Macro Bank (NYSE:BMA) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Macro Bank (NYSE:BMAFree Report) from a strong-buy rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Other research analysts have also recently issued reports about the company. Weiss Ratings upgraded Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Zacks Research raised shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Itau BBA Securities cut Macro Bank from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.25.

View Our Latest Stock Analysis on Macro Bank

Macro Bank Stock Performance

BMA opened at $78.72 on Friday. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 0.35 and a beta of 1.38. Macro Bank has a 52-week low of $38.30 and a 52-week high of $106.15. The firm’s fifty day simple moving average is $85.98 and its two-hundred day simple moving average is $82.18. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.26.

Macro Bank (NYSE:BMAGet Free Report) last posted its quarterly earnings data on Thursday, August 20th. The bank reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.43. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $946.46 million. Macro Bank had a return on equity of 8.65% and a net margin of 5.95%. Equities analysts anticipate that Macro Bank will post 8.35 earnings per share for the current fiscal year.

Institutional Trading of Macro Bank

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of Macro Bank in the third quarter valued at $46,000. SBI Securities Co. Ltd. grew its stake 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 purchasing an additional 214 shares in the last quarter. Van ECK Associates Corp purchased a new stake in Macro Bank during the 3rd quarter worth about $72,000. Aquatic Capital Management LLC purchased a new stake in Macro Bank during the 3rd quarter worth about $151,000. Finally, Mariner LLC acquired a new stake in Macro Bank in the 4th quarter valued at about $214,000.

About Macro Bank

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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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Analyst Recommendations for Macro Bank (NYSE:BMA)

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