Macro Bank (NYSE:BMA) Downgraded by Wall Street Zen to Sell

Macro Bank (NYSE:BMA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently issued reports on BMA. JPMorgan Chase & Co. increased their price target on Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. UBS Group began coverage on Macro Bank in a research report on Wednesday, November 19th. They set a “buy” rating and a $130.00 target price on the stock. Itau BBA Securities raised Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a report on Monday, November 10th. Finally, Citigroup raised shares of Macro Bank from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.75.

Macro Bank Stock Performance

NYSE:BMA opened at $92.20 on Friday. Macro Bank has a fifty-two week low of $38.30 and a fifty-two week high of $106.15. The firm’s 50 day moving average is $92.64 and its two-hundred day moving average is $75.02. The company has a market cap of $5.89 billion, a P/E ratio of 41.72, a P/E/G ratio of 1.36 and a beta of 1.46. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30.

Macro Bank (NYSE:BMA) last issued its earnings results on Wednesday, November 26th. The bank reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($1.06). The firm had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $590.57 million. Macro Bank had a return on equity of 8.15% and a net margin of 6.11%. Analysts expect that Macro Bank will post 7.84 EPS for the current year.

Institutional Investors Weigh In On Macro Bank

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Macro Bank during the third quarter valued at about $46,000. SBI Securities Co. Ltd. boosted its holdings in Macro Bank by 43.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after buying an additional 214 shares in the last quarter. Van ECK Associates Corp purchased a new position in shares of Macro Bank during the third quarter valued at $72,000. Advisors Preferred LLC purchased a new position in Macro Bank during the 3rd quarter valued at about $117,000. Finally, Aquatic Capital Management LLC purchased a new stake in Macro Bank in the 3rd quarter worth approximately $151,000.

About Macro Bank

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.