Aquamarine Financial Cayman Ltd Acquires 108,540 Shares of Macro Bank Inc. $BMA

Key Points

• Aquamarine Financial Cayman Ltd increased its stake in Macro Bank by 23.8% in Q4, buying 108,540 shares to hold 564,501 shares worth about $50.9M, representing ~0.88% of Macro Bank and making it Aquamarine’s 6th largest position (4.1% of its portfolio).
• Analysts are mixed: the stock has an average rating of "Hold" with a consensus target of $102.60, though views vary from Goldman's lowered $98 buy target to sell/strong-sell calls from Weiss and Zacks.
• Dividend increased: Macro Bank raised its monthly dividend to $0.4074 (ex-dividend Apr 20), implying a ~6.5% yield but a notably high payout ratio of 148.63%, which may raise sustainability concerns.

Aquamarine Financial Cayman Ltd grew its holdings in shares of Macro Bank Inc. (NYSE:BMA - Free Report) by 23.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,501 shares of the bank's stock after buying an additional 108,540 shares during the quarter. Macro Bank makes up 4.1% of Aquamarine Financial Cayman Ltd's portfolio, making the stock its 6th largest position. Aquamarine Financial Cayman Ltd owned about 0.88% of Macro Bank worth $50,895,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BMA. Advisory Services Network LLC bought a new position in Macro Bank in the third quarter valued at approximately $46,000. Van ECK Associates Corp acquired a new stake in shares of Macro Bank in the 3rd quarter valued at approximately $72,000. Advisors Preferred LLC acquired a new stake in shares of Macro Bank in the 3rd quarter valued at approximately $117,000. Aquatic Capital Management LLC bought a new position in shares of Macro Bank in the third quarter valued at $151,000. Finally, Quantbot Technologies LP increased its holdings in Macro Bank by 46.8% during the third quarter. Quantbot Technologies LP now owns 4,856 shares of the bank's stock worth $205,000 after buying an additional 1,548 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Macro Bank in a research report on Friday, March 27th. The Goldman Sachs Group decreased their price objective on shares of Macro Bank from $111.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, March 2nd. Wall Street Zen raised shares of Macro Bank from a "sell" rating to a "hold" rating in a report on Sunday, March 1st. Finally, Zacks Research downgraded shares of Macro Bank from a "hold" rating to a "strong sell" rating in a research note on Monday, February 9th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $102.60.

Macro Bank Trading Down 3.9%

Shares of NYSE:BMA opened at $74.64 on Friday. Macro Bank Inc. has a 12-month low of $38.30 and a 12-month high of $106.15. The stock has a market cap of $4.77 billion, a PE ratio of 22.69, a P/E/G ratio of 0.60 and a beta of 1.52. The business has a 50 day moving average of $77.35 and a 200-day moving average of $81.18. The company has a quick ratio of 1.16, a current ratio of 1.11 and a debt-to-equity ratio of 0.29.

Macro Bank (NYSE:BMA - Get Free Report) last announced its earnings results on Saturday, February 14th. The bank reported $0.11 earnings per share for the quarter. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%.The company had revenue of $312.24 million for the quarter. As a group, equities research analysts forecast that Macro Bank Inc. will post 4.68 earnings per share for the current year.

Macro Bank Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, April 20th will be given a $0.4074 dividend. The ex-dividend date of this dividend is Monday, April 20th. This is a boost from Macro Bank's previous monthly dividend of $0.40. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. Macro Bank's dividend payout ratio (DPR) is presently 148.63%.

About Macro Bank

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.

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