Macro Bank Inc. (NYSE:BMA) Position Lifted by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in shares of Macro Bank Inc. (NYSE:BMA) by 46.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,476 shares of the bank’s stock after acquiring an additional 4,261 shares during the quarter. Cetera Investment Advisers’ holdings in Macro Bank were worth $1,018,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its position in shares of Macro Bank by 0.8% in the 4th quarter. Townsquare Capital LLC now owns 13,447 shares of the bank’s stock worth $1,301,000 after buying an additional 113 shares during the last quarter. Mariner LLC bought a new position in shares of Macro Bank in the 4th quarter worth about $221,000. Jump Financial LLC lifted its position in shares of Macro Bank by 201.8% in the 4th quarter. Jump Financial LLC now owns 24,992 shares of the bank’s stock worth $2,418,000 after buying an additional 16,710 shares during the last quarter. Insigneo Advisory Services LLC bought a new position in shares of Macro Bank in the 4th quarter worth about $246,000. Finally, Mirabella Financial Services LLP bought a new position in shares of Macro Bank in the 4th quarter worth about $1,248,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Itau BBA Securities assumed coverage on shares of Macro Bank in a research report on Tuesday, May 20th. They issued a “market perform” rating and a $85.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Macro Bank from $78.00 to $89.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st.

Macro Bank Trading Up 1.0%

Shares of NYSE:BMA opened at $73.10 on Wednesday. The company has a market cap of $4.67 billion, a PE ratio of 6.41, a P/E/G ratio of 0.37 and a beta of 1.58. The company’s 50-day moving average price is $70.94 and its 200 day moving average price is $81.31. Macro Bank Inc. has a fifty-two week low of $50.71 and a fifty-two week high of $118.42. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.11.

Macro Bank (NYSE:BMA) last issued its quarterly earnings data on Wednesday, May 28th. The bank reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($1.11). The firm had revenue of $759.36 million during the quarter, compared to the consensus estimate of $837.49 billion. Macro Bank had a net margin of 1.12% and a return on equity of 1.50%. 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 announced a — dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.3658 per share. The ex-dividend date of this dividend is Friday, August 15th. Macro Bank’s dividend payout ratio (DPR) is presently 19.11%.

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.