Macro Bank (NYSE:BMA) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Macro Bank Inc. (NYSE:BMA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $71.64 and traded as high as $101.40. Macro Bank shares last traded at $97.93, with a volume of 272,916 shares traded.

Analyst Upgrades and Downgrades

BMA has been the topic of several recent analyst reports. Hsbc Global Res lowered Macro Bank from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Zacks Research upgraded Macro Bank from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. The Goldman Sachs Group raised Macro Bank to a “strong-buy” rating in a research note on Monday, November 10th. Itau BBA Securities upgraded shares of Macro Bank from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. Finally, UBS Group began coverage on shares of Macro Bank in a research note on Wednesday, November 19th. They issued a “buy” rating and a $130.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Macro Bank has a consensus rating of “Moderate Buy” and a consensus price target of $103.75.

Macro Bank Trading Up 1.3%

The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 44.31, a P/E/G ratio of 1.02 and a beta of 1.49. 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 business has a 50-day moving average of $88.52 and a 200-day moving average of $71.64.

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

Macro Bank Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Thursday, January 22nd will be paid a $0.3557 dividend. The ex-dividend date is Thursday, January 22nd. This represents a c) dividend on an annualized basis and a yield of 4.4%. Macro Bank’s dividend payout ratio (DPR) is currently 193.21%.

Institutional Investors Weigh In On Macro Bank

A number of institutional investors and hedge funds have recently modified their holdings of BMA. Advisory Services Network LLC acquired a new stake in Macro Bank in the 3rd quarter valued at about $46,000. Van ECK Associates Corp bought a new stake in Macro Bank in the third quarter valued at approximately $72,000. Advisors Preferred LLC acquired a new stake in shares of Macro Bank in the third quarter valued at approximately $117,000. Aquatic Capital Management LLC acquired a new stake in shares of Macro Bank in the third quarter valued at approximately $151,000. Finally, Quantbot Technologies LP boosted its stake in shares of Macro Bank by 46.8% during 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 period.

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.