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

Macro Bank Inc. (NYSE:BMA) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $108.25.

Several brokerages recently commented on BMA. The Goldman Sachs Group reduced their target price on Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a research report on Friday, March 27th. Wall Street Zen raised Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Zacks Research raised Macro Bank from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, May 5th.

Macro Bank Stock Down 0.3%

Shares of BMA stock opened at $75.69 on Tuesday. The stock has a market cap of $4.84 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.36. Macro Bank has a one year low of $38.30 and a one year high of $106.15. The stock has a fifty day moving average price of $74.49 and a 200 day moving average price of $82.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.11.

Macro Bank (NYSE:BMA) last issued its earnings results on Saturday, February 14th. The bank reported $0.11 EPS for the quarter. The firm had revenue of $312.24 million during the quarter. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%. Analysts predict that Macro Bank will post 4.71 earnings per share for the current year.

Macro Bank Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, May 18th. This is a boost from Macro Bank’s previous monthly dividend of $0.41. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. Macro Bank’s dividend payout ratio (DPR) is 194.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BMA. Advisory Services Network LLC bought a new position in shares of Macro Bank during the third quarter valued at $46,000. SBI Securities Co. Ltd. lifted its holdings in shares of Macro Bank by 43.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after acquiring an additional 214 shares during the period. Van ECK Associates Corp bought a new position in shares of Macro Bank during the third quarter valued at $72,000. Advisors Preferred LLC bought a new position in shares of Macro Bank during the third quarter valued at $117,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Macro Bank during the third quarter valued at $151,000.

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.