Short Interest in Banco Macro S.A. (NYSE:BMA) Increases By 5.0%

Banco Macro S.A. (NYSE:BMA) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 745,500 shares, a growth of 5.0% from the May 15th total of 709,900 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 420,500 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Investors Weigh In On Banco Macro

Institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in Banco Macro during the 1st quarter worth approximately $33,000. Purus Wealth Management LLC acquired a new position in shares of Banco Macro in the 4th quarter worth approximately $230,000. Claro Advisors LLC acquired a new position in shares of Banco Macro in the 1st quarter worth approximately $260,000. Norden Group LLC acquired a new position in shares of Banco Macro in the 1st quarter worth approximately $261,000. Finally, Rokos Capital Management LLP acquired a new position in shares of Banco Macro in the 1st quarter worth approximately $296,000.

Wall Street Analyst Weigh In

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

Banco Macro Price Performance

Shares of Banco Macro stock opened at $63.17 on Thursday. Banco Macro has a 1 year low of $17.30 and a 1 year high of $68.24. The company has a quick ratio of 1.05, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $58.54 and its 200 day moving average is $43.23.

Banco Macro (NYSE:BMA) last posted its earnings results on Thursday, May 23rd. The bank reported $5.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $2.83. Banco Macro had a net margin of 16.33% and a return on equity of 37.91%. The firm had revenue of $1.87 billion for the quarter. Sell-side analysts expect that Banco Macro will post 11.83 earnings per share for the current fiscal year.

Banco Macro Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 17th will be issued a dividend of $1.742 per share. This represents a $20.90 dividend on an annualized basis and a yield of 33.09%. This is a positive change from Banco Macro’s previous monthly dividend of $0.43. The ex-dividend date is Monday, June 17th. 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.