ValuEngine upgraded shares of Banco Macro (NYSE:BMA) from a strong sell rating to a sell rating in a report published on Wednesday, ValuEngine reports.

A number of other analysts also recently issued reports on the stock. HSBC downgraded shares of Banco Macro from a buy rating to a hold rating in a report on Wednesday, June 5th. Zacks Investment Research raised shares of Banco Macro from a sell rating to a strong-buy rating and set a $54.00 price objective for the company in a research note on Tuesday, April 23rd. Finally, Santander raised shares of Banco Macro from a hold rating to a buy rating in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $52.00.

Shares of NYSE BMA opened at $68.55 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.08 and a current ratio of 0.94. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 8.77 and a beta of 0.32. Banco Macro has a 52-week low of $32.00 and a 52-week high of $80.65.

Banco Macro (NYSE:BMA) last announced its quarterly earnings results on Thursday, May 9th. The bank reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.62. The company had revenue of $423.75 million for the quarter. Banco Macro had a net margin of 21.82% and a return on equity of 31.08%. On average, equities analysts forecast that Banco Macro will post 9.09 earnings per share for the current year.

The firm also recently disclosed an annual dividend, which was paid on Tuesday, May 21st. Shareholders of record on Monday, May 13th were paid a $2.249 dividend. The ex-dividend date was Friday, May 10th. This represents a dividend yield of 4.69%. Banco Macro’s payout ratio is currently 55.75%.

Several large investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Banco Macro by 16.9% in the 4th quarter. BlackRock Inc. now owns 1,895,172 shares of the bank’s stock worth $83,804,000 after buying an additional 273,982 shares in the last quarter. Odey Asset Management Group Ltd grew its stake in shares of Banco Macro by 64.1% in the 4th quarter. Odey Asset Management Group Ltd now owns 1,879,723 shares of the bank’s stock worth $83,121,000 after buying an additional 734,101 shares in the last quarter. FIL Ltd grew its stake in shares of Banco Macro by 532.3% in the 1st quarter. FIL Ltd now owns 1,607,462 shares of the bank’s stock worth $73,558,000 after buying an additional 1,353,256 shares in the last quarter. Morgan Stanley grew its stake in shares of Banco Macro by 33.2% in the 1st quarter. Morgan Stanley now owns 754,513 shares of the bank’s stock worth $34,525,000 after buying an additional 188,193 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Banco Macro by 626.0% in the 1st quarter. Lazard Asset Management LLC now owns 750,323 shares of the bank’s stock worth $34,334,000 after buying an additional 646,972 shares in the last quarter. 23.69% of the stock is owned by institutional investors and hedge funds.

Banco Macro Company Profile

Banco Macro SA provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers.

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