Macro Bank (NYSE:BMA) Raised to “Hold” at Wall Street Zen

Macro Bank (NYSE:BMA) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a report on Monday, November 10th. Weiss Ratings restated a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 29th. Citigroup raised shares of Macro Bank from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. HSBC lowered shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a report on Monday, December 15th. Finally, Zacks Research downgraded shares of Macro Bank from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned 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.com, Macro Bank currently has an average rating of “Moderate Buy” and an average price target of $103.75.

Macro Bank Price Performance

BMA stock opened at $77.02 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The business has a 50 day simple moving average of $92.31 and a 200-day simple moving average of $75.46. The firm has a market capitalization of $4.92 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46. Macro Bank has a 1 year low of $38.30 and a 1 year high of $106.15.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data on Thursday, February 26th. The bank reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.60. The firm had revenue of $708.92 million for the quarter, compared to the consensus estimate of $739.97 million. Macro Bank had a return on equity of 6.95% and a net margin of 4.99%. Equities research analysts anticipate that Macro Bank will post 7.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Macro Bank

Hedge funds have recently made changes to their positions in the stock. Benjamin Edwards Inc. acquired a new position in shares of Macro Bank in the third quarter valued at approximately $254,000. ABS Direct Equity Fund LLC boosted its position in Macro Bank by 726.8% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 30,550 shares of the bank’s stock valued at $1,292,000 after buying an additional 26,855 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Macro Bank in the 3rd quarter valued at approximately $992,000. Monaco Asset Management SAM grew its stake in shares of Macro Bank by 225.0% in the second quarter. Monaco Asset Management SAM now owns 13,000 shares of the bank’s stock worth $913,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Marex Group plc acquired a new position in shares of Macro Bank in the second quarter worth $1,018,000.

Macro Bank Company Profile

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.