Macro Bank Inc. (NYSE:BMA) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts give Macro Bank an average "Hold" rating from eight firms (2 sell, 1 hold, 5 buy) with a 12‑month average target of $102.60; recent notes include Goldman lowering its target to $98 (still buy), HSBC cutting to hold and Zacks downgrading to "strong sell".
• Macro Bank raised its monthly dividend to $0.4007 (paid Mar 27), implying a 6.9% yield, but the payout ratio is an elevated 146.2%, which raises sustainability concerns.
• Shares opened at $69.36 and trade in a one‑year range of $38.30–$106.15, with a market cap of $4.43B and a P/E ratio of 21.08.

Shares of Macro Bank Inc. (NYSE:BMA - Get Free Report) have been assigned an average recommendation of "Hold" from the eight ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $102.60.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Macro Bank in a research note on Monday, December 29th. Zacks Research downgraded shares of Macro Bank from a "hold" rating to a "strong sell" rating in a report on Monday, February 9th. The Goldman Sachs Group decreased their price target on shares of Macro Bank from $111.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, March 2nd. HSBC downgraded shares of Macro Bank from a "buy" rating to a "hold" rating and set a $80.00 price objective on the stock. in a report on Monday, December 15th. Finally, Wall Street Zen upgraded shares of Macro Bank from a "sell" rating to a "hold" rating in a research note on Sunday, March 1st.

Institutional Trading of Macro Bank

Several institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its position 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. Advisory Services Network LLC acquired a new stake in Macro Bank in the 3rd quarter valued at about $46,000. Van ECK Associates Corp bought a new position in shares of Macro Bank in the third quarter worth about $72,000. Mariner LLC bought a new position in shares of Macro Bank in the fourth quarter worth about $214,000. Finally, HRT Financial LP acquired a new position in shares of Macro Bank during the fourth quarter worth approximately $237,000.

Macro Bank Stock Performance

Shares of NYSE BMA opened at $69.36 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.16. Macro Bank has a one year low of $38.30 and a one year high of $106.15. The business's 50-day moving average price is $84.00 and its two-hundred day moving average price is $77.03. The company has a market capitalization of $4.43 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 0.54 and a beta of 1.51.

Macro Bank (NYSE:BMA - Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The bank reported $0.11 EPS for the quarter. The company had revenue of $312.24 million for the quarter. Macro Bank had a net margin of 4.99% and a return on equity of 6.85%. Analysts anticipate that Macro Bank will post 7.84 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 20th were issued a $0.4007 dividend. This is a boost from Macro Bank's previous monthly dividend of $0.38. The ex-dividend date of this dividend was Friday, March 20th. This represents a c) annualized dividend and a yield of 6.9%. Macro Bank's payout ratio is presently 146.20%.

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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