Analysts Set Macro Bank Inc. (NYSE:BMA) Target Price at $103.75

Macro Bank Inc. (NYSE:BMA) has received an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $103.75.

A number of equities analysts recently weighed in on BMA shares. UBS Group began coverage on Macro Bank in a report on Wednesday, November 19th. They set a “buy” rating and a $130.00 price objective on the stock. HSBC downgraded shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Monday, December 15th. The Goldman Sachs Group upgraded shares of Macro Bank to a “strong-buy” rating in a report on Monday, November 10th. Zacks Research raised shares of Macro Bank from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Finally, Hsbc Global Res downgraded shares of Macro Bank from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th.

Hedge Funds Weigh In On Macro Bank

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in Macro Bank in the third quarter valued at approximately $46,000. Van ECK Associates Corp purchased a new position in shares of Macro Bank in the third quarter worth $72,000. Advisors Preferred LLC bought a new stake in Macro Bank during the 3rd quarter valued at $117,000. Aquatic Capital Management LLC purchased a new stake in Macro Bank during the 3rd quarter valued at $151,000. Finally, Quantbot Technologies LP grew its holdings in Macro Bank by 46.8% in the 3rd quarter. Quantbot Technologies LP now owns 4,856 shares of the bank’s stock worth $205,000 after acquiring an additional 1,548 shares during the last quarter.

Macro Bank Price Performance

Shares of NYSE:BMA opened at $91.57 on Friday. The company’s fifty day moving average price is $82.38 and its 200-day moving average price is $68.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 1.70 and a beta of 1.46. Macro Bank has a one year low of $38.30 and a one year high of $118.42.

Macro Bank (NYSE:BMA) last announced its earnings results 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). Macro Bank had a return on equity of 8.15% and a net margin of 6.11%.The company had revenue of $668.70 million during the quarter, compared to analysts’ expectations of $590.57 million. On average, equities research analysts anticipate that Macro Bank will post 7.84 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 16th were paid a $0.3585 dividend. This is a boost from Macro Bank’s previous monthly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. Macro Bank’s dividend payout ratio is presently 194.57%.

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.