X Square Capital LLC Sells 59,980 Shares of Macro Bank Inc. $BMA

X Square Capital LLC lessened its holdings in shares of Macro Bank Inc. (NYSE:BMA) by 83.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,556 shares of the bank’s stock after selling 59,980 shares during the period. X Square Capital LLC’s holdings in Macro Bank were worth $1,042,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in Macro Bank in the 3rd quarter worth $46,000. SBI Securities Co. Ltd. boosted its holdings in shares of Macro Bank by 43.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after purchasing an additional 214 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Macro Bank during the 3rd quarter worth approximately $72,000. Advisors Preferred LLC acquired a new position in shares of Macro Bank during the 3rd quarter worth approximately $117,000. Finally, Aquatic Capital Management LLC acquired a new position in Macro Bank during the third quarter worth $151,000.

Macro Bank Stock Performance

NYSE:BMA opened at $83.93 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 0.54 and a beta of 1.42. The firm’s fifty day simple moving average is $78.10 and its 200 day simple moving average is $83.16. Macro Bank Inc. has a twelve month low of $38.30 and a twelve month high of $106.15.

Macro Bank (NYSE:BMA) last posted its earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.31. The business had revenue of $412.19 million for the quarter, compared to analyst estimates of $837.76 million. Macro Bank had a net margin of 5.81% and a return on equity of 8.47%. As a group, equities research analysts expect that Macro Bank Inc. will post 5.2 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd will be issued a dividend of $0.5296 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 7.6%. Macro Bank’s dividend payout ratio is 134.04%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group decreased their target price on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, HSBC raised shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.