Great Lakes Advisors LLC Buys New Holdings in Macro Bank Inc. $BMA

Great Lakes Advisors LLC purchased a new stake in Macro Bank Inc. (NYSE:BMA) during the second quarter, HoldingsChannel.com reports. The firm purchased 7,553 shares of the bank’s stock, valued at approximately $1,798,000.

A number of other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Macro Bank during the third quarter worth $46,000. SBI Securities Co. Ltd. grew its stake 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 buying an additional 214 shares during the last quarter. Van ECK Associates Corp acquired a new stake in Macro Bank during the 3rd quarter worth approximately $72,000. Aquatic Capital Management LLC bought a new position in Macro Bank during the 3rd quarter worth $151,000. Finally, Mariner LLC bought a new position in Macro Bank during the 4th quarter worth $214,000.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. upped their target price 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 shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Macro Bank from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $111.25.

Macro Bank Stock Down 0.1%

Shares of NYSE BMA opened at $72.81 on Friday. Macro Bank Inc. has a one year low of $38.30 and a one year high of $106.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.10 and a quick ratio of 1.08. The business’s fifty day moving average price is $89.63 and its 200-day moving average price is $83.24. The stock has a market capitalization of $4.65 billion, a PE ratio of 15.93, a P/E/G ratio of 0.46 and a beta of 1.46.

Macro Bank (NYSE:BMA) last released its quarterly earnings data on Wednesday, August 19th. The bank reported $2.29 EPS for the quarter, topping the consensus estimate of $1.59 by $0.70. Macro Bank had a net margin of 5.95% and a return on equity of 8.65%. The company had revenue of $406.86 million during the quarter, compared to the consensus estimate of $946.46 million. On average, equities research analysts anticipate that Macro Bank Inc. will post 5.21 EPS for the current year.

Macro Bank 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.