Macro Bank (NYSE:BMA) Posts Earnings Results, Beats Estimates By $0.46 EPS

Macro Bank (NYSE:BMA) released its quarterly earnings data on Wednesday. The bank reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.46, FiscalAI reports. The company had revenue of $406.86 million for the quarter, compared to analysts’ expectations of $946.46 million. Macro Bank had a net margin of 5.81% and a return on equity of 8.42%.

Macro Bank Stock Performance

Shares of BMA traded down $1.20 on Wednesday, reaching $74.88. 301,063 shares of the company’s stock traded hands, compared to its average volume of 306,921. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. The stock has a market cap of $4.78 billion, a PE ratio of 17.70, a PEG ratio of 0.49 and a beta of 1.46. The stock’s 50 day simple moving average is $90.91 and its two-hundred day simple moving average is $83.71. Macro Bank has a 52-week low of $38.30 and a 52-week high of $106.15.

Macro Bank Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd were issued a $0.5296 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 8.5%. Macro Bank’s dividend payout ratio is currently 128.61%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BMA. Advisory Services Network LLC purchased a new stake in shares of Macro Bank during the 3rd quarter valued at $46,000. Van ECK Associates Corp purchased a new position in shares of Macro Bank in the 3rd quarter worth about $72,000. Aquatic Capital Management LLC bought a new position in Macro Bank during the third quarter valued at about $151,000. Mariner LLC bought a new position in Macro Bank during the fourth quarter valued at about $214,000. Finally, HRT Financial LP purchased a new stake in Macro Bank during the fourth quarter worth about $237,000.

Analyst Upgrades and Downgrades

BMA has been the subject of a number of research analyst reports. Weiss Ratings raised Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, May 5th. Wall Street Zen upgraded Macro Bank from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. JPMorgan Chase & Co. upped their target price on Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Finally, Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Macro Bank currently has an average rating of “Buy” and a consensus target price of $111.25.

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.