Macro Bank Inc. (NYSE:BMA) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Macro Bank Inc. (NYSE:BMA) have earned a consensus rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $111.25.

A number of analysts have recently commented on BMA shares. Weiss Ratings upgraded Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. 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 report on Tuesday, May 5th. Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price objective on Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Finally, Wall Street Zen raised shares of Macro Bank from a “buy” rating to a “strong-buy” rating in a research note on Sunday.

Institutional Trading of Macro Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its holdings in Macro Bank by 43.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after buying an additional 214 shares in the last quarter. HUB Investment Partners LLC raised its holdings in shares of Macro Bank by 13.4% during the 2nd quarter. HUB Investment Partners LLC now owns 3,828 shares of the bank’s stock worth $269,000 after acquiring an additional 452 shares during the period. Titan Global Capital Management USA LLC raised its holdings in shares of Macro Bank by 5.5% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,276 shares of the bank’s stock worth $1,027,000 after acquiring an additional 690 shares during the period. Advisory Services Network LLC acquired a new position in shares of Macro Bank during the 3rd quarter valued at about $46,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of Macro Bank by 1.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 85,228 shares of the bank’s stock valued at $5,984,000 after acquiring an additional 1,160 shares during the last quarter.

Macro Bank Trading Up 1.6%

NYSE BMA opened at $92.09 on Wednesday. Macro Bank has a 1 year low of $38.30 and a 1 year high of $106.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $5.88 billion, a PE ratio of 21.77, a P/E/G ratio of 0.58 and a beta of 1.43. The company has a fifty day moving average of $86.63 and a 200 day moving average of $84.71.

Macro Bank (NYSE:BMA) last announced its quarterly earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.31. The company had revenue of $412.19 million for the quarter, compared to the consensus estimate of $837.75 million. Macro Bank had a return on equity of 8.42% and a net margin of 5.81%. Research analysts forecast that Macro Bank will post 5.2 earnings per share for the current year.

Macro Bank Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were issued a dividend of $0.5296 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 6.9%. Macro Bank’s dividend payout ratio is 128.84%.

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.