Cape Ann Asset Management Ltd Has $36.43 Million Stock Holdings in Macro Bank Inc. $BMA

Cape Ann Asset Management Ltd raised its position in shares of Macro Bank Inc. (NYSE:BMA) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 470,908 shares of the bank’s stock after purchasing an additional 5,892 shares during the period. Macro Bank accounts for approximately 8.3% of Cape Ann Asset Management Ltd’s holdings, making the stock its 6th biggest position. Cape Ann Asset Management Ltd owned approximately 0.74% of Macro Bank worth $36,434,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Compass Rose Asset Management LP acquired a new position in shares of Macro Bank during the fourth quarter worth approximately $6,437,000. JPMorgan Chase & Co. increased its position in Macro Bank by 42.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 113,983 shares of the bank’s stock valued at $4,820,000 after acquiring an additional 34,036 shares during the period. Hsbc Holdings PLC raised its stake in Macro Bank by 85.7% during the 4th quarter. Hsbc Holdings PLC now owns 37,228 shares of the bank’s stock valued at $3,315,000 after acquiring an additional 17,185 shares in the last quarter. Aquamarine Financial Cayman Ltd boosted its position in Macro Bank by 23.8% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 564,501 shares of the bank’s stock worth $50,895,000 after acquiring an additional 108,540 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new position in Macro Bank during the 4th quarter worth $3,834,000.

Wall Street Analysts Forecast Growth

BMA has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. JPMorgan Chase & Co. upped their price target on shares of Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Wall Street Zen upgraded shares of Macro Bank from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Zacks Research upgraded shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Finally, HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Macro Bank presently has an average rating of “Buy” and an average price target of $111.25.

Macro Bank Stock Performance

NYSE:BMA opened at $89.06 on Friday. The company has a 50-day moving average of $89.64 and a 200-day moving average of $84.86. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 0.59 and a beta of 1.43. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. Macro Bank Inc. has a twelve month low of $38.30 and a twelve month high of $106.15.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. The company had revenue of $412.19 million during the quarter, compared to the consensus estimate of $837.75 million. Macro Bank had a return on equity of 8.42% and a net margin of 5.81%. Analysts forecast that Macro Bank Inc. will post 5.2 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were given a $0.5296 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date was Tuesday, June 2nd. Macro Bank’s dividend payout ratio is 128.84%.

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.