Brokerages Set Macro Bank Inc. (NYSE:BMA) PT at $111.25

Macro Bank Inc. (NYSE:BMA) has earned an average rating of “Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $111.25.

BMA has been the subject of a number of recent research reports. Wall Street Zen raised shares of Macro Bank from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings raised Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. raised their price objective on Macro Bank from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th.

Macro Bank Trading Down 3.5%

Shares of NYSE BMA opened at $86.39 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $92.13 and a two-hundred day simple moving average of $84.70. The firm has a market cap of $5.52 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 0.57 and a beta of 1.46. Macro Bank has a twelve month low of $38.30 and a twelve month high of $106.15.

Macro Bank (NYSE:BMA) last issued its earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.31. Macro Bank had a return on equity of 8.42% and a net margin of 5.81%.The business had revenue of $412.19 million during the quarter, compared to analysts’ expectations of $837.75 million. Analysts expect that Macro Bank will post 5.21 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were given a dividend of $0.5296 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 7.4%. Macro Bank’s dividend payout ratio is presently 128.61%.

Institutional Trading of Macro Bank

Institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. grew its position in 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 buying an additional 214 shares during the last quarter. HUB Investment Partners LLC raised its position in Macro Bank by 13.4% during the 2nd quarter. HUB Investment Partners LLC now owns 3,828 shares of the bank’s stock worth $269,000 after buying an additional 452 shares during the last quarter. Titan Global Capital Management USA LLC raised its position in Macro Bank by 5.5% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,276 shares of the bank’s stock worth $1,027,000 after buying an additional 690 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Macro Bank in the 3rd quarter worth $46,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Macro Bank by 1.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 85,228 shares of the bank’s stock worth $5,984,000 after acquiring an additional 1,160 shares during the period.

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.