Macro Bank (NYSE:BMA) Raised to Buy at Wall Street Zen

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

Several other brokerages have also weighed in on BMA. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, May 5th. The Goldman Sachs Group lowered their price objective on Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a report on Friday, March 27th. One equities research 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Macro Bank Price Performance

Shares of Macro Bank stock opened at $85.00 on Friday. 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 has a twelve month low of $38.30 and a twelve month high of $106.15. The business has a 50-day moving average price of $77.85 and a 200 day moving average price of $83.10. The firm has a market cap of $5.43 billion, a PE ratio of 20.09, a P/E/G ratio of 0.56 and a beta of 1.42.

Macro Bank (NYSE:BMA) last announced its quarterly earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.31. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%.The firm had revenue of $412.19 million during the quarter, compared to analyst estimates of $837.76 million. Sell-side analysts predict that Macro Bank will post 5.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Compass Rose Asset Management LP acquired a new position in shares of Macro Bank during the 4th quarter worth approximately $6,437,000. Monaco Asset Management SAM boosted its holdings in shares of Macro Bank by 536.2% during the 3rd quarter. Monaco Asset Management SAM now owns 82,700 shares of the bank’s stock worth $3,497,000 after purchasing an additional 69,700 shares during the last quarter. Ramirez Asset Management Inc. boosted its holdings in shares of Macro Bank by 69.6% during the 3rd quarter. Ramirez Asset Management Inc. now owns 56,718 shares of the bank’s stock worth $2,399,000 after purchasing an additional 23,285 shares during the last quarter. X Square Capital LLC boosted its holdings in shares of Macro Bank by 1,215.0% during the 3rd quarter. X Square Capital LLC now owns 71,536 shares of the bank’s stock worth $3,025,000 after purchasing an additional 66,096 shares during the last quarter. Finally, Militia Capital Partners LP acquired a new position in shares of Macro Bank during the 3rd quarter worth approximately $1,776,000.

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.