Macro Bank (NYSE:BMA) Releases Quarterly Earnings Results, Misses Expectations By $2.51 EPS

Macro Bank (NYSE:BMA) announced its quarterly earnings results on Wednesday. The bank reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($2.51), FiscalAI reports. The business had revenue of $708.92 million for the quarter, compared to analysts’ expectations of $739.97 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%.

Macro Bank Stock Down 1.2%

Shares of Macro Bank stock traded down $1.05 during trading on Wednesday, hitting $89.28. The company’s stock had a trading volume of 154,063 shares, compared to its average volume of 278,810. Macro Bank has a 52 week low of $38.30 and a 52 week high of $106.15. The company has a market capitalization of $5.70 billion, a PE ratio of 40.40, a P/E/G ratio of 1.31 and a beta of 1.46. The company has a fifty day simple moving average of $92.79 and a two-hundred day simple moving average of $75.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16.

Macro Bank Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 19th will be paid a $0.3822 dividend. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Thursday, February 19th. This is a positive change from Macro Bank’s previous monthly dividend of $0.36. Macro Bank’s dividend payout ratio (DPR) is 207.69%.

Hedge Funds Weigh In On Macro Bank

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of Macro Bank in the 3rd quarter worth approximately $46,000. Van ECK Associates Corp purchased a new position in Macro Bank during the third quarter valued at $72,000. Mariner LLC bought a new stake in Macro Bank in the fourth quarter worth $214,000. HRT Financial LP bought a new stake in Macro Bank in the fourth quarter worth $237,000. Finally, Cibc World Market Inc. purchased a new stake in shares of Macro Bank in the fourth quarter worth $251,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research cut Macro Bank from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. lifted their price target on shares of Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Citigroup upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. HSBC lowered shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research note on Monday, December 15th. Finally, The Goldman Sachs Group upgraded shares of Macro Bank to a “strong-buy” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Macro Bank has an average rating of “Moderate Buy” and an average price target of $103.75.

Macro Bank Company Profile

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.