Analysts Set Macro Bank Inc. (NYSE:BMA) Price Target at $103.75

Macro Bank Inc. (NYSE:BMA) has received an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $103.75.

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Macro Bank to a “strong-buy” rating in a report on Monday, November 10th. HSBC cut Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a report on Monday, December 15th. Zacks Research upgraded Macro Bank from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Finally, Itau BBA Securities raised Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th.

Macro Bank Trading Up 0.7%

Shares of BMA stock opened at $90.66 on Friday. Macro Bank has a 12 month low of $38.30 and a 12 month high of $118.42. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $79.30 and its two-hundred day moving average is $68.03. The company has a market cap of $5.79 billion, a PE ratio of 41.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.47.

Macro Bank (NYSE:BMA) last issued its quarterly earnings data on Wednesday, November 26th. The bank reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.06). Macro Bank had a return on equity of 8.15% and a net margin of 6.11%.The firm had revenue of $668.70 million during the quarter, compared to analyst estimates of $590.57 million. Equities analysts predict that Macro Bank will post 7.84 EPS for the current year.

Macro Bank Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 16th will be paid a dividend of $0.3585 per share. This is a positive change from Macro Bank’s previous monthly dividend of $0.35. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, December 16th. Macro Bank’s dividend payout ratio is presently 194.57%.

Institutional Trading of Macro Bank

Institutional investors have recently modified their holdings of the company. Titan Global Capital Management USA LLC lifted its position in Macro Bank by 4.0% in the second quarter. Titan Global Capital Management USA LLC now owns 8,368 shares of the bank’s stock worth $588,000 after purchasing an additional 323 shares during the period. Freedom Investment Management Inc. lifted its holdings in shares of Macro Bank by 6.1% during the 1st quarter. Freedom Investment Management Inc. now owns 6,539 shares of the bank’s stock worth $494,000 after acquiring an additional 375 shares during the period. Cetera Investment Advisers boosted its position in shares of Macro Bank by 3.3% during the 2nd quarter. Cetera Investment Advisers now owns 13,925 shares of the bank’s stock valued at $978,000 after acquiring an additional 449 shares in the last quarter. HUB Investment Partners LLC boosted its position in shares of Macro Bank by 13.4% during the 2nd quarter. HUB Investment Partners LLC now owns 3,828 shares of the bank’s stock valued at $269,000 after acquiring an additional 452 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its stake in Macro Bank by 9.1% in the third quarter. Insigneo Advisory Services LLC now owns 10,473 shares of the bank’s stock valued at $443,000 after acquiring an additional 870 shares during the period.

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.