Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Macro Bank Inc. (NYSE:BMA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,381 shares of the bank’s stock, valued at approximately $557,000. Several other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC purchased a new position in shares of Macro Bank during the fourth quarter valued at approximately $416,000. Erste Asset Management GmbH purchased a new position in shares of Macro Bank during the 4th quarter valued at $1,002,000. William Blair Investment Management LLC lifted its stake in shares of Macro Bank by 136.1% during the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank’s stock valued at $55,188,000 after buying an additional 328,800 shares in the last quarter. HUB Investment Partners LLC bought a new stake in Macro Bank in the 4th quarter valued at $326,000. Finally, Quantbot Technologies LP increased its holdings in Macro Bank by 2,299.2% in the 4th quarter. Quantbot Technologies LP now owns 5,878 shares of the bank’s stock valued at $569,000 after acquiring an additional 5,633 shares during the last quarter. A number of analysts have recently weighed in on BMA shares. JPMorgan Chase & Co. boosted their target price on shares of Macro Bank from $78.00 to $89.00 and gave the stock a \"neutral\" rating in a report on Monday, April 21st. Itau BBA Securities started coverage on shares of Macro Bank in a research report on Tuesday, May 20th. They issued a \"market perform\" rating and a $85.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Macro Bank has a consensus rating of \"Hold\" and an average price target of $62.13. Shares of BMA opened at $70.79 on Wednesday. Macro Bank Inc. has a fifty-two week low of $42.23 and a fifty-two week high of $118.42. The firm’s 50 day moving average price is $80.98 and its 200 day moving average price is $87.80. The company has a market cap of $4.52 billion, a P/E ratio of 6.20, a PEG ratio of 0.26 and a beta of 1.60. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.11. Macro Bank (NYSE:BMA) 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 analysts’ expectations of $837.49 billion. Macro Bank had a net margin of 1.12% and a return on equity of 1.50%. On average, research analysts forecast that Macro Bank Inc. will post 7.84 earnings per share for the current fiscal year. 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.

Cambridge Investment Research Advisors Inc. Buys New Shares in Macro Bank Inc. (NYSE:BMA)

Cambridge Investment Research Advisors Inc. and other institutional investors purchased shares in Macro Bank Inc. (NYSE:BMA) in the 4th quarter, with analysts updating ratings and the bank reporting earnings results. The company has a market cap of $4.52 billion and a P/E ratio of 6.20.