Macro Bank (NYSE:BMA) Stock Price Up 8.2% – Here’s What Happened

Macro Bank Inc. (NYSE:BMA)’s share price traded up 8.2% during mid-day trading on Thursday . The stock traded as high as $92.49 and last traded at $92.1280. 142,557 shares were traded during trading, a decline of 47% from the average session volume of 269,191 shares. The stock had previously closed at $85.16.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BMA. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a research note on Monday, December 29th. UBS Group assumed coverage on shares of Macro Bank in a research note on Wednesday, November 19th. They set a “buy” rating and a $130.00 target price for the company. Itau BBA Securities raised shares of Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. HSBC cut shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a report on Monday, December 15th. Finally, Citigroup raised Macro Bank from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Macro Bank presently has an average rating of “Moderate Buy” and an average price target of $103.75.

Macro Bank Stock Up 7.5%

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average is $92.51 and its 200-day moving average is $74.75. The stock has a market cap of $5.85 billion, a P/E ratio of 41.42, a price-to-earnings-growth ratio of 1.27 and a beta of 1.46.

Macro Bank (NYSE:BMA) last posted its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.06). The company had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $590.57 million. Macro Bank had a return on equity of 8.15% and a net margin of 6.11%. As a group, research analysts anticipate that Macro Bank Inc. will post 7.84 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.3822 per share. The ex-dividend date is Thursday, February 19th. This is a boost from Macro Bank’s previous monthly dividend of $0.36. This represents a c) annualized dividend and a dividend yield of 5.0%. Macro Bank’s dividend payout ratio (DPR) is currently 193.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new stake in Macro Bank in the first quarter valued at $704,000. Jones Financial Companies Lllp grew its holdings in Macro Bank by 271,350.0% during the first quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock worth $410,000 after purchasing an additional 5,427 shares during the period. Goldman Sachs Group Inc. increased its position in Macro Bank by 47.8% during the first quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank’s stock worth $5,045,000 after buying an additional 21,613 shares during the last quarter. Jane Street Group LLC raised its stake in Macro Bank by 106.5% in the first quarter. Jane Street Group LLC now owns 13,705 shares of the bank’s stock valued at $1,035,000 after buying an additional 7,067 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Macro Bank by 16.8% in the second quarter. Envestnet Asset Management Inc. now owns 32,747 shares of the bank’s stock valued at $2,299,000 after buying an additional 4,716 shares during the last quarter.

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.