Macro Bank (NYSE:BMA) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Macro Bank Inc. (NYSE:BMA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $84.74 and traded as high as $91.82. Macro Bank shares last traded at $90.6550, with a volume of 210,980 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen raised Macro Bank from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. JPMorgan Chase & Co. increased their price objective on Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings raised shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Finally, HSBC upgraded shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $111.25.

Macro Bank Stock Up 5.2%

The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 0.58 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a 50-day moving average of $88.36 and a 200-day moving average of $84.76.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data on Thursday, May 28th. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.31. The firm had revenue of $412.19 million during the quarter, compared to analysts’ expectations of $837.75 million. Macro Bank had a return on equity of 8.42% and a net margin of 5.81%. Sell-side analysts predict that Macro Bank Inc. will post 5.2 EPS for the current fiscal year.

Macro Bank Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were given a $0.5296 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. Macro Bank’s dividend payout ratio (DPR) is presently 128.61%.

Institutional Investors Weigh In On Macro Bank

Institutional investors and hedge funds have recently bought and sold shares of the company. PointState Capital LP increased its holdings in Macro Bank by 266.9% in the 4th 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 during the period. Millennium Management LLC lifted its holdings 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 worth $24,325,000 after acquiring an additional 288,614 shares during the period. Fundamenta Capital S.A. acquired a new stake in shares of Macro Bank during the 4th quarter worth approximately $17,130,000. Verition Fund Management LLC boosted its position in shares of Macro Bank by 1,060.6% during the 4th quarter. Verition Fund Management LLC now owns 138,760 shares of the bank’s stock worth $12,511,000 after acquiring an additional 126,804 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Macro Bank by 4,089.3% in the second quarter. Marshall Wace LLP now owns 120,191 shares of the bank’s stock valued at $8,439,000 after acquiring an additional 117,322 shares during the last quarter.

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.