Macro Bank Inc. (NYSE:BMA) Receives Consensus Recommendation of “Hold” from Analysts

Macro Bank Inc. (NYSE:BMA) has received an average recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $102.60.

A number of analysts recently commented on BMA shares. Zacks Research lowered Macro Bank from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Wall Street Zen upgraded shares of Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. HSBC lowered shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research note on Monday, December 15th. The Goldman Sachs Group dropped their price target on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Macro Bank in a report on Monday, December 29th.

Hedge Funds Weigh In On Macro Bank

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new stake in Macro Bank during the 1st quarter worth approximately $704,000. Jones Financial Companies Lllp lifted its holdings in shares of Macro Bank by 271,350.0% in the first quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock valued at $410,000 after purchasing an additional 5,427 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Macro Bank by 47.8% in the first quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank’s stock valued at $5,045,000 after purchasing an additional 21,613 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Macro Bank by 106.5% during the first quarter. Jane Street Group LLC now owns 13,705 shares of the bank’s stock worth $1,035,000 after buying an additional 7,067 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Macro Bank by 3.3% during the second quarter. Cetera Investment Advisers now owns 13,925 shares of the bank’s stock worth $978,000 after buying an additional 449 shares in the last quarter.

Macro Bank Stock Up 0.1%

NYSE:BMA opened at $69.36 on Monday. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 0.54 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.16 and a current ratio of 1.11. The stock’s fifty day moving average price is $84.00 and its two-hundred day moving average price is $77.03. Macro Bank has a 52-week low of $38.30 and a 52-week high of $106.15.

Macro Bank (NYSE:BMA) last released its earnings results on Saturday, February 14th. The bank reported $0.11 EPS for the quarter. The company had revenue of $312.24 million during the quarter. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%. On average, analysts anticipate that Macro Bank will post 7.84 EPS for the current year.

Macro Bank Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 20th were given a dividend of $0.4007 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Friday, March 20th. This is a positive change from Macro Bank’s previous monthly dividend of $0.38. Macro Bank’s dividend payout ratio is presently 146.20%.

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.