Beverly Hills Private Wealth LLC Sells 190 Shares of Macro Bank Inc. $BMA

Beverly Hills Private Wealth LLC reduced its position in Macro Bank Inc. (NYSE:BMA) by 4.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,070 shares of the bank’s stock after selling 190 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Macro Bank were worth $286,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BMA. GAMMA Investing LLC raised its stake in Macro Bank by 31.3% in the first quarter. GAMMA Investing LLC now owns 1,029 shares of the bank’s stock valued at $78,000 after buying an additional 245 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of Macro Bank during the 1st quarter worth approximately $557,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Macro Bank during the 1st quarter worth approximately $31,000. Allspring Global Investments Holdings LLC raised its stake in Macro Bank by 11.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 56,568 shares of the bank’s stock valued at $4,271,000 after acquiring an additional 5,629 shares during the period. Finally, Shilanski & Associates Inc. raised its stake in Macro Bank by 2.4% in the 1st quarter. Shilanski & Associates Inc. now owns 4,773 shares of the bank’s stock valued at $360,000 after acquiring an additional 112 shares during the period.

Macro Bank Trading Up 0.6%

BMA stock opened at $53.09 on Wednesday. Macro Bank Inc. has a 52 week low of $38.30 and a 52 week high of $118.42. The company has a market capitalization of $3.39 billion, a PE ratio of 4.65, a price-to-earnings-growth ratio of 0.98 and a beta of 1.54. The company’s 50-day simple moving average is $52.31 and its 200 day simple moving average is $69.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.13 and a current ratio of 1.13.

Macro Bank (NYSE:BMA) last issued its quarterly earnings data on Wednesday, August 27th. The bank reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.04). Macro Bank had a return on equity of 10.99% and a net margin of 8.32%.The business had revenue of $834.78 million during the quarter, compared to analyst estimates of $752.51 million. As a group, sell-side analysts anticipate that Macro Bank Inc. will post 7.84 earnings per share for the current year.

Macro Bank Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, October 20th will be paid a $0.3051 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, October 20th. Macro Bank’s payout ratio is 32.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Macro Bank in a research report on Wednesday, October 8th. HSBC upgraded shares of Macro Bank from a “hold” rating to a “buy” rating and cut their target price for the stock from $104.00 to $80.00 in a research note on Wednesday, October 1st. Zacks Research lowered shares of Macro Bank from a “hold” rating to a “strong sell” rating in a research note on Friday, August 29th. Hsbc Global Res raised shares of Macro Bank to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Citigroup downgraded shares of Macro Bank from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $66.63.

Macro Bank Profile

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.