AdvisorShares Investments LLC Has $1.59 Million Position in Macro Bank Inc. $BMA

AdvisorShares Investments LLC increased its stake in Macro Bank Inc. (NYSE:BMA) by 18.7% in Q2, owning 22,703 shares valued at $1.59 million. Other investors also raised their positions, including Envestnet Asset Management and Goldman Sachs. Macro Bank's stock opened at $85.24, with a market cap of $5.45 billion. The bank reported Q2 earnings of $1.95 EPS, missing estimates, and declared a monthly dividend of $0.3051 per share. Analyst ratings vary, with a consensus rating of "Moderate Buy" and an average price target of $74.38.

AdvisorShares Investments LLC grew its stake in shares of Macro Bank Inc. (NYSE:BMA - Free Report) by 18.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 22,703 shares of the bank's stock after buying an additional 3,574 shares during the period. AdvisorShares Investments LLC's holdings in Macro Bank were worth $1,594,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in shares of Macro Bank by 16.8% during the second quarter. Envestnet Asset Management Inc. now owns 32,747 shares of the bank's stock valued at $2,299,000 after buying an additional 4,716 shares during the last quarter. Ramirez Asset Management Inc. increased its stake in Macro Bank by 95.0% in the second quarter. Ramirez Asset Management Inc. now owns 33,433 shares of the bank's stock valued at $2,347,000 after acquiring an additional 16,285 shares during the period. Goldman Sachs Group Inc. increased its stake in Macro Bank by 47.8% in the first quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank's stock valued at $5,045,000 after acquiring an additional 21,613 shares during the period. Militia Capital Partners LP increased its stake in Macro Bank by 70.4% in the first quarter. Militia Capital Partners LP now owns 3,460 shares of the bank's stock valued at $261,000 after acquiring an additional 1,430 shares during the period. Finally, Jane Street Group LLC increased its stake in Macro Bank by 106.5% in the first quarter. Jane Street Group LLC now owns 13,705 shares of the bank's stock valued at $1,035,000 after acquiring an additional 7,067 shares during the period.

Macro Bank Stock Performance

NYSE BMA opened at $85.24 on Thursday. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.54 and a beta of 1.54. The company has a 50 day moving average of $52.42 and a 200-day moving average of $69.31. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.23. Macro Bank Inc. has a 1-year low of $38.30 and a 1-year high of $118.42.

Macro Bank (NYSE:BMA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The bank reported $1.95 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.04). Macro Bank had a net margin of 8.32% and a return on equity of 10.99%. The company had revenue of $834.78 million for the quarter, compared to the consensus estimate of $752.51 million. On average, equities analysts forecast that Macro Bank Inc. will post 7.84 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, October 20th were paid a dividend of $0.3051 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, October 20th. Macro Bank's dividend payout ratio is 89.05%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BMA. Zacks Research cut shares of Macro Bank from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. Hsbc Global Res raised shares of Macro Bank to a "strong-buy" rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. upped their target price on shares of Macro Bank from $79.00 to $120.00 and gave the company an "overweight" rating in a research note on Tuesday. HSBC raised shares of Macro Bank from a "hold" rating to a "buy" rating and lowered their target price for the company from $104.00 to $80.00 in a research note on Wednesday, October 1st. Finally, Citigroup lowered shares of Macro Bank from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $74.38.

Read Our Latest Stock Analysis on BMA

About Macro Bank

(Free Report)

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.

Should You Invest $1,000 in Macro Bank Right Now?

Before you consider Macro Bank, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Macro Bank wasn't on the list.

While Macro Bank currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here