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

Macro Bank Inc. (NYSE:BMA) has earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $103.75.

Several brokerages have issued reports on BMA. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a report on Monday, November 10th. Itau BBA Securities raised shares of Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. boosted their price target on shares of Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a research note on Monday, December 29th. Finally, UBS Group initiated coverage on shares of Macro Bank in a research report on Wednesday, November 19th. They set a “buy” rating and a $130.00 target price for the company.

Macro Bank Stock Down 7.5%

Shares of NYSE BMA opened at $87.17 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The firm has a market cap of $5.57 billion, a PE ratio of 39.44, a P/E/G ratio of 1.41 and a beta of 1.46. The company’s fifty day simple moving average is $92.60 and its 200 day simple moving average is $74.30. Macro Bank has a 12-month low of $38.30 and a 12-month high of $106.15.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data 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). The company had revenue of $625.90 million for the quarter, compared to analyst estimates of $590.57 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. As a group, sell-side analysts forecast that Macro Bank will post 7.84 earnings per share for the current fiscal 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 is a boost from Macro Bank’s previous monthly dividend of $0.36. The ex-dividend date is Thursday, February 19th. This represents a c) annualized dividend and a yield of 5.3%. Macro Bank’s dividend payout ratio (DPR) is 193.21%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its position in Macro Bank by 43.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after purchasing an additional 214 shares in the last quarter. Advisory Services Network LLC bought a new stake in Macro Bank during the third quarter worth $46,000. Van ECK Associates Corp purchased a new position in Macro Bank in the third quarter worth $72,000. HRT Financial LP purchased a new stake in shares of Macro Bank during the 4th quarter valued at $237,000. Finally, Cibc World Market Inc. bought a new stake in shares of Macro Bank during the 4th quarter worth $251,000.

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.