Macro Bank (NYSE:BMA – Get Free Report) announced its quarterly earnings results on Wednesday. The bank reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.46, FiscalAI reports. Macro Bank had a return on equity of 8.42% and a net margin of 5.81%.The business had revenue of $406.86 million for the quarter, compared to the consensus estimate of $946.46 million.
Macro Bank Price Performance
BMA stock traded down $1.20 on Wednesday, reaching $74.88. The company had a trading volume of 301,063 shares, compared to its average volume of 306,921. Macro Bank has a 1 year low of $38.30 and a 1 year high of $106.15. The company has a market cap of $4.78 billion, a P/E ratio of 17.70, a PEG ratio of 0.49 and a beta of 1.46. The company’s fifty day moving average is $90.91 and its 200 day moving average is $83.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.08.
Macro Bank Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were paid a $0.5296 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 8.5%. Macro Bank’s dividend payout ratio is presently 128.61%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several analysts have weighed in on BMA shares. Wall Street Zen upgraded 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 note on Tuesday, June 16th. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their price target on Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $111.25.
Read Our Latest Stock Report on Macro Bank
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.
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