Macro Bank (NYSE:BMA) Stock Price Up 8.5% – Time to Buy?

Macro Bank Inc. (NYSE:BMA)’s share price rose 8.5% during mid-day trading on Thursday . The stock traded as high as $95.79 and last traded at $95.08. Approximately 108,651 shares changed hands during trading, a decline of 66% from the average daily volume of 320,325 shares. The stock had previously closed at $87.65.

Analyst Upgrades and Downgrades

Several research firms have commented on BMA. Wall Street Zen upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Zacks Research raised shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research note on Friday, March 27th. The Goldman Sachs Group lowered their price target 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. Finally, HSBC upgraded shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Macro Bank presently has an average rating of “Moderate Buy” and an average target price of $108.25.

Macro Bank Price Performance

The company has a 50 day moving average of $78.83 and a 200-day moving average of $83.30. The firm has a market capitalization of $6.16 billion, a P/E ratio of 22.65, a P/E/G ratio of 0.56 and a beta of 1.42. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.29.

Macro Bank (NYSE:BMA) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.31. The business had revenue of $412.19 million during the quarter, compared to the consensus estimate of $837.76 million. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%. On average, sell-side analysts predict that Macro Bank Inc. will post 5.2 EPS for the current year.

Macro Bank Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were paid a $0.5296 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a c) annualized dividend and a yield of 6.6%. Macro Bank’s payout ratio is 134.04%.

Institutional Trading of Macro Bank

Several institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in shares of Macro Bank during the 3rd quarter valued at $46,000. SBI Securities Co. Ltd. lifted its position in shares of Macro Bank by 43.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after acquiring an additional 214 shares during the period. Van ECK Associates Corp bought a new stake in shares of Macro Bank during the 3rd quarter valued at $72,000. Advisors Preferred LLC bought a new stake in shares of Macro Bank during the 3rd quarter valued at $117,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Macro Bank during the 3rd quarter valued at $151,000.

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.