Macro Bank Inc. (NYSE:BMA) Given Consensus Recommendation of “Hold” by Analysts

Shares of Macro Bank Inc. (NYSE:BMA) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $102.60.

BMA has been the subject of a number of analyst reports. Wall Street Zen raised Macro Bank from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Zacks Research lowered shares of Macro Bank from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. HSBC cut shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Monday, December 15th. The Goldman Sachs Group lowered their price target on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Finally, UBS Group started coverage on shares of Macro Bank in a research report on Wednesday, November 19th. They set a “buy” rating and a $130.00 price target on the stock.

Macro Bank Stock Performance

NYSE BMA opened at $74.62 on Thursday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 22.68, a PEG ratio of 0.36 and a beta of 1.51. The stock has a 50-day simple moving average of $89.59 and a two-hundred day simple moving average of $75.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.16 and a current ratio of 1.11. Macro Bank has a fifty-two week low of $38.30 and a fifty-two week high of $106.15.

Macro Bank (NYSE:BMA) last issued its earnings results on Thursday, February 26th. The bank reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.60. The firm had revenue of $708.92 million for the quarter, compared to the consensus estimate of $739.97 million. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%. On average, equities analysts forecast that Macro Bank will post 7.84 earnings per share for the current year.

Macro Bank Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 20th will be issued a $0.4007 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, March 20th. This is a positive change from Macro Bank’s previous monthly dividend of $0.38. Macro Bank’s payout ratio is currently 139.51%.

Institutional Trading of Macro Bank

Institutional investors have recently bought and sold shares of the business. PointState Capital LP increased its position in shares of Macro Bank by 266.9% in the fourth quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock valued at $77,311,000 after buying an additional 623,755 shares in the last quarter. Millennium Management LLC lifted its position in shares of Macro Bank by 100.7% during the 3rd 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 in the last quarter. Aquamarine Financial Cayman Ltd grew its stake in Macro Bank by 23.8% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 564,501 shares of the bank’s stock valued at $50,895,000 after acquiring an additional 108,540 shares during the period. Cape Ann Asset Management Ltd grew its stake in Macro Bank by 0.8% in the 4th quarter. Cape Ann Asset Management Ltd now owns 465,016 shares of the bank’s stock valued at $41,926,000 after acquiring an additional 3,800 shares during the period. Finally, Candriam S.C.A. purchased a new stake in Macro Bank in the 3rd quarter worth $13,643,000.

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.