Macro Bank (NYSE:BMA) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Macro Bank Inc. (NYSE:BMA)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $84.74 and traded as high as $91.82. Macro Bank shares last traded at $90.6550, with a volume of 210,980 shares traded.

Wall Street Analyst Weigh In

Several brokerages have commented on BMA. Weiss Ratings upgraded shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. increased their target price on Macro Bank from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, May 5th. Wall Street Zen raised Macro Bank from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $111.25.

Macro Bank Trading Up 0.6%

The firm has a market capitalization of $5.79 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 0.58 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day moving average of $87.98 and a 200-day moving average of $84.74.

Macro Bank (NYSE:BMA) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31. Macro Bank had a return on equity of 8.42% and a net margin of 5.81%.The firm had revenue of $412.19 million for the quarter, compared to the consensus estimate of $837.75 million. On average, sell-side analysts anticipate that Macro Bank Inc. will post 5.2 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd were paid a $0.5296 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Tuesday, June 2nd. Macro Bank’s payout ratio is presently 128.84%.

Hedge Funds Weigh In On Macro Bank

Several large investors have recently made changes to their positions in the business. Compass Rose Asset Management LP bought a new position in Macro Bank during the fourth quarter worth $6,437,000. JPMorgan Chase & Co. raised its stake in shares of Macro Bank by 42.6% in the third quarter. JPMorgan Chase & Co. now owns 113,983 shares of the bank’s stock valued at $4,820,000 after purchasing an additional 34,036 shares in the last quarter. Hsbc Holdings PLC lifted its position in Macro Bank by 85.7% in the fourth quarter. Hsbc Holdings PLC now owns 37,228 shares of the bank’s stock worth $3,315,000 after purchasing an additional 17,185 shares during the period. Aquamarine Financial Cayman Ltd boosted its stake in Macro Bank by 23.8% during the fourth quarter. Aquamarine Financial Cayman Ltd now owns 564,501 shares of the bank’s stock worth $50,895,000 after buying an additional 108,540 shares in the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new stake in Macro Bank during the fourth quarter worth $3,834,000.

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.