Baader Bank Aktiengesellschaft Invests $424,000 in Macro Bank Inc. $BMA

Baader Bank Aktiengesellschaft acquired a new stake in shares of Macro Bank Inc. (NYSE:BMA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,033 shares of the bank’s stock, valued at approximately $424,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new position in Macro Bank during the 1st quarter valued at $704,000. Jones Financial Companies Lllp lifted 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 buying an additional 5,427 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Macro Bank by 47.8% in the first quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank’s stock valued at $5,045,000 after buying an additional 21,613 shares during the period. Jane Street Group LLC grew its holdings in Macro Bank by 106.5% during the first quarter. Jane Street Group LLC now owns 13,705 shares of the bank’s stock worth $1,035,000 after acquiring an additional 7,067 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Macro Bank by 16.8% during the second quarter. Envestnet Asset Management Inc. now owns 32,747 shares of the bank’s stock worth $2,299,000 after acquiring an additional 4,716 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group began coverage on shares of Macro Bank in a research report on Wednesday, November 19th. They set a “buy” rating and a $130.00 price objective for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a research note on Monday, December 29th. The Goldman Sachs Group upgraded shares of Macro Bank to a “strong-buy” rating in a research report on Monday, November 10th. Itau BBA Securities upgraded Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. Finally, Citigroup raised Macro Bank from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Macro Bank presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.75.

Macro Bank Price Performance

NYSE BMA opened at $87.17 on Friday. The company has a 50 day simple moving average of $92.60 and a 200-day simple moving average of $74.30. Macro Bank Inc. has a 52-week low of $38.30 and a 52-week high of $106.15. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 39.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16.

Macro Bank (NYSE:BMA) last released its earnings results on Wednesday, November 26th. The bank reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.06). Macro Bank had a return on equity of 8.15% and a net margin of 6.11%.The company had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $590.57 million. Equities research analysts predict that Macro Bank Inc. will post 7.84 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th will be paid a $0.3822 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. This is an increase from Macro Bank’s previous monthly dividend of $0.36. The ex-dividend date is Thursday, February 19th. Macro Bank’s dividend payout ratio is presently 193.21%.

Macro Bank 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.