X Square Capital LLC Sells 59,980 Shares of Macro Bank Inc. $BMA

X Square Capital LLC cut its holdings in Macro Bank Inc. (NYSE:BMA) by 83.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,556 shares of the bank’s stock after selling 59,980 shares during the quarter. X Square Capital LLC’s holdings in Macro Bank were worth $1,042,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BMA. Advisory Services Network LLC bought a new stake in shares of Macro Bank during the third quarter valued at approximately $46,000. SBI Securities Co. Ltd. grew its holdings in 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 buying an additional 214 shares in the last quarter. Van ECK Associates Corp bought a new stake in Macro Bank during the third quarter worth $72,000. Advisors Preferred LLC bought a new stake in Macro Bank during the third quarter worth $117,000. Finally, Aquatic Capital Management LLC bought a new stake in Macro Bank during the third quarter worth $151,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BMA. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a research report on Friday, March 27th. Wall Street Zen raised Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. HSBC raised 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, The Goldman Sachs Group lowered their price target on Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Macro Bank Trading Down 1.2%

BMA opened at $83.93 on Tuesday. The stock has a market cap of $5.36 billion, a PE ratio of 19.84, a PEG ratio of 0.54 and a beta of 1.42. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $78.10 and a 200-day moving average of $83.16. Macro Bank Inc. has a 52 week low of $38.30 and a 52 week high of $106.15.

Macro Bank (NYSE:BMA) last issued its quarterly earnings data on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, topping the consensus estimate of $1.42 by $0.31. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%.The company had revenue of $412.19 million during the quarter, compared to analyst estimates of $837.76 million. Equities research analysts predict that Macro Bank Inc. will post 5.2 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd will be given a $0.5296 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Tuesday, June 2nd. Macro Bank’s payout ratio is presently 134.04%.

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.