Brokerages Set Macro Bank Inc. (NYSE:BMA) Price Target at $103.75

Shares of Macro Bank Inc. (NYSE:BMA) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $103.75.

A number of research analysts recently weighed in on the stock. Citigroup raised shares of Macro Bank from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. UBS Group initiated coverage on Macro Bank in a report on Wednesday, November 19th. They set a “buy” rating and a $130.00 target price for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a research note on Monday, December 29th. Zacks Research upgraded Macro Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. increased their price objective on Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th.

Macro Bank Stock Up 1.9%

Macro Bank stock opened at $95.13 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $6.08 billion, a PE ratio of 43.04, a price-to-earnings-growth ratio of 1.39 and a beta of 1.46. The business has a 50 day simple moving average of $92.50 and a 200-day simple moving average of $74.07. Macro Bank has a 12 month low of $38.30 and a 12 month high of $106.15.

Macro Bank (NYSE:BMA) last released its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.06). The company had revenue of $625.90 million during the quarter, compared to analyst estimates of $590.57 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. On average, analysts anticipate that Macro Bank will post 7.84 EPS for the current fiscal year.

Macro Bank Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th will be given a $0.3822 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from Macro Bank’s previous monthly dividend of $0.36. The ex-dividend date is Thursday, February 19th. Macro Bank’s dividend payout ratio (DPR) is currently 192.76%.

Hedge Funds Weigh In On Macro Bank

A number of institutional investors and hedge funds have recently bought and sold shares of BMA. Advisory Services Network LLC acquired a new stake in Macro Bank in the 3rd quarter valued at about $46,000. SBI Securities Co. Ltd. boosted its holdings in shares of Macro Bank by 43.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after purchasing an additional 214 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Macro Bank in the third quarter valued at approximately $72,000. Advisors Preferred LLC purchased a new stake in shares of Macro Bank in the third quarter valued at approximately $117,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Macro Bank in the third quarter valued at approximately $151,000.

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.