Fox Run Management L.L.C. Buys 4,936 Shares of Macro Bank Inc. $BMA

Key Points

• Fox Run Management L.L.C. increased its stake in Macro Bank Inc. by 126.8% in Q1, now holding 8,828 shares valued at $667,000.
• Macro Bank recently reported earnings of $0.65 EPS, significantly below analysts' expectations of $1.76, along with revenue of $759.36 million.
• The company declared a dividend of $0.3658 per share to be paid on August 22nd, with a current dividend payout ratio of 19.11%.

Fox Run Management L.L.C. lifted its position in Macro Bank Inc. (NYSE:BMA - Free Report) by 126.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,828 shares of the bank's stock after buying an additional 4,936 shares during the quarter. Fox Run Management L.L.C.'s holdings in Macro Bank were worth $667,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Macro Bank in the first quarter valued at approximately $31,000. Tower Research Capital LLC TRC lifted its stake in shares of Macro Bank by 1,829.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank's stock valued at $58,000 after purchasing an additional 567 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Macro Bank by 19.0% in the first quarter. SBI Securities Co. Ltd. now owns 775 shares of the bank's stock worth $59,000 after purchasing an additional 124 shares in the last quarter. GAMMA Investing LLC increased its position 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 buying an additional 245 shares during the last quarter. Finally, Wallace Advisory Group LLC bought a new position in Macro Bank during the first quarter valued at about $157,000.

Macro Bank Stock Performance

NYSE:BMA traded up $1.08 during trading hours on Friday, hitting $67.37. 122,160 shares of the company traded hands, compared to its average volume of 344,294. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. Macro Bank Inc. has a twelve month low of $50.71 and a twelve month high of $118.42. The firm has a 50-day moving average of $69.78 and a 200 day moving average of $79.96. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 5.90, a P/E/G ratio of 0.34 and a beta of 1.58.

Macro Bank (NYSE:BMA - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $837.49 billion. Macro Bank had a return on equity of 1.50% and a net margin of 1.12%. On average, analysts forecast that Macro Bank Inc. will post 7.84 EPS for the current year.

Macro Bank Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 15th will be paid a $0.3658 dividend. The ex-dividend date is Friday, August 15th. Macro Bank's dividend payout ratio is presently 38.48%.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities started coverage on Macro Bank in a research note on Tuesday, May 20th. They set a "market perform" rating and a $85.00 price target for the company. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $62.17.

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.