Wall Street Zen Downgrades Macro Bank (NYSE:BMA) to Buy

Key Points

• Wall Street Zen downgraded Macro Bank from “strong buy” to “buy,” while analysts overall maintain a “Moderate Buy” consensus with an average price target of $111.25.
• Macro Bank reported quarterly EPS of $2.29, beating the $1.86 consensus estimate, while revenue reached $1 billion versus expectations of $946.46 million.
• The stock opened at $78.72, down 0.6%, with a market capitalization of approximately $5.03 billion and a 52-week range of $38.30 to $106.15.

Macro Bank (NYSE:BMA - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

BMA has been the topic of several other reports. Zacks Research raised Macro Bank from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 2nd. Itau BBA Securities downgraded Macro Bank from an "outperform" rating to a "market perform" rating in a report on Thursday. Weiss Ratings upgraded Macro Bank from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. upped their target price 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $111.25.

Macro Bank Stock Down 0.6%

NYSE BMA opened at $78.72 on Friday. The stock has a market capitalization of $5.03 billion, a PE ratio of 17.23, a PEG ratio of 0.36 and a beta of 1.38. Macro Bank has a 1 year low of $38.30 and a 1 year high of $106.15. The business's 50-day moving average is $85.98 and its 200 day moving average is $82.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.10 and a quick ratio of 1.08.

Macro Bank (NYSE:BMA - Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The bank reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.43. Macro Bank had a return on equity of 8.65% and a net margin of 5.95%.The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $946.46 million. Sell-side analysts forecast that Macro Bank will post 8.35 earnings per share for the current year.

Hedge Funds Weigh In On Macro Bank

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. grew its stake in shares of Macro Bank by 43.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank's stock worth $63,000 after buying an additional 214 shares in the last quarter. HUB Investment Partners LLC boosted its stake in shares of Macro Bank by 13.4% during the second quarter. HUB Investment Partners LLC now owns 3,828 shares of the bank's stock valued at $269,000 after purchasing an additional 452 shares during the period. Titan Global Capital Management USA LLC grew its stake in Macro Bank by 5.5% in the 1st quarter. Titan Global Capital Management USA LLC now owns 13,276 shares of the bank's stock worth $1,027,000 after acquiring an additional 690 shares in the last quarter. Advisory Services Network LLC purchased a new position in Macro Bank during the 3rd quarter worth $46,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Macro Bank by 1.4% during the second quarter. Qube Research & Technologies Ltd now owns 85,228 shares of the bank's stock valued at $5,984,000 after buying an additional 1,160 shares during the period.

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.

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