Macro Bank (NYSE:BMA) Cut to Market Perform at Itau BBA Securities

Posted by on Sep 6th, 2026

Itau BBA Securities cut shares of Macro Bank (NYSE:BMA – Free Report) from an outperform rating to a market perform rating in a research note released on Thursday, MarketBeat reports.

Several other research firms have also recently weighed in on BMA. Wall Street Zen upgraded shares of Macro Bank from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their target price on Macro Bank from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings upgraded Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.25.

Get Our Latest Stock Analysis on BMA

Macro Bank Stock Down 0.6%

Shares of NYSE:BMA opened at $78.72 on Thursday. Macro Bank has a 12 month low of $38.30 and a 12 month high of $106.15. The company’s 50-day moving average price is $85.98 and its two-hundred day moving average price 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. The firm has a market cap of $5.03 billion, a P/E ratio of 17.23, a P/E/G ratio of 0.35 and a beta of 1.38.

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

Institutional Investors Weigh In On Macro Bank

A number of institutional investors and hedge funds have recently modified their holdings of BMA. PointState Capital LP lifted its holdings in Macro Bank by 266.9% in the fourth quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock valued at $77,311,000 after buying an additional 623,755 shares during the period. Millennium Management LLC grew its holdings in Macro Bank by 100.7% during the 3rd quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock worth $24,325,000 after acquiring an additional 288,614 shares during the period. Cape Ann Asset Management Ltd raised its position in shares of Macro Bank by 1.3% during the 1st quarter. Cape Ann Asset Management Ltd now owns 470,908 shares of the bank’s stock valued at $36,434,000 after acquiring an additional 5,892 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Macro Bank by 19.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 164,217 shares of the bank’s stock valued at $14,806,000 after acquiring an additional 26,694 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in shares of Macro Bank by 1,060.6% in the 4th quarter. Verition Fund Management LLC now owns 138,760 shares of the bank’s stock valued at $12,511,000 after purchasing an additional 126,804 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.

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