Macro Bank (NYSE:BMA) Announces Quarterly Earnings Results, Misses Expectations By $2.51 EPS

Macro Bank (NYSE:BMA) announced its quarterly earnings data on Wednesday. The bank reported $0.11 EPS for the quarter, missing the consensus estimate of $2.62 by ($2.51), FiscalAI reports. The firm had revenue of $708.92 million for the quarter, compared to analysts’ expectations of $739.97 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%.

Macro Bank Stock Performance

Macro Bank stock traded down $1.05 during mid-day trading on Wednesday, reaching $89.28. 154,063 shares of the stock traded hands, compared to its average volume of 278,810. The stock has a market capitalization of $5.70 billion, a PE ratio of 40.40, a price-to-earnings-growth ratio of 1.31 and a beta of 1.46. 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 has a 12-month low of $38.30 and a 12-month high of $106.15. The business’s 50-day moving average is $92.79 and its 200-day moving average is $75.36.

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 issued a $0.3822 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This is an increase from Macro Bank’s previous monthly dividend of $0.36. This represents a c) annualized dividend and a dividend yield of 5.1%. Macro Bank’s dividend payout ratio is presently 207.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. HSBC cut shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a report on Monday, December 15th. JPMorgan Chase & Co. upped their price objective on Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a research note on Monday, November 10th. Zacks Research cut Macro Bank from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Finally, UBS Group started coverage on Macro Bank in a research report on Wednesday, November 19th. They set a “buy” rating and a $130.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.75.

Institutional Investors Weigh In On Macro Bank

A number of large investors have recently made changes to their positions in BMA. XTX Topco Ltd bought a new position in shares of Macro Bank in the 4th quarter worth approximately $591,000. Itau Unibanco Holding S.A. purchased a new stake in Macro Bank during the fourth quarter valued at approximately $541,000. Verition Fund Management LLC purchased a new stake in Macro Bank during the third quarter valued at approximately $506,000. Voleon Capital Management LP bought a new position in Macro Bank in the third quarter worth approximately $345,000. Finally, Van ECK Associates Corp boosted its stake in shares of Macro Bank by 103.2% during the 4th quarter. Van ECK Associates Corp now owns 3,438 shares of the bank’s stock worth $310,000 after acquiring an additional 1,746 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.