Macro Bank Inc. (NYSE:BMA) Given Average Recommendation of “Moderate Buy” by Analysts

Macro Bank Inc. (NYSE:BMA) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $103.75.

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Macro Bank from $79.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Citigroup upgraded Macro Bank from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Hsbc Global Res lowered Macro Bank from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Itau BBA Securities upgraded shares of Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. Finally, HSBC downgraded 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.

Macro Bank Stock Performance

NYSE BMA opened at $90.09 on Friday. The company’s 50 day simple moving average is $78.55 and its two-hundred day simple moving average is $68.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.13. Macro Bank has a 1 year low of $38.30 and a 1 year high of $118.42. The stock has a market capitalization of $5.76 billion, a PE ratio of 40.76, a P/E/G ratio of 1.72 and a beta of 1.46.

Macro Bank (NYSE:BMA) last released its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.06). The firm had revenue of $668.70 million for the quarter, compared to analysts’ expectations of $590.57 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. Analysts predict that Macro Bank will post 7.84 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.3585 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is an increase from Macro Bank’s previous monthly dividend of $0.35. Macro Bank’s payout ratio is presently 194.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Candriam S.C.A. purchased a new position in shares of Macro Bank in the 3rd quarter worth about $13,643,000. Millennium Management LLC raised 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 valued at $24,325,000 after buying an additional 288,614 shares in the last quarter. Cape Ann Asset Management Ltd lifted its position in Macro Bank by 66.2% in the 3rd quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock worth $19,505,000 after buying an additional 183,700 shares during the last quarter. Sagil Capital LLP purchased a new stake in Macro Bank in the second quarter worth approximately $10,094,000. Finally, Marshall Wace LLP boosted 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 worth $8,439,000 after buying an additional 117,322 shares in 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.