Macro Bank (NYSE:BMA) Rating Increased to Strong-Buy at Wall Street Zen

Macro Bank (NYSE:BMA) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

Several other equities analysts have also recently commented on BMA. Weiss Ratings upgraded shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. lifted their price objective on Macro Bank from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Finally, HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $111.25.

Macro Bank Trading Up 5.5%

Shares of Macro Bank stock traded up $4.94 during trading on Friday, hitting $94.76. The stock had a trading volume of 251,137 shares, compared to its average volume of 227,075. Macro Bank has a 1 year low of $38.30 and a 1 year high of $106.15. The stock has a 50 day simple moving average of $85.81 and a 200 day simple moving average of $84.74. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $6.05 billion, a PE ratio of 22.40, a P/E/G ratio of 0.61 and a beta of 1.43.

Macro Bank (NYSE:BMA) last posted its quarterly earnings data on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31. The firm had revenue of $412.19 million during the quarter, compared to analyst estimates of $837.75 million. Macro Bank had a net margin of 5.81% and a return on equity of 8.42%. On average, research analysts expect that Macro Bank will post 5.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Macro Bank

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Macro Bank during the 3rd quarter worth $46,000. SBI Securities Co. Ltd. grew its holdings in Macro Bank by 43.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock valued at $63,000 after buying an additional 214 shares during the last quarter. Van ECK Associates Corp bought a new position in Macro Bank in the 3rd quarter worth approximately $72,000. Aquatic Capital Management LLC bought a new position in Macro Bank during the third quarter worth $151,000. Finally, Mariner LLC acquired a new position in Macro Bank during the 4th quarter valued at $214,000.

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.