Macro Bank (NYSE:BMA) Stock Price Up 8.5% – Time to Buy?

Macro Bank Inc. (NYSE:BMA) shares rose 8.5% during mid-day trading on Thursday . The stock traded as high as $95.79 and last traded at $95.08. Approximately 108,651 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 320,325 shares. The stock had previously closed at $87.65.

Wall Street Analysts Forecast Growth

BMA has been the topic of several recent research reports. HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, May 5th. The Goldman Sachs Group dropped their price target on Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Macro Bank Trading Up 10.0%

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50-day moving average of $78.83 and a 200-day moving average of $83.30. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 0.56 and a beta of 1.42.

Macro Bank (NYSE:BMA) last released its 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 for 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%. Research analysts anticipate that Macro Bank Inc. will post 5.2 EPS for the current year.

Macro Bank Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 2nd were paid a $0.5296 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 6.6%. Macro Bank’s dividend payout ratio (DPR) is currently 134.04%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BMA. PointState Capital LP lifted its stake in Macro Bank by 266.9% in the 4th quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock valued at $77,311,000 after purchasing an additional 623,755 shares during the last quarter. Candriam S.C.A. acquired a new position in Macro Bank during the third quarter worth approximately $13,643,000. Millennium Management LLC raised its stake in Macro Bank by 100.7% in the third quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock valued at $24,325,000 after buying an additional 288,614 shares during the period. Fundamenta Capital S.A. acquired a new stake in shares of Macro Bank in the fourth quarter valued at approximately $17,130,000. Finally, Cape Ann Asset Management Ltd lifted its position in shares of Macro Bank by 66.2% in the third quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock valued at $19,505,000 after buying an additional 183,700 shares during the last quarter.

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.