank’s stock worth $5,045,000 after buying an additional 21,613 shares in the last quarter. Jane Street Group LLC increased its holdings in Macro Bank by 106.5% in the 1st quarter. Jane Street Group LLC now owns 13,705 shares of the bank’s stock valued at $1,035,000 after buying an additional 7,067 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Macro Bank by 14.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 79,947 shares of the bank’s stock valued at $5,613,000 after buying an additional 10,211 shares during the period.

Macro Bank Stock Performance

Macro Bank stock opened at $90.16 on Friday. The firm has a market capitalization of $5.76 billion, a P/E ratio of 21.31, a P/E/G ratio of 0.57 and a beta of 1.43. The stock has a fifty day moving average price of $83.79 and a two-hundred day moving average price of $84.57. Macro Bank Inc. has a 52-week low of $38.30 and a 52-week high of $106.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.08 and a quick ratio of 1.08.

Macro Bank (NYSE:BMA) last issued its earnings results on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, beating the consensus estimate of $1.42 by $0.31. Macro Bank had a net margin of 5.81% and a return on equity of 8.42%. The company had revenue of $412.19 million for the quarter, compared to the consensus estimate of $837.75 million. As a group, analysts anticipate that Macro Bank Inc. will post 5.2 EPS for the current fiscal year.

Macro Bank Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were issued a dividend of $0.5296 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Tuesday, June 2nd. Macro Bank’s dividend payout ratio (DPR) is currently 134.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BMA. JPMorgan Chase & Co. raised their price objective on shares of Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Weiss Ratings raised shares of 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 research report on Tuesday, June 2nd. HSBC upgraded shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, May 5th. Finally, Wall Street Zen raised Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Macro Bank presently has a consensus rating of “Buy” and an average target price of $111.25.

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.