Cetera Investment Advisers Acquires 4,261 Shares of Macro Bank Inc. (NYSE:BMA)

Cetera Investment Advisers grew its position in Macro Bank Inc. (NYSE:BMA - Free Report) by 46.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,476 shares of the bank's stock after purchasing an additional 4,261 shares during the quarter. Cetera Investment Advisers' holdings in Macro Bank were worth $1,018,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Macro Bank during the first quarter worth $31,000. Tower Research Capital LLC TRC boosted its stake in Macro Bank by 1,829.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank's stock worth $58,000 after acquiring an additional 567 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Macro Bank by 19.0% during the first quarter. SBI Securities Co. Ltd. now owns 775 shares of the bank's stock worth $59,000 after acquiring an additional 124 shares in the last quarter. GAMMA Investing LLC boosted its stake in Macro Bank by 31.3% during the first quarter. GAMMA Investing LLC now owns 1,029 shares of the bank's stock worth $78,000 after acquiring an additional 245 shares in the last quarter. Finally, Wallace Advisory Group LLC bought a new position in Macro Bank during the first quarter worth $157,000.

Macro Bank Stock Down 1.5%

Shares of Macro Bank stock traded down $1.07 during trading hours on Friday, reaching $68.73. The company's stock had a trading volume of 116,794 shares, compared to its average volume of 326,006. The stock's fifty day simple moving average is $70.58 and its two-hundred day simple moving average is $80.86. The company has a market capitalization of $4.39 billion, a P/E ratio of 6.02, a P/E/G ratio of 0.36 and a beta of 1.58. 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 one year low of $50.71 and a one year high of $118.42.

Macro Bank (NYSE:BMA - Get Free Report) last announced its earnings results 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 firm had revenue of $759.36 million during the quarter, compared to analysts' expectations of $837.49 billion. On average, research analysts forecast that Macro Bank Inc. will post 7.84 earnings per share for the current year.

Macro Bank Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 15th will be issued a dividend of $0.3658 per share. The ex-dividend date is Friday, August 15th. Macro Bank's dividend payout ratio (DPR) is 19.11%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BMA shares. Itau BBA Securities started coverage on shares of Macro Bank in a research note on Tuesday, May 20th. They issued a "market perform" rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Macro Bank from $78.00 to $89.00 and gave the company a "neutral" rating in a research note on Monday, April 21st.

About Macro Bank

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.