Macro Bank Inc. (NYSE:BMA) Short Interest Down 37.3% in December

Macro Bank Inc. (NYSE:BMA) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 459,375 shares, a drop of 37.3% from the November 30th total of 732,390 shares. Based on an average trading volume of 320,907 shares, the short-interest ratio is presently 1.4 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 320,907 shares, the short-interest ratio is presently 1.4 days.

Analyst Ratings Changes

Several research firms have commented on BMA. JPMorgan Chase & Co. upped their target price on shares of Macro Bank from $79.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 22nd. Hsbc Global Res cut Macro Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Itau BBA Securities upgraded Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. Finally, Citigroup raised Macro Bank from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Macro Bank presently has an average rating of “Moderate Buy” and a consensus target price of $103.75.

Macro Bank Price Performance

Shares of BMA traded up $0.56 during midday trading on Friday, reaching $91.57. The stock had a trading volume of 136,801 shares, compared to its average volume of 280,976. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $5.85 billion, a P/E ratio of 41.43, a P/E/G ratio of 1.70 and a beta of 1.46. The firm’s 50 day moving average price is $82.38 and its 200-day moving average price is $68.49. Macro Bank has a 52 week low of $38.30 and a 52 week high of $118.42.

Macro Bank (NYSE:BMA) last announced its earnings results on Wednesday, November 26th. The bank reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($1.06). Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. The firm had revenue of $668.70 million for the quarter, compared to the consensus estimate of $590.57 million. On average, analysts forecast that Macro Bank will post 7.84 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 16th were issued a $0.3585 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Tuesday, December 16th. This is an increase from Macro Bank’s previous monthly dividend of $0.35. Macro Bank’s payout ratio is presently 194.57%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Titan Global Capital Management USA LLC grew its holdings in shares of 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 valued at $588,000 after acquiring an additional 323 shares in the last quarter. Cetera Investment Advisers boosted its position in Macro Bank by 3.3% during the second quarter. Cetera Investment Advisers now owns 13,925 shares of the bank’s stock valued at $978,000 after purchasing an additional 449 shares during the last quarter. HUB Investment Partners LLC grew its stake in 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 purchasing an additional 452 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in 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 purchasing an additional 870 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Macro Bank in the 3rd quarter worth about $46,000.

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.