US Bancorp DE Makes New Investment in Macro Bank Inc. (NYSE:BMA)

Key Points

• US Bancorp DE has purchased 4,350 shares of Macro Bank Inc. (NYSE:BMA) valued at approximately $328,000 as part of a new investment in the bank during the 1st quarter.
• Macro Bank reported a loss per share of $1.11 in its latest earnings report, with quarterly earnings at $0.65, missing analysts' estimates of $1.76.
• The bank recently declared a dividend of $0.3658, with a dividend payout ratio of 19.11%, set to be paid on August 22nd.

US Bancorp DE purchased a new position in shares of Macro Bank Inc. (NYSE:BMA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,350 shares of the bank's stock, valued at approximately $328,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Macro Bank by 84.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 539,074 shares of the bank's stock worth $52,161,000 after buying an additional 247,070 shares during the period. Duquesne Family Office LLC grew its position in shares of Macro Bank by 14.5% during the 4th quarter. Duquesne Family Office LLC now owns 485,430 shares of the bank's stock worth $46,970,000 after buying an additional 61,300 shares during the period. PointState Capital LP grew its position in shares of Macro Bank by 25.1% during the 4th quarter. PointState Capital LP now owns 339,020 shares of the bank's stock worth $32,804,000 after buying an additional 68,096 shares during the period. Brevan Howard Capital Management LP grew its position in shares of Macro Bank by 83.0% during the 4th quarter. Brevan Howard Capital Management LP now owns 145,761 shares of the bank's stock worth $14,378,000 after buying an additional 66,109 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Macro Bank by 9,810.7% during the 1st 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.

Macro Bank Stock Performance

NYSE BMA opened at $72.20 on Thursday. The company has a fifty day simple moving average of $70.86 and a 200 day simple moving average of $81.25. Macro Bank Inc. has a 12-month low of $50.71 and a 12-month high of $118.42. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.61 billion, a P/E ratio of 6.33, a PEG ratio of 0.37 and a beta of 1.58.

Macro Bank (NYSE:BMA - Get Free Report) last posted its quarterly earnings results 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). Macro Bank had a net margin of 1.12% and a return on equity of 1.50%. The business had revenue of $759.36 million during the quarter, compared to analyst estimates of $837.49 billion. Sell-side analysts predict that Macro Bank Inc. will post 7.84 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 15th will be given a $0.3658 dividend. The ex-dividend date of this dividend is Friday, August 15th. Macro Bank's dividend payout ratio (DPR) is presently 19.11%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Itau BBA Securities assumed coverage on shares of Macro Bank in a research report on Tuesday, May 20th. They set a "market perform" rating and a $85.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Macro Bank from $78.00 to $89.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st.

Macro Bank Company 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.

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