Militia Capital Partners LP Takes $1.78 Million Position in Macro Bank Inc. $BMA

Militia Capital Partners LP purchased a new position in Macro Bank Inc. (NYSE:BMA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,000 shares of the bank’s stock, valued at approximately $1,776,000.

A number of other institutional investors have also added to or reduced their stakes in BMA. Millennium Management LLC lifted its position in Macro Bank by 100.7% during 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 during the period. Alphadyne Asset Management LP purchased a new stake in shares of Macro Bank in the 3rd quarter worth about $423,000. Aquatic Capital Management LLC bought a new position in shares of Macro Bank in the 3rd quarter worth about $151,000. Two Sigma Investments LP increased its stake in shares of Macro Bank by 102.9% in the 3rd quarter. Two Sigma Investments LP now owns 28,809 shares of the bank’s stock worth $1,218,000 after acquiring an additional 14,609 shares in the last quarter. Finally, Scharf Investments LLC purchased a new position in Macro Bank during the 3rd quarter valued at about $844,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Zacks Research cut shares of Macro Bank from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. UBS Group initiated coverage on shares of Macro Bank in a report on Wednesday, November 19th. They set a “buy” rating and a $130.00 target price for the company. Wall Street Zen raised Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. HSBC lowered Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Macro Bank presently has a consensus rating of “Hold” and a consensus price target of $102.60.

Macro Bank Trading Down 1.8%

Shares of NYSE BMA opened at $65.45 on Tuesday. The firm’s 50 day moving average price is $88.20 and its 200-day moving average price is $76.06. Macro Bank Inc. has a 52-week low of $38.30 and a 52-week high of $106.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.16 and a current ratio of 1.11. The company has a market cap of $4.18 billion, a PE ratio of 19.89, a P/E/G ratio of 0.33 and a beta of 1.51.

Macro Bank (NYSE:BMA) last announced its quarterly earnings results on Thursday, February 26th. The bank reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.60. Macro Bank had a net margin of 4.99% and a return on equity of 6.85%. The company had revenue of $708.92 million during the quarter, compared to the consensus estimate of $739.97 million. On average, equities research analysts expect that Macro Bank Inc. will post 7.84 EPS for the current fiscal year.

Macro Bank Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 20th will be issued a $0.4007 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, March 20th. This is a positive change from Macro Bank’s previous monthly dividend of $0.38. Macro Bank’s dividend payout ratio is 145.90%.

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.