Macro Bank Inc. $BMA Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in shares of Macro Bank Inc. (NYSE:BMA) by 22.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,958 shares of the bank’s stock after selling 12,610 shares during the period. Allspring Global Investments Holdings LLC owned 0.07% of Macro Bank worth $3,963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BMA. Advisory Services Network LLC bought a new position in Macro Bank in the 3rd quarter worth approximately $46,000. Van ECK Associates Corp acquired a new position in shares of Macro Bank during the third quarter valued at $72,000. Advisors Preferred LLC acquired a new position in shares of Macro Bank during the third quarter valued at $117,000. Aquatic Capital Management LLC acquired a new position in shares of Macro Bank during the third quarter valued at $151,000. Finally, Quantbot Technologies LP increased its holdings in shares of Macro Bank by 46.8% during the third quarter. Quantbot Technologies LP now owns 4,856 shares of the bank’s stock valued at $205,000 after purchasing an additional 1,548 shares during the period.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. The Goldman Sachs Group lowered their price target on Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. HSBC downgraded shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research report on Monday, December 15th. Wall Street Zen upgraded shares of Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Zacks Research downgraded shares of Macro Bank from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Macro Bank in a research report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $102.60.

Macro Bank Stock Performance

Shares of BMA opened at $75.20 on Wednesday. The firm’s 50 day moving average is $81.07 and its 200-day moving average is $78.68. The stock has a market capitalization of $4.80 billion, a P/E ratio of 22.86, a P/E/G ratio of 0.60 and a beta of 1.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.16. Macro Bank Inc. has a 12-month low of $38.30 and a 12-month high of $106.15.

Macro Bank (NYSE:BMA) last posted its quarterly earnings results on Saturday, February 14th. The bank reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $312.24 million for the quarter. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%. Equities research analysts anticipate that Macro Bank Inc. will post 7.84 EPS for the current fiscal year.

Macro Bank Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 20th were issued a $0.4007 dividend. This is an increase from Macro Bank’s previous monthly dividend of $0.38. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, March 20th. Macro Bank’s dividend payout ratio is currently 146.20%.

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.