Macro Bank Inc. (NYSE:BMA) Given Consensus Rating of “Moderate Buy” by Analysts

Macro Bank Inc. (NYSE:BMA) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $108.25.

BMA has been the topic of several recent research reports. Wall Street Zen raised shares of Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a report on Friday, March 27th. The Goldman Sachs Group dropped their price objective on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. HSBC raised shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, May 5th. Finally, Zacks Research raised shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd.

Macro Bank Stock Up 1.2%

Macro Bank stock opened at $99.03 on Friday. Macro Bank has a twelve month low of $38.30 and a twelve month high of $106.15. The firm has a 50 day moving average price of $79.66 and a 200-day moving average price of $83.58. The company has a market capitalization of $6.33 billion, a P/E ratio of 23.41, a P/E/G ratio of 0.63 and a beta of 1.42. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.29.

Macro Bank (NYSE:BMA) last released its earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. Macro Bank had a net margin of 5.81% and a return on equity of 8.47%. The firm had revenue of $412.19 million during the quarter, compared to the consensus estimate of $837.76 million. As a group, equities analysts predict that Macro Bank will post 5.2 EPS for the current 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 paid a dividend of $0.5296 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Tuesday, June 2nd. Macro Bank’s payout ratio is presently 134.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BMA. PointState Capital LP grew its position in shares of Macro Bank by 266.9% during the 4th quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock valued at $77,311,000 after purchasing an additional 623,755 shares in the last quarter. Millennium Management LLC grew its position in shares of Macro Bank by 100.7% during the 3rd quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock valued at $24,325,000 after purchasing an additional 288,614 shares in the last quarter. Fundamenta Capital S.A. purchased a new position in shares of Macro Bank during the 4th quarter valued at $17,130,000. Cape Ann Asset Management Ltd grew its position in shares of Macro Bank by 66.2% during the 3rd quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock valued at $19,505,000 after purchasing an additional 183,700 shares in the last quarter. Finally, Verition Fund Management LLC grew its position in shares of Macro Bank by 1,060.6% during the 4th quarter. Verition Fund Management LLC now owns 138,760 shares of the bank’s stock valued at $12,511,000 after purchasing an additional 126,804 shares in the last quarter.

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.