Macro Bank Inc. (NYSE:BMA) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts maintain a consensus “Buy” rating on Macro Bank, with six buy ratings, one strong-buy, and one hold; the average 12-month price target is $111.25.
• Recent analyst actions were largely positive, including upgrades from HSBC, Wall Street Zen, and Zacks Research, while JPMorgan raised its target to $132 and retained an “overweight” rating.
• Macro Bank exceeded quarterly expectations, reporting $2.29 earnings per share versus the $1.86 consensus and revenue of $1 billion compared with estimates of $946.46 million.

Shares of Macro Bank Inc. (NYSE:BMA - Get Free Report) have earned a consensus rating of "Buy" from the eight research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $111.25.

Several equities analysts have weighed in on BMA shares. Weiss Ratings raised Macro Bank from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, June 16th. HSBC upgraded Macro Bank from a "hold" rating to a "buy" rating and set a $85.00 target price on the stock in a research note on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on Macro Bank from $120.00 to $132.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Wall Street Zen raised Macro Bank from a "buy" rating to a "strong-buy" rating in a report on Sunday, July 12th. Finally, Zacks Research upgraded Macro Bank from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its holdings in 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 period. Advisory Services Network LLC purchased a new position in shares of Macro Bank in the third quarter valued at $46,000. Van ECK Associates Corp purchased a new position in shares of Macro Bank in the third quarter valued at $72,000. Mariner LLC bought a new stake in shares of Macro Bank during the 4th quarter valued at $214,000. Finally, HRT Financial LP bought a new stake in shares of Macro Bank during the 4th quarter valued at $237,000.

Macro Bank Stock Performance

Shares of BMA stock opened at $78.09 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.10. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 0.45 and a beta of 1.46. Macro Bank has a 52 week low of $38.30 and a 52 week high of $106.15. The firm's 50-day simple moving average is $88.38 and its two-hundred day simple moving average is $82.77.

Macro Bank (NYSE:BMA - Get Free Report) last released its earnings results on Thursday, August 20th. The bank reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.43. Macro Bank had a net margin of 5.95% and a return on equity of 8.65%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $946.46 million. As a group, equities analysts forecast that Macro Bank will post 6.46 earnings per share for the current year.

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.

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