Macro Bank (NYSE:BMA) Trading Up 8.2% – Still a Buy?

Macro Bank Inc. (NYSE:BMA)’s share price was up 8.2% during trading on Thursday . The stock traded as high as $92.49 and last traded at $92.1280. Approximately 142,557 shares were traded during trading, a decline of 47% from the average daily volume of 269,191 shares. The stock had previously closed at $85.16.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BMA shares. UBS Group started coverage on shares of Macro Bank in a research note on Wednesday, November 19th. They issued a “buy” rating and a $130.00 target price on the stock. Zacks Research cut Macro Bank from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. JPMorgan Chase & Co. lifted their price objective on Macro Bank from $79.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group upgraded shares of Macro Bank to a “strong-buy” rating in a research report on Monday, November 10th. Finally, Wall Street Zen downgraded Macro Bank from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.75.

Macro Bank Stock Up 1.2%

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $5.89 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46. The company’s 50-day moving average is $92.64 and its 200 day moving average is $75.02.

Macro Bank (NYSE:BMA) last released its quarterly earnings data on Wednesday, November 26th. The bank reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $590.57 million. As a group, analysts anticipate that Macro Bank Inc. will post 7.84 EPS for the current year.

Macro Bank Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th will be paid a dividend of $0.3822 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. This is an increase from Macro Bank’s previous monthly dividend of $0.36. The ex-dividend date of this dividend is Thursday, February 19th. Macro Bank’s dividend payout ratio is presently 207.69%.

Institutional Trading of Macro Bank

Several institutional investors have recently added to or reduced their stakes in BMA. Benjamin Edwards Inc. purchased a new stake in Macro Bank during the 3rd quarter worth about $254,000. ABS Direct Equity Fund LLC lifted its stake in shares of Macro Bank by 726.8% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 30,550 shares of the bank’s stock worth $1,292,000 after acquiring an additional 26,855 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Macro Bank during the third quarter worth about $992,000. Monaco Asset Management SAM raised its holdings in Macro Bank by 225.0% during the second quarter. Monaco Asset Management SAM now owns 13,000 shares of the bank’s stock worth $913,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Marex Group plc purchased a new position in Macro Bank during the second quarter worth about $1,018,000.

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.