Macro Bank Inc. (NYSE:BMA) Receives Average Rating of “Hold” from Brokerages

Macro Bank Inc. (NYSE:BMA) has earned an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $102.60.

A number of brokerages have issued reports on BMA. HSBC lowered Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a research note on Monday, December 15th. Zacks Research lowered Macro Bank from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. The Goldman Sachs Group decreased their target price on Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st.

Macro Bank Trading Down 0.1%

Shares of NYSE:BMA opened at $77.42 on Monday. The company has a 50 day moving average of $82.08 and a 200-day moving average of $78.17. The company has a current ratio of 1.11, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.95 billion, a P/E ratio of 23.53, a P/E/G ratio of 0.60 and a beta of 1.52. Macro Bank has a twelve month low of $38.30 and a twelve month high of $106.15.

Macro Bank (NYSE:BMA) last posted its quarterly earnings data on Saturday, February 14th. The bank reported $0.11 EPS for the quarter. Macro Bank had a net margin of 4.99% and a return on equity of 6.85%. The business had revenue of $312.24 million for the quarter. As a group, analysts anticipate that Macro Bank will post 7.84 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 20th were paid a $0.4007 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 6.2%. This is an increase from Macro Bank’s previous monthly dividend of $0.38. Macro Bank’s dividend payout ratio is presently 146.20%.

Institutional Trading of Macro Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in BMA. SBI Securities Co. Ltd. boosted its holdings in 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 in the last quarter. Advisory Services Network LLC bought a new position in shares of Macro Bank in the third quarter valued at $46,000. Van ECK Associates Corp bought a new position in shares of Macro Bank in the third quarter valued at $72,000. Mariner LLC acquired a new stake in shares of Macro Bank during the 4th quarter valued at $214,000. Finally, HRT Financial LP acquired a new stake in shares of Macro Bank during the 4th quarter valued at $237,000.

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.