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

Macro Bank (NYSE:BMA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research firms also recently issued reports on BMA. UBS Group assumed coverage on shares of Macro Bank in a research note on Wednesday, November 19th. They issued a “buy” rating and a $130.00 price target on the stock. Citigroup upgraded Macro Bank from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. Itau BBA Securities upgraded Macro Bank from a “market perform” rating to an “outperform” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. boosted their price objective on Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, Zacks Research lowered Macro Bank from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $103.75.

Macro Bank Stock Up 1.2%

BMA stock opened at $92.20 on Friday. Macro Bank has a one year low of $38.30 and a one year high of $106.15. The firm has a market cap of $5.89 billion, a PE ratio of 41.72, a PEG ratio of 1.38 and a beta of 1.46. The firm’s 50 day moving average price is $92.64 and its 200-day moving average price is $75.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16.

Macro Bank (NYSE:BMA) last issued its quarterly earnings data on Wednesday, November 26th. The bank reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($1.06). Macro Bank had a return on equity of 8.15% and a net margin of 6.11%.The business had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $590.57 million. On average, equities research analysts anticipate that Macro Bank will post 7.84 EPS for the current year.

Institutional Investors Weigh In On Macro Bank

Large investors have recently modified their holdings of the company. PointState Capital LP lifted its position in shares of Macro Bank by 266.9% during the 4th quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock worth $77,311,000 after purchasing an additional 623,755 shares during the last quarter. Candriam S.C.A. acquired a new stake in Macro Bank in the third quarter valued at $13,643,000. Millennium Management LLC lifted its holdings in Macro Bank by 100.7% during the 3rd quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock worth $24,325,000 after buying an additional 288,614 shares during the last quarter. Fundamenta Capital S.A. acquired a new position in shares of Macro Bank during the 4th quarter worth about $17,130,000. Finally, Cape Ann Asset Management Ltd increased its holdings in shares of Macro Bank by 66.2% in the 3rd quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock valued at $19,505,000 after acquiring an additional 183,700 shares during the last quarter.

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.