Militia Capital Management LLC Purchases New Shares in Macro Bank Inc. $BMA

Militia Capital Management LLC purchased a new position in shares of Macro Bank Inc. (NYSE:BMA) during the first quarter, HoldingsChannel reports. The fund purchased 37,900 shares of the bank’s stock, valued at approximately $2,932,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Amundi grew its position in shares of Macro Bank by 107.0% during the 1st quarter. Amundi now owns 20,161 shares of the bank’s stock worth $1,560,000 after purchasing an additional 10,421 shares in the last quarter. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Macro Bank in the first quarter valued at approximately $7,815,000. Cape Ann Asset Management Ltd boosted its stake in shares of Macro Bank by 1.3% in the first quarter. Cape Ann Asset Management Ltd now owns 470,908 shares of the bank’s stock valued at $36,434,000 after buying an additional 5,892 shares during the period. Titan Global Capital Management USA LLC grew its position in Macro Bank by 5.5% during the first quarter. Titan Global Capital Management USA LLC now owns 13,276 shares of the bank’s stock worth $1,027,000 after buying an additional 690 shares in the last quarter. Finally, Deltec Asset Management LLC grew its position in Macro Bank by 51.8% during the first quarter. Deltec Asset Management LLC now owns 12,600 shares of the bank’s stock worth $975,000 after buying an additional 4,300 shares in the last quarter.

Macro Bank Stock Down 0.4%

Shares of BMA opened at $91.57 on Monday. Macro Bank Inc. has a one year low of $38.30 and a one year high of $106.15. The company has a market cap of $5.85 billion, a P/E ratio of 21.65, a P/E/G ratio of 0.59 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $91.49 and a two-hundred day simple moving average of $84.75.

Macro Bank (NYSE:BMA) last issued its earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. Macro Bank had a return on equity of 8.42% and a net margin of 5.81%.The firm had revenue of $412.19 million for the quarter, compared to the consensus estimate of $837.75 million. Research analysts forecast that Macro Bank Inc. will post 5.21 EPS for the current fiscal year.

Macro Bank Cuts Dividend

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

Wall Street Analyst Weigh In

BMA has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective 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 raised Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Wall Street Zen upgraded Macro Bank from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. HSBC raised 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, Zacks Research upgraded shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. One equities 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 data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $111.25.

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.