Short Interest in Macro Bank Inc. (NYSE:BMA) Drops By 37.3%
by Scott Moore · The Cerbat GemMacro Bank Inc. (NYSE:BMA – Get Free Report) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 459,375 shares, a drop of 37.3% from the November 30th total of 732,390 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 320,907 shares, the short-interest ratio is currently 1.4 days. Based on an average daily trading volume, of 320,907 shares, the short-interest ratio is currently 1.4 days. Currently, 0.9% of the company’s stock are sold short.
Hedge Funds Weigh In On Macro Bank
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BMA. Advisory Services Network LLC bought a new position in shares of Macro Bank in the 3rd quarter worth $46,000. Van ECK Associates Corp bought a new stake in Macro Bank during the third quarter worth about $72,000. Advisors Preferred LLC bought a new stake in Macro Bank during the third quarter worth about $117,000. Aquatic Capital Management LLC purchased a new position in shares of Macro Bank in the 3rd quarter worth about $151,000. Finally, Quantbot Technologies LP increased its position in shares of Macro Bank by 46.8% during the 3rd 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 last quarter.
Macro Bank Stock Performance
BMA traded down $0.63 during trading hours on Monday, hitting $90.76. The stock had a trading volume of 329,427 shares, compared to its average volume of 264,206. The company’s fifty day simple moving average is $83.15 and its 200 day simple moving average is $68.52. Macro Bank has a 1 year low of $38.30 and a 1 year high of $118.42. The stock has a market cap of $5.80 billion, a PE ratio of 41.07, a price-to-earnings-growth ratio of 1.70 and a beta of 1.47. 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 released its quarterly earnings data on Wednesday, November 26th. The bank reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.67 by ($1.06). The business had revenue of $668.70 million for the quarter, compared to analysts’ expectations of $590.57 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. Equities analysts anticipate that Macro Bank will post 7.84 earnings per share for the current year.
Macro Bank Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 16th were paid a $0.3585 dividend. The ex-dividend date was Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 4.7%. This is a positive change from Macro Bank’s previous monthly dividend of $0.35. Macro Bank’s dividend payout ratio (DPR) is presently 194.57%.
Wall Street Analysts Forecast Growth
BMA has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Macro Bank from $79.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Zacks Research upgraded Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Hsbc Global Res downgraded shares of Macro Bank from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Weiss Ratings restated a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 22nd. Finally, UBS Group assumed coverage on shares of Macro Bank in a report on Wednesday, November 19th. They set a “buy” rating and a $130.00 price objective for the company. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.75.
View Our Latest Analysis on Macro Bank
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.