Macro Bank Inc. (NYSE:BMA) Given Consensus Rating of “Hold” by Analysts

Macro Bank Inc. (NYSE:BMA) has been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $102.60.

Several equities analysts have weighed in on BMA shares. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a report on Monday, December 29th. 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 objective for the company. The Goldman Sachs Group lowered their target price on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a report on Monday. Wall Street Zen upgraded Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, 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 report on Monday, December 15th.

Macro Bank Price Performance

Shares of BMA opened at $74.44 on Thursday. The firm has a market cap of $4.76 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 0.37 and a beta of 1.51. Macro Bank has a 52-week low of $38.30 and a 52-week high of $106.15. The business’s 50 day moving average price is $91.39 and its two-hundred day moving average price is $75.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.16 and a current ratio of 1.11.

Macro Bank (NYSE:BMA) last issued its earnings results on Thursday, February 26th. The bank reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.60. The company had revenue of $708.92 million for the quarter, compared to analyst estimates of $739.97 million. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%. On average, equities analysts anticipate that Macro Bank will post 7.84 EPS for the current year.

Macro Bank Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th were paid a $0.3822 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 6.2%. This is a boost from Macro Bank’s previous monthly dividend of $0.36. Macro Bank’s dividend payout ratio is presently 139.51%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BMA. PointState Capital LP lifted its position in shares of Macro Bank by 266.9% in the 4th quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock worth $77,311,000 after purchasing an additional 623,755 shares during the period. Candriam S.C.A. purchased a new position in Macro Bank during the third quarter valued at $13,643,000. Millennium Management LLC boosted its holdings in Macro Bank by 100.7% in the third 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 in the last quarter. Fundamenta Capital S.A. purchased a new stake in shares of Macro Bank in the fourth quarter worth $17,130,000. Finally, Cape Ann Asset Management Ltd grew its stake in shares of Macro Bank by 66.2% in the third quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock worth $19,505,000 after acquiring an additional 183,700 shares during the last quarter.

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.