Macro Bank (NYSE:BMA) Hits New 1-Year High – Time to Buy?

Macro Bank Inc. (NYSE:BMA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $104.70 and last traded at $104.4620, with a volume of 343285 shares traded. The stock had previously closed at $98.28.

Analyst Upgrades and Downgrades

BMA has been the subject of several analyst reports. UBS Group began coverage on shares of Macro Bank in a report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 target price for the company. Itau BBA Securities raised shares of Macro Bank from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. Zacks Research raised Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Citigroup raised Macro Bank from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. Finally, Hsbc Global Res lowered shares of Macro Bank from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.75.

Macro Bank Trading Up 6.3%

The stock has a fifty day moving average of $88.52 and a 200-day moving average of $71.64. The company has a market cap of $6.68 billion, a PE ratio of 47.27, a PEG ratio of 1.02 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 (NYSE:BMA) last posted its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($1.06). Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. The company had revenue of $625.90 million for the quarter, compared to the consensus estimate of $590.57 million. Sell-side analysts anticipate that Macro Bank Inc. will post 7.84 EPS for the current fiscal year.

Macro Bank Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 22nd will be issued a $0.3557 dividend. The ex-dividend date is Thursday, January 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. Macro Bank’s dividend payout ratio (DPR) is currently 193.21%.

Institutional Investors Weigh In On Macro Bank

A number of hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in Macro Bank in the third quarter valued at about $46,000. Van ECK Associates Corp bought a new stake in shares of Macro Bank in the 3rd quarter valued at about $72,000. Advisors Preferred LLC purchased a new position in shares of Macro Bank in the 3rd quarter worth approximately $117,000. Aquatic Capital Management LLC bought a new position in shares of Macro Bank during the 3rd quarter worth approximately $151,000. Finally, JGP Global Gestao de Recursos Ltda. purchased a new stake in Macro Bank during the fourth quarter valued at approximately $334,000.

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.