Macro Bank Inc. (NYSE:BMA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Macro Bank Inc. (NYSE:BMA) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $103.75.

Several research analysts recently weighed in on BMA shares. HSBC lowered Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research report on Monday, December 15th. Zacks Research downgraded Macro Bank from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Citigroup upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 29th. Finally, UBS Group started coverage on shares of Macro Bank in a research report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 target price for the company.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of Macro Bank by 100.7% in the 3rd quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock valued at $24,325,000 after buying an additional 288,614 shares in the last quarter. Aquamarine Financial Cayman Ltd lifted its stake in Macro Bank by 23.8% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 564,501 shares of the bank’s stock valued at $50,895,000 after acquiring an additional 108,540 shares during the last quarter. Cape Ann Asset Management Ltd grew its position in Macro Bank by 0.8% in the fourth quarter. Cape Ann Asset Management Ltd now owns 465,016 shares of the bank’s stock worth $41,926,000 after acquiring an additional 3,800 shares in the last quarter. Candriam S.C.A. acquired a new position in shares of Macro Bank during the 3rd quarter worth $13,643,000. Finally, Fundamenta Capital S.A. acquired a new position in shares of Macro Bank during the 4th quarter worth $17,130,000.

Macro Bank Stock Performance

BMA opened at $86.66 on Friday. The business has a 50 day moving average price of $92.61 and a two-hundred day moving average price of $74.42. 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 company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 39.21, a price-to-earnings-growth ratio of 1.29 and a beta of 1.46. Macro Bank has a 1-year low of $38.30 and a 1-year high of $106.15.

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

Macro Bank Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 19th will be given a dividend of $0.3822 per share. The ex-dividend date of this dividend is Thursday, February 19th. This is a positive change from Macro Bank’s previous monthly dividend of $0.36. This represents a c) dividend on an annualized basis and a yield of 5.3%. Macro Bank’s payout ratio is 193.21%.

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.