Macro Bank (NYSE:BMA) Stock Rating Lowered by Zacks Research

Macro Bank (NYSE:BMA) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on BMA. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 29th. HSBC lowered shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a report on Monday, December 15th. Itau BBA Securities upgraded Macro Bank from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. UBS Group started coverage on Macro Bank in a research note on Wednesday, November 19th. They set a “buy” rating and a $130.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.75.

Macro Bank Price Performance

Shares of BMA stock opened at $95.13 on Monday. The company has a market capitalization of $6.08 billion, a P/E ratio of 43.04, a P/E/G ratio of 1.39 and a beta of 1.46. The company’s 50-day simple moving average is $92.50 and its two-hundred day simple moving average is $74.07. Macro Bank has a one year low of $38.30 and a one year high of $106.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16.

Macro Bank (NYSE:BMA) last announced its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.06). The firm had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $590.57 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. As a group, equities analysts anticipate that Macro Bank will post 7.84 EPS for the current year.

Hedge Funds Weigh In On Macro Bank

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its position in Macro Bank by 43.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after purchasing an additional 214 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Macro Bank during the third quarter valued at $46,000. Van ECK Associates Corp acquired a new position in shares of Macro Bank in the 3rd quarter valued at $72,000. Cibc World Market Inc. purchased a new stake in Macro Bank during the 4th quarter valued at about $251,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Macro Bank in the third quarter worth $117,000.

About Macro Bank

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.