Macro Bank (NYSE:BMA) Cut to Sell at Wall Street Zen

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

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 29th. HSBC cut Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a report on Monday, December 15th. UBS Group initiated coverage on Macro Bank in a research note on Wednesday, November 19th. They issued a “buy” rating and a $130.00 price objective on the stock. The Goldman Sachs Group upgraded shares of Macro Bank to a “strong-buy” rating in a research report on Monday, November 10th. Finally, Itau BBA Securities upgraded Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.75.

Macro Bank Price Performance

Shares of Macro Bank stock opened at $92.20 on Friday. Macro Bank has a 1-year low of $38.30 and a 1-year high of $106.15. The firm has a fifty day simple moving average of $92.64 and a 200-day simple moving average of $75.02. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 1.36 and a beta of 1.46.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in Macro Bank in the third quarter valued at $46,000. SBI Securities Co. Ltd. increased its stake in shares of Macro Bank by 43.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after purchasing an additional 214 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Macro Bank in the 3rd quarter valued at about $72,000. Advisors Preferred LLC acquired a new stake in Macro Bank in the 3rd quarter valued at about $117,000. Finally, Aquatic Capital Management LLC bought a new position in Macro Bank during the third quarter worth about $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.