Macro Bank Inc. (NYSE:BMA) Receives $111.25 Consensus Target Price from Analysts

Shares of Macro Bank Inc. (NYSE:BMA) have been assigned a consensus rating of “Buy” from the eight brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $111.25.

A number of analysts recently commented on the company. Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings upgraded Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. JPMorgan Chase & Co. upped their price objective on Macro Bank from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, May 5th. Finally, Wall Street Zen upgraded Macro Bank from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th.

Institutional Trading of Macro Bank

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its position in shares of Macro Bank by 43.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after acquiring an additional 214 shares during the period. Advisory Services Network LLC purchased a new position in Macro Bank in the third quarter valued at approximately $46,000. Van ECK Associates Corp bought a new position in Macro Bank during the third quarter valued at $72,000. Mariner LLC bought a new position in Macro Bank during the fourth quarter valued at $214,000. Finally, HRT Financial LP purchased a new stake in Macro Bank in the fourth quarter worth $237,000.

Macro Bank Trading Down 1.2%

NYSE:BMA opened at $91.62 on Friday. Macro Bank has a 52 week low of $38.30 and a 52 week high of $106.15. The firm has a 50-day moving average price of $92.07 and a two-hundred day moving average price of $84.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 0.59 and a beta of 1.46.

Macro Bank (NYSE:BMA) last announced its earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31. The firm had revenue of $412.19 million for the quarter, compared to the consensus estimate of $837.75 million. Macro Bank had a return on equity of 8.42% and a net margin of 5.81%. On average, equities analysts expect that Macro Bank will post 5.21 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were issued a dividend of $0.5296 per share. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Tuesday, June 2nd. Macro Bank’s dividend payout ratio (DPR) is 128.84%.

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.