Macro Bank Inc. (NYSE:BMA) Given Consensus Rating of "Hold" by Analysts

Key Points

• Macro Bank Inc. (NYSE:BMA) has been given a consensus rating of "Hold" by analysts, with one sell rating, four holds, two buys, and one strong buy rating among eight analysts covering the stock.
• The bank recently reported earnings of $1.95 per share, missing analyst expectations, while also having a strong revenue figure of $834.78 million compared to estimates of $752.51 million.
• Macro Bank declared a monthly dividend of $0.3665, resulting in a dividend yield of 10.2%, indicating a strong return for shareholders despite a slight decrease from the previous month's payout.

Shares of Macro Bank Inc. (NYSE:BMA - Get Free Report) have been given a consensus recommendation of "Hold" by the eight analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $66.6250.

BMA has been the subject of a number of research analyst reports. Citigroup downgraded Macro Bank from a "buy" rating to a "hold" rating in a research report on Thursday, September 11th. Weiss Ratings restated a "hold (c-)" rating on shares of Macro Bank in a research report on Saturday, September 27th. Zacks Research downgraded Macro Bank from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. Hsbc Global Res upgraded Macro Bank to a "strong-buy" rating in a research report on Wednesday, October 1st. Finally, HSBC upgraded Macro Bank from a "hold" rating to a "buy" rating and cut their target price for the stock from $104.00 to $80.00 in a research report on Wednesday, October 1st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Macro Bank in the first quarter valued at $31,000. SBI Securities Co. Ltd. raised its stake in Macro Bank by 19.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 775 shares of the bank's stock valued at $59,000 after purchasing an additional 124 shares during the period. GAMMA Investing LLC raised its stake in Macro Bank by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 1,029 shares of the bank's stock valued at $78,000 after purchasing an additional 245 shares during the period. Burns Matteson Capital Management LLC raised its stake in Macro Bank by 30.4% during the 1st quarter. Burns Matteson Capital Management LLC now owns 2,679 shares of the bank's stock valued at $202,000 after purchasing an additional 624 shares during the period. Finally, Deuterium Capital Management LLC acquired a new stake in Macro Bank during the 1st quarter valued at $218,000.

Macro Bank Stock Performance

Shares of NYSE BMA opened at $43.04 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $57.54 and a 200-day simple moving average of $71.67. The company has a market cap of $2.75 billion, a PE ratio of 3.77, a P/E/G ratio of 0.80 and a beta of 1.54. Macro Bank has a 12-month low of $38.30 and a 12-month high of $118.42.

Macro Bank (NYSE:BMA - Get Free Report) last released its earnings results on Wednesday, August 27th. The bank reported $1.95 earnings per share for the quarter, missing analysts' consensus estimates of $1.99 by ($0.04). The firm had revenue of $834.78 million during the quarter, compared to analyst estimates of $752.51 million. Macro Bank had a return on equity of 10.99% and a net margin of 8.32%. On average, equities research analysts forecast that Macro Bank will post 7.84 EPS for the current year.

Macro Bank Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 19th were issued a $0.3665 dividend. This is an increase from Macro Bank's previous monthly dividend of $0.37. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend was Friday, September 19th. Macro Bank's dividend payout ratio is currently 38.48%.

About Macro Bank

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.

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