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

Macro Bank Inc. (NYSE:BMA) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 459,375 shares, a decrease 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 currently 1.4 days. Currently, 0.9% of the shares of the company are short sold. Currently, 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 currently 1.4 days.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BMA shares. JPMorgan Chase & Co. lifted their target price on Macro Bank from $79.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. HSBC lowered Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research report on Monday, December 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research note on Monday. Itau BBA Securities upgraded shares of Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. Finally, UBS Group assumed coverage on shares of Macro Bank in a research report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.75.

Macro Bank Stock Performance

Shares of NYSE:BMA traded down $0.36 during trading on Tuesday, reaching $89.97. The company had a trading volume of 177,120 shares, compared to its average volume of 255,712. Macro Bank has a fifty-two week low of $38.30 and a fifty-two week high of $118.42. 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 stock’s fifty day moving average price is $83.88 and its 200 day moving average price is $68.63. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 40.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.46.

Macro Bank (NYSE:BMA) last issued its quarterly 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). The company had revenue of $668.70 million for the quarter, compared to analyst estimates of $590.57 million. Macro Bank had a return on equity of 8.15% and a net margin of 6.11%. As a group, equities research analysts predict that Macro Bank will post 7.84 EPS for the current year.

Macro Bank Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 16th were paid a dividend of $0.3585 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from Macro Bank’s previous monthly dividend of $0.35. The ex-dividend date was Tuesday, December 16th. Macro Bank’s dividend payout ratio (DPR) is presently 194.57%.

Institutional Investors Weigh In On Macro Bank

Institutional investors have recently added to or reduced their stakes in the business. Candriam S.C.A. acquired a new position in Macro Bank during the 3rd quarter worth approximately $13,643,000. Millennium Management LLC boosted its stake in shares of Macro Bank by 100.7% in the third quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock valued at $24,325,000 after buying an additional 288,614 shares in the last quarter. Cape Ann Asset Management Ltd grew its holdings in Macro Bank by 66.2% during the third quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock worth $19,505,000 after acquiring an additional 183,700 shares during the period. Sagil Capital LLP purchased a new position in Macro Bank in the second quarter worth $10,094,000. Finally, Marshall Wace LLP lifted its holdings in Macro Bank by 4,089.3% in the second quarter. Marshall Wace LLP now owns 120,191 shares of the bank’s stock valued at $8,439,000 after acquiring an additional 117,322 shares during the period.

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.