Short Interest in Macro Bank Inc. (NYSE:BMA) Drops By 16.9%

04 Feb 2026, 00:52 by Amy Steele · The Cerbat Gem

Macro Bank Inc. (NYSE:BMA – Get Free Report) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 367,928 shares, a drop of 16.9% from the December 31st total of 442,754 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 296,324 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 296,324 shares, the short-interest ratio is presently 1.2 days. Currently, 0.7% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Itau BBA Securities upgraded shares of Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. Zacks Research upgraded Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. lifted their price target on Macro Bank from $79.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Finally, Citigroup raised Macro Bank from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Macro Bank currently has an average rating of “Moderate Buy” and a consensus target price of $103.75.

Get Our Latest Stock Report on Macro Bank

Institutional Investors Weigh In On Macro Bank

Hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its stake in Macro Bank by 100.7% during the third quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock worth $24,325,000 after purchasing an additional 288,614 shares during the period. Aquamarine Financial Cayman Ltd grew its stake in shares of Macro Bank by 23.8% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 564,501 shares of the bank’s stock valued at $50,895,000 after buying an additional 108,540 shares during the period. Cape Ann Asset Management Ltd increased its holdings in shares of Macro Bank by 66.2% during the 3rd quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock worth $19,505,000 after buying an additional 183,700 shares during the last quarter. Candriam S.C.A. purchased a new stake in shares of Macro Bank during the 3rd quarter valued at approximately $13,643,000. Finally, Fundamenta Capital S.A. acquired a new position in Macro Bank in the fourth quarter valued at approximately $17,130,000.

Macro Bank Price Performance

BMA traded down $1.17 during trading on Tuesday, reaching $98.36. The company’s stock had a trading volume of 227,362 shares, compared to its average volume of 265,894. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 44.51, a PEG ratio of 1.05 and a beta of 1.46. The firm has a fifty day simple moving average of $91.54 and a two-hundred day simple moving average of $73.19. Macro Bank has a 1 year low of $38.30 and a 1 year high of $106.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30.

Macro Bank (NYSE:BMA – Get Free Report) last posted its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.67 by ($1.06). Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. The company had revenue of $625.90 million during the quarter, compared to analyst estimates of $590.57 million. As a group, analysts anticipate that Macro Bank will post 7.84 EPS for the current year.

Macro Bank Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, January 29th. Stockholders of record on Thursday, January 22nd were issued a dividend of $0.3557 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Thursday, January 22nd. Macro Bank’s payout ratio is currently 193.21%.

About Macro Bank

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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.