Macro Bank Inc. (NYSE:BMA) Declares Monthly Dividend of $0.38

Macro Bank Inc. (NYSE:BMA) declared a monthly dividend on Monday, February 9th. Investors of record on Thursday, February 19th will be given a dividend of 0.3822 per share by the bank on Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Thursday, February 19th. This is a 7.5% increase from Macro Bank’s previous monthly dividend of $0.36.

Macro Bank has increased its dividend payment by an average of 0.2%per year over the last three years. Macro Bank has a dividend payout ratio of 36.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Macro Bank to earn $10.43 per share next year, which means the company should continue to be able to cover its $4.26 annual dividend with an expected future payout ratio of 40.8%.

Macro Bank Price Performance

Shares of NYSE:BMA opened at $92.66 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. Macro Bank has a 52 week low of $38.30 and a 52 week high of $106.15. The firm’s 50 day moving average is $92.25 and its two-hundred day moving average is $73.90. The firm has a market capitalization of $5.92 billion, a P/E ratio of 42.35, a PEG ratio of 0.98 and a beta of 1.46.

Macro Bank (NYSE:BMA) last posted its quarterly earnings data on Wednesday, November 26th. The bank reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($1.06). The company had revenue of $625.90 million during the quarter, compared to the consensus estimate of $590.57 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. Analysts anticipate that Macro Bank will post 7.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BMA has been the topic of several research analyst reports. UBS Group initiated coverage on Macro Bank in a research note on Wednesday, November 19th. They set a “buy” rating and a $130.00 target price on the stock. Itau BBA Securities upgraded shares of Macro Bank from a “market perform” rating to an “outperform” rating in a research note on Monday, October 27th. Citigroup upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 29th. Finally, The Goldman Sachs Group raised shares of Macro Bank to a “strong-buy” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.75.

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.