Analysts Set Macro Bank Inc. (NYSE:BMA) PT at $111.25

Macro Bank Inc. (NYSE:BMA) has received an average recommendation of “Buy” from the eight research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $111.25.

Several research analysts have issued reports on BMA shares. Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. raised 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. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, May 5th. Weiss Ratings raised Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Finally, Wall Street Zen upgraded Macro Bank from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BMA. PointState Capital LP raised its stake in shares of Macro Bank by 266.9% during the fourth quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock valued at $77,311,000 after acquiring an additional 623,755 shares in the last quarter. Millennium Management LLC lifted its stake in Macro Bank by 100.7% in the third quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock worth $24,325,000 after acquiring an additional 288,614 shares during the period. Verition Fund Management LLC grew its holdings in Macro Bank by 1,060.6% during the 4th quarter. Verition Fund Management LLC now owns 138,760 shares of the bank’s stock worth $12,511,000 after acquiring an additional 126,804 shares in the last quarter. Marshall Wace LLP grew its holdings in Macro Bank by 4,089.3% during the 2nd quarter. Marshall Wace LLP now owns 120,191 shares of the bank’s stock worth $8,439,000 after acquiring an additional 117,322 shares in the last quarter. Finally, Capital Wealth Planning LLC purchased a new position in Macro Bank during the 4th quarter valued at about $10,378,000.

Macro Bank Price Performance

Macro Bank stock opened at $78.83 on Thursday. Macro Bank has a 12-month low of $38.30 and a 12-month high of $106.15. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $87.00 and a 200-day moving average price of $82.42. The firm has a market capitalization of $5.04 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 0.34 and a beta of 1.46.

Macro Bank (NYSE:BMA) last issued its quarterly earnings results on Thursday, August 20th. The bank reported $2.29 EPS for the quarter, beating the consensus estimate of $1.86 by $0.43. Macro Bank had a net margin of 5.95% and a return on equity of 8.65%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $946.46 million. As a group, equities research analysts forecast that Macro Bank will post 8.35 EPS 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.