Banco Macro S.A. (NYSE:BMA) Short Interest Up 11.6% in June

Banco Macro S.A. (NYSE:BMA) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 832,100 shares, a growth of 11.6% from the May 31st total of 745,500 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 436,000 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd boosted its stake in Banco Macro by 498.7% in the 3rd quarter. Quadrature Capital Ltd now owns 64,502 shares of the bank’s stock valued at $1,273,000 after purchasing an additional 53,729 shares during the period. Penserra Capital Management LLC bought a new stake in Banco Macro in the 3rd quarter valued at $364,000. Purus Wealth Management LLC bought a new stake in Banco Macro in the 4th quarter valued at $230,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Banco Macro by 54.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 208,944 shares of the bank’s stock valued at $5,997,000 after purchasing an additional 73,524 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Banco Macro in the 4th quarter valued at $1,462,000.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Banco Macro from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 15th.

Banco Macro Trading Down 7.6 %

Shares of BMA traded down $4.35 during midday trading on Monday, hitting $52.98. The stock had a trading volume of 447,433 shares, compared to its average volume of 404,016. The company has a 50 day simple moving average of $59.74 and a two-hundred day simple moving average of $45.04. Banco Macro has a twelve month low of $17.30 and a twelve month high of $68.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.05 and a current ratio of 0.77.

Banco Macro (NYSE:BMA) last released its quarterly earnings results on Thursday, May 23rd. The bank reported $5.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $2.83. Banco Macro had a return on equity of 37.91% and a net margin of 16.33%. The firm had revenue of $1.87 billion for the quarter. Analysts anticipate that Banco Macro will post 11.83 EPS for the current fiscal year.

Banco Macro Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 17th were issued a dividend of $1.742 per share. The ex-dividend date of this dividend was Monday, June 17th. This is a positive change from Banco Macro’s previous monthly dividend of $0.43. This represents a $20.90 dividend on an annualized basis and a dividend yield of 39.46%. Banco Macro’s payout ratio is presently 123.45%.

About Banco Macro

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 (ATMs), and money transfers.