Macro Bank Inc. (NYSE:BMA) Stock Has Consensus Price Target of $101.25 According to Brokerages

Shares of Macro Bank Inc. (NYSE:BMA – Get Free Report) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $101.25.

BMA has been the topic of a number of research analyst reports. Weiss Ratings downgraded Macro Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, September 29th. UBS Group dropped their price target on Macro Bank from $130.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. 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 note on Thursday, June 25th. Wall Street Zen downgraded Macro Bank from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, Itau BBA Securities lowered Macro Bank from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 3rd.

Check Out Our Latest Report on Macro Bank

Institutional Trading of Macro Bank

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in shares of Macro Bank by 93.3% during the third quarter. Farther Finance Advisors LLC now owns 634 shares of the bank’s stock worth $42,000 after purchasing an additional 306 shares during the period. NewEdge Advisors LLC purchased a new position in Macro Bank during the second quarter valued at approximately $310,000. Squarepoint Ops LLC increased its stake in Macro Bank by 36.7% in the 2nd quarter. Squarepoint Ops LLC now owns 4,623 shares of the bank’s stock valued at $428,000 after buying an additional 1,242 shares during the period. Deltec Asset Management LLC increased its stake in Macro Bank by 51.8% in the 1st quarter. Deltec Asset Management LLC now owns 12,600 shares of the bank’s stock valued at $975,000 after buying an additional 4,300 shares during the period. Finally, Titan Global Capital Management USA LLC increased its stake in Macro Bank by 5.5% in the 1st quarter. Titan Global Capital Management USA LLC now owns 13,276 shares of the bank’s stock valued at $1,027,000 after buying an additional 690 shares during the period.

Macro Bank Trading Down 2.6%

NYSE BMA opened at $62.67 on Friday. Macro Bank has a twelve month low of $55.35 and a twelve month high of $106.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.10. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 0.29 and a beta of 1.37. The firm’s 50 day moving average price is $72.19 and its two-hundred day moving average price is $80.75.

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

About Macro Bank

(Get Free Report)

Banco Macro SA is an Argentine financial institution headquartered in Buenos Aires and listed on the New York Stock Exchange under the symbol BMA. The bank provides banking and financial services to individuals, small and medium-sized businesses, corporate customers and public-sector entities throughout Argentina.

Its offerings include deposit accounts, personal and commercial loans, credit and debit cards, insurance, investment and cash-management products, foreign-exchange services and electronic banking.

See Also

Analyst Recommendations for Macro Bank (NYSE:BMA)

Receive News & Ratings for Macro Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macro Bank and related companies with MarketBeat.com's FREE daily email newsletter.