Macro Bank Inc. (NYSE:BMA) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in shares of Macro Bank Inc. (NYSE:BMA - Free Report) by 11.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,568 shares of the bank's stock after buying an additional 5,629 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.09% of Macro Bank worth $4,271,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BMA. SBI Securities Co. Ltd. acquired a new stake in Macro Bank during the 4th quarter valued at $63,000. EverSource Wealth Advisors LLC acquired a new stake in Macro Bank during the 4th quarter valued at $416,000. Erste Asset Management GmbH acquired a new stake in Macro Bank during the 4th quarter valued at $1,002,000. William Blair Investment Management LLC grew its holdings in Macro Bank by 136.1% during the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock valued at $55,188,000 after buying an additional 328,800 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in Macro Bank during the 4th quarter valued at $326,000.

Macro Bank Trading Up 0.6%

Shares of BMA traded up $0.42 during trading hours on Tuesday, hitting $66.80. The stock had a trading volume of 5,188 shares, compared to its average volume of 315,424. The company's fifty day simple moving average is $81.37 and its 200 day simple moving average is $87.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. Macro Bank Inc. has a 12-month low of $42.23 and a 12-month high of $118.42. The firm has a market cap of $4.27 billion, a P/E ratio of 5.87, a P/E/G ratio of 0.28 and a beta of 1.60.

Macro Bank (NYSE:BMA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $1.76 by ($1.11). Macro Bank had a net margin of 1.12% and a return on equity of 1.50%. The company had revenue of $759.36 million during the quarter, compared to analysts' expectations of $837.49 billion. Equities research analysts forecast that Macro Bank Inc. will post 7.84 EPS for the current fiscal year.

Analysts Set New Price Targets

BMA has been the topic of a number of analyst reports. Itau BBA Securities initiated coverage on Macro Bank in a report on Tuesday, May 20th. They set a "market perform" rating and a $85.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Macro Bank from $78.00 to $89.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $62.13.

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.