Macro Bank (NYSE:BMA) Raised to Strong-Buy at Zacks Research

Macro Bank (NYSE:BMA) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on BMA. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, May 5th. The Goldman Sachs Group reduced their price objective on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Wall Street Zen raised shares of Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Macro Bank Stock Performance

NYSE:BMA opened at $86.29 on Tuesday. The firm has a market capitalization of $5.51 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.42. The business’s fifty day moving average price is $77.25 and its 200 day moving average price is $83.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.11. Macro Bank has a 12 month low of $38.30 and a 12 month high of $106.15.

Macro Bank (NYSE:BMA) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31. The company had revenue of $412.19 million during the quarter, compared to the consensus estimate of $837.76 million. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%. On average, sell-side analysts anticipate that Macro Bank will post 5.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Amundi lifted its holdings in shares of Macro Bank by 107.0% during the first quarter. Amundi now owns 20,161 shares of the bank’s stock worth $1,560,000 after purchasing an additional 10,421 shares during the period. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Macro Bank in the 1st quarter worth $7,815,000. Cape Ann Asset Management Ltd boosted its holdings in shares of Macro Bank by 1.3% in the first quarter. Cape Ann Asset Management Ltd now owns 470,908 shares of the bank’s stock valued at $36,434,000 after acquiring an additional 5,892 shares in the last quarter. Militia Capital Management LLC acquired a new position in shares of Macro Bank during the first quarter worth about $2,932,000. Finally, Titan Global Capital Management USA LLC raised its holdings in Macro Bank by 5.5% during the first quarter. Titan Global Capital Management USA LLC now owns 13,276 shares of the bank’s stock worth $1,027,000 after purchasing an additional 690 shares in the last quarter.

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.