Macro Bank Inc. (NYSE:BMA) Receives $111.25 Average Price Target from Brokerages

Macro Bank Inc. (NYSE:BMA) has been given an average recommendation of “Buy” by the eight research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $111.25.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Macro Bank from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Weiss Ratings raised shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Wall Street Zen raised Macro Bank from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd.

Macro Bank Stock Up 0.7%

Shares of NYSE BMA opened at $78.94 on Thursday. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 0.35 and a beta of 1.38. Macro Bank has a 52 week low of $38.30 and a 52 week high of $106.15. The firm has a 50-day moving average price of $86.46 and a 200 day moving average price of $82.26. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.26.

Macro Bank (NYSE:BMA) last posted its quarterly earnings results on Thursday, August 20th. The bank reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.43. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $946.46 million. Macro Bank had a net margin of 5.95% and a return on equity of 8.65%. Equities research analysts anticipate that Macro Bank will post 8.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Macro Bank

Several institutional investors have recently added to or reduced their stakes in the business. 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 valued at $63,000 after acquiring an additional 214 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Macro Bank in the third quarter valued at approximately $46,000. Van ECK Associates Corp acquired a new position in Macro Bank in the 3rd quarter worth $72,000. Mariner LLC acquired a new position in Macro Bank during the 4th quarter worth $214,000. Finally, HRT Financial LP bought a new position in Macro Bank during the 4th quarter worth approximately $237,000.

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.