Macro Bank Inc. (NYSE:BMA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Macro Bank Inc. (NYSE:BMA) has received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $103.75.

BMA has been the subject of several recent research reports. HSBC cut Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a research note on Monday, December 15th. Itau BBA Securities upgraded shares of Macro Bank from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. Weiss Ratings restated 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. Finally, UBS Group initiated coverage on shares of Macro Bank in a research report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 price target for the company.

Institutional Trading of Macro Bank

Institutional investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new stake in Macro Bank during the 3rd quarter worth about $46,000. Van ECK Associates Corp bought a new stake in Macro Bank in the third quarter worth $72,000. Advisors Preferred LLC purchased a new stake in Macro Bank during the 3rd quarter valued at about $117,000. Aquatic Capital Management LLC bought a new position in shares of Macro Bank in the third quarter worth approximately $151,000. Finally, Quantbot Technologies LP grew its holdings in Macro Bank by 46.8% in the 3rd quarter. Quantbot Technologies LP now owns 4,856 shares of the bank’s stock worth $205,000 after acquiring an additional 1,548 shares during the last quarter.

Macro Bank Stock Performance

Shares of NYSE BMA opened at $93.36 on Wednesday. The company has a market capitalization of $5.97 billion, a P/E ratio of 42.24, a P/E/G ratio of 1.00 and a beta of 1.49. 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 $86.83 and a 200-day moving average of $70.06. Macro Bank has a 12 month low of $38.30 and a 12 month high of $118.17.

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

Macro Bank Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 16th were issued a dividend of $0.3585 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. This is a boost from Macro Bank’s previous monthly dividend of $0.35. The ex-dividend date was Tuesday, December 16th. Macro Bank’s dividend payout ratio is 194.57%.

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.