Compass Rose Asset Management LP Takes Position in Macro Bank Inc. $BMA

Compass Rose Asset Management LP acquired a new stake in Macro Bank Inc. (NYSE:BMA) in the 4th quarter, HoldingsChannel reports. The fund acquired 71,390 shares of the bank’s stock, valued at approximately $6,437,000. Macro Bank makes up about 0.5% of Compass Rose Asset Management LP’s investment portfolio, making the stock its 17th biggest holding.

Several other large investors also recently made changes to their positions in BMA. Candriam S.C.A. acquired a new stake in shares of Macro Bank in the 3rd quarter valued at approximately $13,643,000. Millennium Management LLC lifted its holdings in Macro Bank by 100.7% during the 3rd quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock valued at $24,325,000 after purchasing an additional 288,614 shares during the last quarter. Fundamenta Capital S.A. acquired a new stake in Macro Bank during the 4th quarter valued at $17,130,000. Cape Ann Asset Management Ltd lifted its holdings in Macro Bank by 66.2% during the 3rd quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock valued at $19,505,000 after purchasing an additional 183,700 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Macro Bank by 4,089.3% during the 2nd quarter. Marshall Wace LLP now owns 120,191 shares of the bank’s stock valued at $8,439,000 after purchasing an additional 117,322 shares during the last quarter.

Macro Bank Stock Performance

Shares of BMA stock opened at $87.21 on Friday. The business’s 50-day moving average price is $77.59 and its 200-day moving average price is $83.08. Macro Bank Inc. has a 12 month low of $38.30 and a 12 month high of $106.15. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 0.55 and a beta of 1.42. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.29.

Macro Bank (NYSE:BMA) last announced its quarterly earnings results on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%.The firm had revenue of $412.19 million for the quarter, compared to analyst estimates of $837.76 million. Equities research analysts forecast that Macro Bank Inc. will post 5.2 EPS for the current year.

Macro Bank Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, May 18th. This is a positive change from Macro Bank’s previous monthly dividend of $0.41. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. Macro Bank’s payout ratio is 138.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BMA shares. The Goldman Sachs Group cut their price target on Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wall Street Zen upgraded Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research report on Friday, March 27th. Finally, HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

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.