Macro Bank (NYSE:BMA) Announces Earnings Results

Macro Bank (NYSE:BMA) released its quarterly earnings data on Wednesday. The bank reported $1.73 EPS for the quarter, topping the consensus estimate of $1.42 by $0.31, Zacks reports. The business had revenue of $412.19 million for the quarter, compared to analyst estimates of $837.75 million. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%.

Macro Bank Stock Up 2.8%

BMA stock opened at $87.65 on Friday. The company’s 50 day moving average price is $75.57 and its 200 day moving average price is $82.92. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 0.67 and a beta of 1.36. Macro Bank has a fifty-two week low of $38.30 and a fifty-two week high of $106.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.11 and a current ratio of 1.11.

Macro Bank Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be paid a dividend of $0.545 per share. The ex-dividend date is Monday, May 18th. This is a positive change from Macro Bank’s previous monthly dividend of $0.41. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. Macro Bank’s payout ratio is currently 177.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BMA. Advisory Services Network LLC acquired a new stake in shares of Macro Bank in the 3rd quarter valued at $46,000. Van ECK Associates Corp acquired a new position in shares of Macro Bank during the third quarter worth $72,000. Aquatic Capital Management LLC acquired a new position in shares of Macro Bank during the third quarter worth $151,000. Mariner LLC purchased a new position in Macro Bank in the fourth quarter valued at $214,000. Finally, HRT Financial LP acquired a new stake in Macro Bank in the fourth quarter valued at $237,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Wall Street Zen upgraded shares of Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Zacks Research raised shares of Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research note on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.25.

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.