Brokerages Set Macro Bank Inc. (NYSE:BMA) Target Price at $102.60

Macro Bank Inc. (NYSE:BMA) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $102.60.

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Macro Bank from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. HSBC downgraded shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a report on Monday, December 15th. UBS Group started coverage on Macro Bank in a report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 target price on the stock. Zacks Research downgraded Macro Bank from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 29th.

Macro Bank Stock Performance

BMA stock opened at $70.20 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.11 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 0.35 and a beta of 1.51. Macro Bank has a 12 month low of $38.30 and a 12 month high of $106.15. The firm has a 50 day moving average of $90.62 and a two-hundred day moving average of $75.62.

Macro Bank (NYSE:BMA) last announced its earnings results on Thursday, February 26th. The bank reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.60. The firm had revenue of $708.92 million during the quarter, compared to analysts’ expectations of $739.97 million. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%. As a group, equities analysts anticipate that Macro Bank will post 7.84 EPS for the current fiscal year.

Macro Bank Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th were given a dividend of $0.3822 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Thursday, February 19th. This is a positive change from Macro Bank’s previous monthly dividend of $0.36. Macro Bank’s dividend payout ratio is presently 139.51%.

Hedge Funds Weigh In On Macro Bank

Several institutional investors and hedge funds have recently made changes to their positions in BMA. Advisory Services Network LLC bought a new stake in Macro Bank during the 3rd quarter worth approximately $46,000. SBI Securities Co. Ltd. boosted its position in shares of Macro Bank by 43.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after buying an additional 214 shares during the period. Van ECK Associates Corp acquired a new position in shares of Macro Bank during the third quarter worth about $72,000. Advisors Preferred LLC bought a new position in shares of Macro Bank during the 3rd quarter worth approximately $117,000. Finally, Aquatic Capital Management LLC bought a new position in Macro Bank in the third quarter valued at $151,000.

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.