Macro Bank Inc. (NYSE:BMA) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Analyst sentiment is mixed, averaging “Hold”: Of seven brokerages covering Macro Bank, four rate it “Buy,” two “Hold” and one “Sell”; the average one-year price target is $101.25.
• Several firms recently lowered their ratings or price targets. UBS cut its target from $130 to $90 while retaining a “Buy” rating, and other analysts downgraded their recommendations.
• Macro Bank’s latest reported quarterly results beat expectations, with EPS of $2.29 versus the $1.86 consensus and revenue of $1 billion versus an estimate of about $946 million.

Macro Bank Inc. (NYSE:BMA - Get Free Report) has earned an average rating of "Hold" from the seven brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $101.25.

A number of brokerages have recently weighed in on BMA. UBS Group cut their target price on Macro Bank from $130.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, October 13th. Zacks Research downgraded Macro Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 26th. Wall Street Zen downgraded Macro Bank from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 5th. Weiss Ratings cut Macro Bank from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, September 29th. Finally, Itau BBA Securities cut Macro Bank from an "outperform" rating to a "market perform" rating in a research report on Thursday, September 3rd.

Institutional Investors Weigh In On Macro Bank

Hedge funds have recently made changes to their positions in the business. Absolute Gestao de Investimentos Ltda. bought a new position in Macro Bank during the first quarter valued at about $7,815,000. Robeco Institutional Asset Management B.V. raised its position in Macro Bank by 53.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 273,122 shares of the bank's stock worth $18,280,000 after acquiring an additional 95,014 shares during the period. Militia Capital Management LLC bought a new stake in Macro Bank in the first quarter worth about $2,932,000. ABS Direct Equity Fund LLC purchased a new position in Macro Bank in the second quarter valued at about $2,268,000. Finally, Engineers Gate Manager LP purchased a new position in Macro Bank in the second quarter valued at about $1,418,000.

Macro Bank Stock Up 1.1%

BMA opened at $58.41 on Tuesday. Macro Bank has a fifty-two week low of $56.10 and a fifty-two week high of $106.15. The firm has a market capitalization of $3.73 billion, a P/E ratio of 12.78, a PEG ratio of 0.27 and a beta of 1.50. The company's 50-day moving average is $68.32 and its 200 day moving average is $79.89. 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 issued 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. The business 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%. Research analysts expect that Macro Bank will post 8.35 earnings per share for the current fiscal year.

Macro Bank Company Profile

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