Macro Bank Inc. (NYSE:BMA) Receives $103.60 Average Price Target from Analysts

Shares of Macro Bank Inc. (NYSE:BMA) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $108.25.

A number of research analysts recently weighed in on the company. The Goldman Sachs Group reduced their target price on Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a report on Friday, March 27th. Zacks Research upgraded Macro Bank from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, May 5th. Finally, Wall Street Zen raised Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. raised its position in Macro Bank by 43.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after purchasing an additional 214 shares during the period. Advisory Services Network LLC purchased a new position in Macro Bank in the third quarter valued at about $46,000. Van ECK Associates Corp purchased a new position in Macro Bank in the third quarter valued at about $72,000. Mariner LLC purchased a new position in Macro Bank in the fourth quarter valued at about $214,000. Finally, HRT Financial LP purchased a new position in Macro Bank in the fourth quarter valued at about $237,000.

Macro Bank Price Performance

Shares of Macro Bank stock opened at $75.69 on Tuesday. Macro Bank has a twelve month low of $38.30 and a twelve month high of $106.15. The stock has a market capitalization of $4.84 billion, a P/E ratio of 23.01, a PEG ratio of 0.60 and a beta of 1.36. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average price is $74.38 and its 200 day moving average price is $83.14.

Macro Bank (NYSE:BMA) last issued its earnings results on Saturday, February 14th. The bank reported $0.11 earnings per share for the quarter. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%.The firm had revenue of $312.24 million for the quarter. As a group, research analysts anticipate that Macro Bank will post 4.71 earnings per share for the current year.

Macro Bank Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be given a $0.545 dividend. This represents a c) annualized dividend and a yield of 8.6%. This is a boost from Macro Bank’s previous monthly dividend of $0.41. The ex-dividend date of this dividend is Monday, May 18th. Macro Bank’s dividend payout ratio is 194.53%.

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.