Analysts Set Macro Bank Inc. (NYSE:BMA) PT at $108.25

Macro Bank Inc. (NYSE:BMA) has earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $108.25.

A number of brokerages have commented on BMA. The Goldman Sachs Group cut 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 “hold” rating to a “buy” rating in a report on Saturday, June 6th. HSBC upgraded shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Zacks Research upgraded shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd.

Macro Bank Stock Performance

Shares of BMA stock opened at $98.74 on Friday. Macro Bank has a 12 month low of $38.30 and a 12 month high of $106.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $6.31 billion, a P/E ratio of 23.34, a P/E/G ratio of 0.62 and a beta of 1.42. The company’s fifty day moving average price is $80.93 and its two-hundred day moving average price is $84.02.

Macro Bank (NYSE:BMA) last issued its quarterly earnings data on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31. Macro Bank had a net margin of 5.81% and a return on equity of 8.47%. The firm had revenue of $412.19 million for the quarter, compared to analyst estimates of $837.76 million. On average, research analysts anticipate that Macro Bank will post 5.2 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd were paid a $0.5296 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Tuesday, June 2nd. Macro Bank’s dividend payout ratio is 134.04%.

Institutional Investors Weigh In On Macro Bank

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its stake in shares of Macro Bank by 43.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after purchasing an additional 214 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Macro Bank in the 3rd quarter valued at about $46,000. Van ECK Associates Corp acquired a new stake in shares of Macro Bank in the 3rd quarter valued at about $72,000. Mariner LLC acquired a new stake in shares of Macro Bank in the 4th quarter valued at about $214,000. Finally, HRT Financial LP acquired a new stake in shares of Macro Bank in the 4th quarter valued at about $237,000.

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.