Allspring Global Investments Holdings LLC Has $4.27 Million Stock Holdings in Macro Bank Inc. (NYSE:BMA)

Allspring Global Investments Holdings LLC increased its position in Macro Bank Inc. (NYSE:BMA - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,568 shares of the bank's stock after purchasing an additional 5,629 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.09% of Macro Bank worth $4,271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Macro Bank in the first quarter valued at $31,000. Tower Research Capital LLC TRC increased its stake in shares of Macro Bank by 1,829.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank's stock valued at $58,000 after buying an additional 567 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Macro Bank in the fourth quarter valued at $63,000. GAMMA Investing LLC increased its stake in shares of 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 in the last quarter. Finally, Wallace Advisory Group LLC acquired a new stake in shares of Macro Bank in the first quarter valued at $157,000.

Macro Bank Trading Down 2.9%

Shares of Macro Bank stock traded down $2.04 during trading on Thursday, hitting $68.15. 245,688 shares of the company were exchanged, compared to its average volume of 317,902. The firm has a market capitalization of $4.35 billion, a P/E ratio of 5.97, a price-to-earnings-growth ratio of 0.28 and a beta of 1.60. Macro Bank Inc. has a 1-year low of $42.23 and a 1-year high of $118.42. The firm's fifty day moving average price is $80.62 and its 200 day moving average price is $87.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05.

Macro Bank (NYSE:BMA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($1.11). The company had revenue of $759.36 million for the quarter, compared to analyst estimates of $837.49 billion. Macro Bank had a return on equity of 1.50% and a net margin of 1.12%. As a group, sell-side analysts expect that Macro Bank Inc. will post 7.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BMA. Itau BBA Securities began coverage on Macro Bank in a 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 Macro Bank from $78.00 to $89.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Macro Bank presently has a consensus rating of "Hold" and a consensus target price of $62.13.

Macro Bank Company 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.