Macro Bank Inc. (NYSE:BMA) Receives $103.75 Consensus PT from Analysts

Macro Bank Inc. (NYSE:BMA) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $103.75.

A number of research analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Macro Bank in a research note on Monday. Citigroup raised Macro Bank from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. UBS Group began 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. Zacks Research upgraded shares of Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th.

Hedge Funds Weigh In On Macro Bank

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised 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 valued at $24,325,000 after acquiring an additional 288,614 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Macro Bank by 6.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,464 shares of the bank’s stock valued at $43,227,000 after purchasing an additional 33,390 shares during the last quarter. Cape Ann Asset Management Ltd raised its holdings in shares of Macro Bank by 66.2% in the 3rd quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock valued at $19,505,000 after purchasing an additional 183,700 shares in the last quarter. Candriam S.C.A. purchased a new stake in shares of Macro Bank during the 3rd quarter worth $13,643,000. Finally, Sagil Capital LLP acquired a new position in shares of Macro Bank during the second quarter worth $10,094,000.

Macro Bank Price Performance

Shares of BMA opened at $91.01 on Friday. Macro Bank has a 1-year low of $38.30 and a 1-year high of $118.42. The stock has a market cap of $5.82 billion, a PE ratio of 41.18, a P/E/G ratio of 1.68 and a beta of 1.46. The firm has a 50-day simple moving average of $80.85 and a two-hundred day simple moving average of $68.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16.

Macro Bank (NYSE:BMA) last issued its quarterly earnings data on Wednesday, November 26th. The bank reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.67 by ($1.06). Macro Bank had a return on equity of 8.15% and a net margin of 6.11%.The company had revenue of $668.70 million during the quarter, compared to analyst estimates of $590.57 million. As a group, analysts forecast 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 Tuesday, December 23rd. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.3585 per share. This is a positive change from Macro Bank’s previous monthly dividend of $0.35. The ex-dividend date was Tuesday, December 16th. This represents a c) annualized dividend and a yield of 4.7%. Macro Bank’s dividend payout ratio (DPR) is currently 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.