Macro Bank Inc. (NYSE:BMA) was downgraded by analysts at UBS AG from an “outperform” rating to a “market perform” rating in a research report issued on Friday.

BMA has been the subject of several other research reports. Santander cut shares of Macro Bank from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. Zacks Investment Research upgraded shares of Macro Bank from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Tuesday, November 21st. ValuEngine upgraded shares of Macro Bank from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, Goldman Sachs Group Inc cut shares of Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 target price for the company. in a research report on Monday, September 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Macro Bank has an average rating of “Hold” and an average target price of $112.35.

Shares of Macro Bank (NYSE BMA) opened at $105.19 on Friday. The company has a market cap of $6,564.53, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 2.42 and a beta of 1.33. Macro Bank has a 1 year low of $61.12 and a 1 year high of $136.10. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.18.

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Macro Bank by 66.6% in the 2nd quarter. Royal Bank of Canada now owns 1,401 shares of the bank’s stock valued at $129,000 after buying an additional 560 shares during the period. Indiana Trust & Investment Management CO acquired a new position in shares of Macro Bank in the 3rd quarter valued at $228,000. Rational Advisors LLC grew its holdings in shares of Macro Bank by 64.3% in the 2nd quarter. Rational Advisors LLC now owns 2,300 shares of the bank’s stock valued at $212,000 after buying an additional 900 shares during the period. Advisor Group Inc. grew its holdings in shares of Macro Bank by 3,796.7% in the 2nd quarter. Advisor Group Inc. now owns 2,377 shares of the bank’s stock valued at $219,000 after buying an additional 2,316 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Macro Bank in the 2nd quarter valued at $229,000. 28.62% of the stock is owned by institutional investors.

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Macro Bank Company Profile

Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.

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