Zacks Research Upgrades Macro Bank (NYSE:BMA) to Strong-Buy

Posted by Brian Himes on Jun 4th, 2026

Macro Bank (NYSE:BMA – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

BMA has been the subject of a number of other reports. HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, May 5th. The Goldman Sachs Group cut their price objective on Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded Macro Bank from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Check Out Our Latest Analysis on BMA

Macro Bank Stock Performance

BMA opened at $86.29 on Tuesday. Macro Bank has a 12-month low of $38.30 and a 12-month high of $106.15. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 0.57 and a beta of 1.42. The business has a 50 day moving average of $77.25 and a 200-day moving average of $83.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.29.

Macro Bank (NYSE:BMA – Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The bank reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%.The company had revenue of $412.19 million during the quarter, compared to analysts’ expectations of $837.76 million. On average, equities research analysts expect that Macro Bank will post 5.2 earnings per share for the current year.

Hedge Funds Weigh In On Macro Bank

A number of large investors have recently made changes to their positions in BMA. PointState Capital LP increased its stake in shares of Macro Bank by 266.9% during the fourth quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock worth $77,311,000 after purchasing an additional 623,755 shares during the period. Candriam S.C.A. bought a new position in shares of Macro Bank during the third quarter worth approximately $13,643,000. Millennium Management LLC increased its stake in shares of Macro Bank by 100.7% during the third quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock worth $24,325,000 after purchasing an additional 288,614 shares during the period. Fundamenta Capital S.A. bought a new position in Macro Bank during the 4th quarter worth $17,130,000. Finally, Cape Ann Asset Management Ltd increased its stake in Macro Bank by 66.2% during the 3rd quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock worth $19,505,000 after acquiring an additional 183,700 shares during the period.

Macro Bank Company Profile

(Get Free Report)

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.