Macro Bank (NYSE:BMA) Stock Price Up 5.8% – What’s Next?

Macro Bank Inc. (NYSE:BMA)’s stock price was up 5.8% during trading on Friday . The company traded as high as $94.88 and last traded at $95.0740. 119,768 shares were traded during mid-day trading, a decline of 62% from the average session volume of 315,342 shares. The stock had previously closed at $89.82.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BMA. JPMorgan Chase & Co. increased their price target on Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. HSBC upgraded 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. Weiss Ratings raised shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Zacks Research raised shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Finally, Wall Street Zen raised shares of Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $111.25.

Macro Bank Price Performance

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 stock has a 50 day moving average price of $85.81 and a two-hundred day moving average price of $84.74. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 0.61 and a beta of 1.43.

Macro Bank (NYSE:BMA) last posted its earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $837.75 million. As a group, analysts expect that Macro Bank Inc. will post 5.2 EPS for the current year.

Macro Bank Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $0.5296 per share. The ex-dividend date was Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 6.7%. Macro Bank’s dividend payout ratio is 128.84%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new position in shares of Macro Bank in the third quarter valued at approximately $46,000. SBI Securities Co. Ltd. lifted its holdings in Macro Bank by 43.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after buying an additional 214 shares in the last quarter. Van ECK Associates Corp purchased a new position in Macro Bank in the 3rd quarter valued at approximately $72,000. Aquatic Capital Management LLC purchased a new position in Macro Bank in the 3rd quarter valued at approximately $151,000. Finally, Mariner LLC purchased a new position in Macro Bank in the 4th quarter valued at approximately $214,000.

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.