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

Key Points

• Analysts give Macro Bank a consensus rating of Hold from eight firms (2 sell, 1 hold, 5 buy) with an average 1‑year price target of $102.60.
• Major institutions including Goldman Sachs, Jane Street, JPMorgan, NewEdge and Jones Financial have recently increased positions in BMA, signaling growing institutional interest.
• Macro Bank raised its monthly dividend to $0.4074 (annualized yield ~6.5%), but the payout ratio is high at 148.6%, raising questions about sustainability.

Shares of Macro Bank Inc. (NYSE:BMA - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $102.60.

BMA has been the topic of a number of research reports. Weiss Ratings restated a "sell (d)" rating on shares of Macro Bank in a report on Friday, March 27th. Wall Street Zen upgraded Macro Bank from a "sell" rating to a "hold" rating in a report on Sunday, March 1st. The Goldman Sachs Group dropped their price objective on Macro Bank from $111.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, March 2nd. Finally, Zacks Research downgraded Macro Bank from a "hold" rating to a "strong sell" rating in a report on Monday, February 9th.

Hedge Funds Weigh In On Macro Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BMA. NewEdge Advisors LLC acquired a new position in Macro Bank during the first quarter valued at approximately $704,000. Jones Financial Companies Lllp grew its holdings in Macro Bank by 271,350.0% during the first quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank's stock valued at $410,000 after purchasing an additional 5,427 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Macro Bank by 47.8% during the first quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank's stock valued at $5,045,000 after purchasing an additional 21,613 shares during the last quarter. Jane Street Group LLC grew its holdings in Macro Bank by 106.5% during the first quarter. Jane Street Group LLC now owns 13,705 shares of the bank's stock valued at $1,035,000 after purchasing an additional 7,067 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Macro Bank by 14.6% during the second quarter. JPMorgan Chase & Co. now owns 79,947 shares of the bank's stock valued at $5,613,000 after purchasing an additional 10,211 shares during the last quarter.

Macro Bank Trading Down 3.9%

NYSE:BMA opened at $74.64 on Friday. The stock's 50 day moving average price is $77.35 and its 200 day moving average price is $81.18. Macro Bank has a 52 week low of $38.30 and a 52 week high of $106.15. The company has a market capitalization of $4.77 billion, a P/E ratio of 22.69, a P/E/G ratio of 0.60 and a beta of 1.52. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.16 and a current ratio of 1.11.

Macro Bank (NYSE:BMA - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The bank reported $0.11 EPS for the quarter. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%.The firm had revenue of $312.24 million for the quarter. On average, research analysts forecast that Macro Bank will post 4.68 EPS for the current fiscal year.

Macro Bank Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, April 20th will be issued a $0.4074 dividend. This is an increase from Macro Bank's previous monthly dividend of $0.40. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Monday, April 20th. Macro Bank's dividend payout ratio is currently 148.63%.

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.

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