Macro Bank Inc. (BMA) To Go Ex-Dividend on February 19th

Macro Bank Inc. (NYSE:BMA) announced a monthly dividend on Monday, February 9th. Shareholders of record on Thursday, February 19th will be paid a dividend of 0.3822 per share by the bank on Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, February 19th. This is a 7.5% increase from Macro Bank’s previous monthly dividend of $0.36.

Macro Bank has increased its dividend by an average of 0.2%annually over the last three years. Macro Bank has a dividend payout ratio of 36.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Macro Bank to earn $10.43 per share next year, which means the company should continue to be able to cover its $4.26 annual dividend with an expected future payout ratio of 40.8%.

Macro Bank Trading Up 1.9%

BMA opened at $95.13 on Wednesday. Macro Bank has a fifty-two week low of $38.30 and a fifty-two week high of $106.15. 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 company’s 50-day moving average is $92.50 and its 200 day moving average is $74.07. The firm has a market capitalization of $6.08 billion, a PE ratio of 43.04, a P/E/G ratio of 1.39 and a beta of 1.46.

Macro Bank (NYSE:BMA) last released its quarterly earnings results 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). Macro Bank had a return on equity of 8.15% and a net margin of 6.11%.The firm had revenue of $625.90 million for the quarter, compared to analysts’ expectations of $590.57 million. As a group, research analysts predict that Macro Bank will post 7.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group started coverage on Macro Bank in a research report on Wednesday, November 19th. They set a “buy” rating and a $130.00 price target for the company. Zacks Research upgraded shares of Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. The Goldman Sachs Group raised Macro Bank to a “strong-buy” rating in a report on Monday, November 10th. JPMorgan Chase & Co. lifted their price target on shares of Macro Bank from $79.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Macro Bank has a consensus rating of “Moderate Buy” and a consensus price target of $103.75.

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.