Macro Bank Inc. (NYSE:BMA) Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates lowered its holdings in Macro Bank Inc. (NYSE:BMA - Free Report) by 10.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,434 shares of the bank's stock after selling 6,024 shares during the quarter. Dorsey Wright & Associates owned 0.08% of Macro Bank worth $3,959,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Macro Bank by 11.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 56,568 shares of the bank's stock valued at $4,271,000 after purchasing an additional 5,629 shares in the last quarter. GAMMA Investing LLC grew its position in Macro Bank by 9,810.7% during the first quarter. GAMMA Investing LLC now owns 77,700 shares of the bank's stock worth $5,867,000 after buying an additional 76,916 shares during the period. ABS Direct Equity Fund LLC purchased a new position in Macro Bank in the first quarter valued at about $310,000. Jump Financial LLC increased its holdings in Macro Bank by 201.8% in the fourth quarter. Jump Financial LLC now owns 24,992 shares of the bank's stock valued at $2,418,000 after buying an additional 16,710 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Macro Bank during the 1st quarter valued at approximately $557,000.

Wall Street Analyst Weigh In

BMA has been the topic of a number of research reports. Itau BBA Securities started 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. boosted their target price on Macro Bank from $78.00 to $89.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $62.13.

Macro Bank Trading Up 3.0%

Macro Bank stock traded up $2.04 during trading on Thursday, reaching $70.04. The company had a trading volume of 440,288 shares, compared to its average volume of 328,400. Macro Bank Inc. has a 12-month low of $42.22 and a 12-month high of $118.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. The stock's 50 day moving average price is $75.75 and its two-hundred day moving average price is $84.94. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 0.27 and a beta of 1.60.

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

Macro Bank Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 18th will be given a dividend of $0.3985 per share. This represents a yield of 9.2%. The ex-dividend date of this dividend is Friday, July 18th. 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.