Macro Bank Inc. (NYSE:BMA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Macro Bank Inc. (NYSE:BMA) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $103.75.

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a report on Monday, December 29th. UBS Group initiated coverage on Macro Bank in a research report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Macro Bank from $79.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Itau BBA Securities raised Macro Bank from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. Finally, Hsbc Global Res lowered shares of Macro Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th.

Institutional Investors Weigh In On Macro Bank

A number of institutional investors have recently added to or reduced their stakes in BMA. Advisory Services Network LLC acquired a new stake in shares of Macro Bank in the 3rd quarter valued at approximately $46,000. Van ECK Associates Corp acquired a new stake in Macro Bank in the third quarter valued at $72,000. Advisors Preferred LLC acquired a new stake in Macro Bank in the third quarter valued at $117,000. Aquatic Capital Management LLC purchased a new stake in shares of Macro Bank during the 3rd quarter worth $151,000. Finally, Quantbot Technologies LP grew its stake in shares of Macro Bank by 46.8% during the 3rd quarter. Quantbot Technologies LP now owns 4,856 shares of the bank’s stock worth $205,000 after purchasing an additional 1,548 shares during the period.

Macro Bank Stock Up 2.9%

Macro Bank stock opened at $92.66 on Wednesday. The stock has a 50-day simple moving average of $87.06 and a 200-day simple moving average of $70.52. The company has a market capitalization of $5.92 billion, a P/E ratio of 41.93, a PEG ratio of 0.98 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. Macro Bank has a fifty-two week low of $38.30 and a fifty-two week high of $112.21.

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

Macro Bank Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 16th were paid a dividend of $0.3585 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. This is a positive change from Macro Bank’s previous monthly dividend of $0.35. The ex-dividend date was Tuesday, December 16th. Macro Bank’s dividend payout ratio (DPR) is presently 194.57%.

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.