Militia Capital Management LLC Invests $2.93 Million in Macro Bank Inc. $BMA

Militia Capital Management LLC purchased a new position in Macro Bank Inc. (NYSE:BMA) during the 1st quarter, Holdings Channel reports. The fund purchased 37,900 shares of the bank’s stock, valued at approximately $2,932,000.

Other institutional investors also recently added to or reduced their stakes in the company. Titan Global Capital Management USA LLC boosted its position in Macro Bank by 5.5% in the 1st quarter. Titan Global Capital Management USA LLC now owns 13,276 shares of the bank’s stock valued at $1,027,000 after buying an additional 690 shares during the period. Deltec Asset Management LLC increased its position in shares of Macro Bank by 51.8% during the first quarter. Deltec Asset Management LLC now owns 12,600 shares of the bank’s stock worth $975,000 after acquiring an additional 4,300 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of Macro Bank by 14.1% during the first quarter. Deprince Race & Zollo Inc. now owns 48,541 shares of the bank’s stock worth $3,756,000 after acquiring an additional 6,015 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Macro Bank by 104.2% during the first quarter. Pictet Asset Management Holding SA now owns 107,005 shares of the bank’s stock valued at $8,279,000 after acquiring an additional 54,597 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Macro Bank by 85.7% during the fourth 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.

Macro Bank Trading Up 5.2%

Shares of NYSE:BMA opened at $97.56 on Thursday. The company has a market capitalization of $6.23 billion, a PE ratio of 23.06, a P/E/G 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. The business’s fifty day simple moving average is $88.89 and its 200-day simple moving average is $84.81. Macro Bank Inc. has a 12-month low of $38.30 and a 12-month high of $106.15.

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

Macro Bank Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 2nd were issued a $0.5296 dividend. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, June 2nd. Macro Bank’s dividend payout ratio (DPR) is currently 128.84%.

Analyst Ratings Changes

BMA has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on 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 raised Macro Bank from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Finally, HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Macro Bank presently has an average rating of “Buy” and a consensus price target of $111.25.

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.