Macro Bank Inc. (NYSE:BMA) Given Consensus Rating of “Hold” by Analysts
by Doug Wharley · The Cerbat GemShares of Macro Bank Inc. (NYSE:BMA – Get Free Report) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $102.60.
Several analysts have issued reports on BMA shares. HSBC downgraded shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research note on Monday, December 15th. The Goldman Sachs Group reduced their price target 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 reissued a “sell (d)” rating on shares of Macro Bank in a research note on Friday, March 27th. Zacks Research cut Macro Bank from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Finally, Wall Street Zen raised 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 BMA opened at $77.42 on Monday. Macro Bank has a twelve month low of $38.30 and a twelve month high of $106.15. The company 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. 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 company’s fifty day simple moving average is $82.08 and its 200-day simple moving average is $77.69.
Macro Bank (NYSE:BMA – Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The bank reported $0.11 EPS for the quarter. The firm had revenue of $312.24 million during the quarter. Macro Bank had a net margin of 4.99% and a return on equity of 6.85%. As a group, analysts expect that Macro Bank will post 7.84 EPS for the current year.
Macro Bank Increases Dividend
The business also recently declared a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 20th were issued a $0.4007 dividend. The ex-dividend date was Friday, March 20th. This is a boost from Macro Bank’s previous monthly dividend of $0.38. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. Macro Bank’s dividend payout ratio (DPR) is currently 145.90%.
Institutional Investors Weigh In On Macro Bank
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BMA. SBI Securities Co. Ltd. boosted its position in Macro Bank by 43.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after buying an additional 214 shares during the period. Advisory Services Network LLC bought a new stake in shares of Macro Bank during the third quarter valued at approximately $46,000. Van ECK Associates Corp bought a new stake in shares of Macro Bank during the third quarter valued at approximately $72,000. Mariner LLC purchased a new stake in shares of Macro Bank in the fourth quarter valued at approximately $214,000. Finally, HRT Financial LP bought a new position in Macro Bank in the fourth quarter worth approximately $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.