Macro Bank (NYSE:BMA) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Macro Bank Inc. (NYSE:BMA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $71.64 and traded as high as $101.40. Macro Bank shares last traded at $97.93, with a volume of 272,916 shares.

Analyst Ratings Changes

BMA has been the subject of several research reports. UBS Group assumed coverage on shares of Macro Bank in a research report on Wednesday, November 19th. They set a “buy” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Macro Bank from $79.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Citigroup upgraded Macro Bank from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. Itau BBA Securities raised Macro Bank from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. Finally, Hsbc Global Res downgraded Macro Bank from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.75.

Macro Bank Stock Up 1.3%

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 price is $88.52 and its 200-day moving average price is $71.64. The company has a market cap of $6.26 billion, a P/E ratio of 44.31, a PEG ratio of 1.02 and a beta of 1.49.

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

Macro Bank Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Thursday, January 22nd will be paid a dividend of $0.3557 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, January 22nd. Macro Bank’s payout ratio is 193.21%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BMA. Advisory Services Network LLC bought a new stake in shares of Macro Bank during the third quarter worth about $46,000. Van ECK Associates Corp acquired a new position in Macro Bank during the 3rd quarter valued at about $72,000. Advisors Preferred LLC bought a new stake in Macro Bank during the 3rd quarter worth approximately $117,000. Aquatic Capital Management LLC bought a new stake in Macro Bank during the 3rd quarter worth approximately $151,000. Finally, Quantbot Technologies LP raised its stake in shares of Macro Bank by 46.8% in the third quarter. Quantbot Technologies LP now owns 4,856 shares of the bank’s stock worth $205,000 after purchasing an additional 1,548 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.