Analysts Set Macro Bank Inc. (NYSE:BMA) Price Target at $108.25

Shares of Macro Bank Inc. (NYSE:BMA) have been given a consensus rating of “Buy” by the eight research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $108.25.

A number of research firms have issued reports on BMA. Weiss Ratings upgraded Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Wall Street Zen upgraded Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, May 5th. The Goldman Sachs Group cut their price target on Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd.

Macro Bank Trading Down 0.0%

Macro Bank stock opened at $101.66 on Friday. The business has a 50-day simple moving average of $81.88 and a two-hundred day simple moving average of $84.26. The company has a market cap of $6.50 billion, a P/E ratio of 24.03, a P/E/G ratio of 0.65 and a beta of 1.42. Macro Bank has a 52-week low of $38.30 and a 52-week high of $106.15. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.29.

Macro Bank (NYSE:BMA) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. The business had revenue of $412.19 million during the quarter, compared to the consensus estimate of $837.76 million. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%. Analysts predict that Macro Bank will post 5.2 EPS for the current year.

Macro Bank Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were paid a dividend of $0.5296 per share. The ex-dividend date was Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. Macro Bank’s payout ratio is 134.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. PointState Capital LP grew its stake in shares of Macro Bank by 266.9% during the 4th quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock valued at $77,311,000 after acquiring an additional 623,755 shares during the period. Millennium Management LLC grew its stake in shares of Macro Bank by 100.7% during the 3rd quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock valued at $24,325,000 after acquiring an additional 288,614 shares during the period. Aquamarine Financial Cayman Ltd grew its stake in shares of Macro Bank by 23.8% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 564,501 shares of the bank’s stock valued at $50,895,000 after acquiring an additional 108,540 shares during the period. Cape Ann Asset Management Ltd grew its stake in shares of Macro Bank by 1.3% during the 1st quarter. Cape Ann Asset Management Ltd now owns 470,908 shares of the bank’s stock valued at $36,434,000 after acquiring an additional 5,892 shares during the period. Finally, Fundamenta Capital S.A. bought a new position in shares of Macro Bank during the 4th quarter valued at approximately $17,130,000.

About Macro Bank

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.