Candriam S.C.A. Invests $13.64 Million in Macro Bank Inc. $BMA

Candriam S.C.A. purchased a new stake in Macro Bank Inc. (NYSE:BMA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 322,600 shares of the bank’s stock, valued at approximately $13,643,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HUB Investment Partners LLC boosted its stake in Macro Bank by 13.4% during the second quarter. HUB Investment Partners LLC now owns 3,828 shares of the bank’s stock worth $269,000 after buying an additional 452 shares during the last quarter. GAM Holding AG purchased a new position in shares of Macro Bank during the 2nd quarter worth $336,000. SG Americas Securities LLC acquired a new position in shares of Macro Bank during the 2nd quarter valued at about $361,000. Jones Financial Companies Lllp grew its holdings in shares of Macro Bank by 271,350.0% in the first quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock valued at $410,000 after purchasing an additional 5,427 shares during the period. Finally, Benjamin Edwards Inc. acquired a new stake in Macro Bank during the third quarter worth about $254,000.

Macro Bank Price Performance

Macro Bank stock opened at $95.13 on Wednesday. The company’s 50 day simple moving average is $92.50 and its 200-day simple moving average is $74.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. Macro Bank Inc. has a 1 year low of $38.30 and a 1 year high of $106.15. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 43.04, a price-to-earnings-growth ratio of 1.39 and a beta of 1.46.

Macro Bank (NYSE:BMA) last posted its 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 $625.90 million during the quarter, compared to analyst estimates of $590.57 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. As a group, equities research analysts expect that Macro Bank Inc. will post 7.84 earnings per share for the current year.

Macro Bank Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th will be paid a $0.3822 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This is a boost from Macro Bank’s previous monthly dividend of $0.36. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. Macro Bank’s payout ratio is presently 192.76%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BMA. Itau BBA Securities upgraded shares of Macro Bank from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a report on Monday, November 10th. Zacks Research upgraded Macro Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. UBS Group assumed coverage on Macro Bank in a research note on Wednesday, November 19th. They set a “buy” rating and a $130.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.75.

About Macro Bank

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.