Militia Capital Partners LP Invests $1.78 Million in Macro Bank Inc. $BMA

Key Points

• Militia Capital Partners LP bought 42,000 shares of Macro Bank (~$1.78 million), representing about 0.07% of the company, while other hedge funds also added exposure—most notably Millennium Management, which doubled its stake to 575,206 shares (~$24.3 million).
• Analyst views are mixed: UBS initiated coverage with a buy and $130 target, Goldman lowered its target to $98 (buy), HSBC cut to hold at $80 and Weiss reiterated a sell; the consensus rating is Hold with a $102.60 price target.
• Macro Bank beat quarterly EPS estimates ($1.98 vs. $1.38) but missed revenue, and raised its monthly dividend to $0.4007 (a 7.3% yield) with a high payout ratio (145.9%); shares recently traded at $65.45, well below the consensus target.

Militia Capital Partners LP acquired a new stake in shares of Macro Bank Inc. (NYSE:BMA - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 42,000 shares of the bank's stock, valued at approximately $1,776,000. Militia Capital Partners LP owned about 0.07% of Macro Bank at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC grew its holdings in shares of Macro Bank by 100.7% during the 3rd quarter. Millennium Management LLC now owns 575,206 shares of the bank's stock valued at $24,325,000 after purchasing an additional 288,614 shares during the last quarter. Alphadyne Asset Management LP bought a new stake in Macro Bank in the third quarter worth $423,000. Aquatic Capital Management LLC purchased a new stake in Macro Bank during the third quarter valued at about $151,000. Two Sigma Investments LP boosted its position in Macro Bank by 102.9% during the third quarter. Two Sigma Investments LP now owns 28,809 shares of the bank's stock valued at $1,218,000 after buying an additional 14,609 shares during the period. Finally, Scharf Investments LLC bought a new position in shares of Macro Bank during the third quarter valued at about $844,000.

Analysts Set New Price Targets

Several research firms have recently commented on BMA. UBS Group started coverage on Macro Bank in a report on Wednesday, November 19th. They issued a "buy" rating and a $130.00 price objective on the stock. HSBC cut Macro Bank from a "buy" rating to a "hold" rating and set a $80.00 price target on the stock. in a research note on Monday, December 15th. The Goldman Sachs Group lowered their price objective on Macro Bank from $111.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, March 2nd. Weiss Ratings reissued a "sell (d)" rating on shares of Macro Bank in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Macro Bank from a "sell" rating to a "hold" rating in a research note on Sunday, March 1st. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $102.60.

Macro Bank Stock Down 1.8%

Shares of NYSE BMA opened at $65.45 on Tuesday. The firm has a fifty day simple moving average of $88.20 and a two-hundred day simple moving average of $76.06. Macro Bank Inc. has a 12 month low of $38.30 and a 12 month high of $106.15. The company has a current ratio of 1.11, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $4.18 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 0.33 and a beta of 1.51.

Macro Bank (NYSE:BMA - Get Free Report) last announced its earnings results on Thursday, February 26th. The bank reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.60. Macro Bank had a net margin of 4.99% and a return on equity of 6.85%. The firm had revenue of $708.92 million for the quarter, compared to analyst estimates of $739.97 million. Equities analysts expect that Macro Bank Inc. will post 7.84 earnings per share for the current year.

Macro Bank Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 20th will be given a dividend of $0.4007 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Friday, March 20th. This is a positive change from Macro Bank's previous monthly dividend of $0.38. Macro Bank's payout ratio is presently 145.90%.

Macro Bank Profile

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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