Analysts Set Macro Bank Inc. (NYSE:BMA) PT at $103.75

Macro Bank Inc. (NYSE:BMA) has earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $103.75.

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a report on Monday, December 29th. Hsbc Global Res downgraded shares of Macro Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Itau BBA Securities raised shares of Macro Bank from a “market perform” rating to an “outperform” rating in a research note on Monday, October 27th. HSBC lowered shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Monday, December 15th. Finally, Citigroup upgraded Macro Bank from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd.

Institutional Investors Weigh In On Macro Bank

Hedge funds and other institutional investors have recently modified their holdings of the stock. Candriam S.C.A. bought a new position in Macro Bank during the 3rd quarter valued at $13,643,000. Millennium Management LLC lifted its holdings in shares of Macro Bank by 100.7% in the third quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock valued at $24,325,000 after buying an additional 288,614 shares during the period. Cape Ann Asset Management Ltd boosted its stake in Macro Bank by 66.2% during the third quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock valued at $19,505,000 after buying an additional 183,700 shares in the last quarter. Sagil Capital LLP acquired a new position in Macro Bank during the second quarter worth about $10,094,000. Finally, Marshall Wace LLP grew its holdings in Macro Bank by 4,089.3% during the second quarter. Marshall Wace LLP now owns 120,191 shares of the bank’s stock worth $8,439,000 after acquiring an additional 117,322 shares during the period.

Macro Bank Stock Down 1.6%

NYSE:BMA opened at $91.18 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $87.35 and a 200-day moving average of $70.83. The firm has a market capitalization of $5.83 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 0.98 and a beta of 1.49. Macro Bank has a 52 week low of $38.30 and a 52 week high of $110.32.

Macro Bank (NYSE:BMA) last announced its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($1.06). The company had revenue of $625.90 million during the quarter, compared to the consensus estimate of $590.57 million. Macro Bank had a return on equity of 8.15% and a net margin of 6.11%. Analysts predict that Macro Bank will post 7.84 EPS for the current year.

Macro Bank Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 16th were given a dividend of $0.3585 per share. This is a boost from Macro Bank’s previous monthly dividend of $0.35. The ex-dividend date was Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 4.7%. Macro Bank’s payout ratio is presently 194.57%.

About Macro Bank

Macro Bank (NYSE: BMA) is the American depositary receipt program of Banco Macro SA, one of the largest privately owned banks in Argentina. Headquartered in Buenos Aires, the institution delivers a comprehensive suite of banking solutions to retail, corporate and agricultural customers across the country. Through its extensive branch network and digital platforms, Macro Bank aims to serve diverse client segments with tailored financial products and services.

The bank’s offerings span traditional deposit accounts—including checking, savings and term deposits—alongside payment and transaction services.