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

Macro Bank Inc. (NYSE:BMA) has been assigned an average rating of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $111.25.

A number of research firms recently weighed in on BMA. JPMorgan Chase & Co. upped their price target on Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Weiss Ratings upgraded Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded Macro Bank from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Finally, 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 report on Tuesday, May 5th.

Hedge Funds Weigh In On Macro Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC acquired a new stake in shares of Macro Bank in the first quarter valued at about $704,000. Jones Financial Companies Lllp raised its position in shares of Macro Bank by 271,350.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock worth $410,000 after purchasing an additional 5,427 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Macro Bank by 47.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank’s stock worth $5,045,000 after purchasing an additional 21,613 shares during the last quarter. Jane Street Group LLC lifted its stake in Macro Bank by 106.5% in the 1st quarter. Jane Street Group LLC now owns 13,705 shares of the bank’s stock valued at $1,035,000 after buying an additional 7,067 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Macro Bank by 14.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 79,947 shares of the bank’s stock valued at $5,613,000 after buying an additional 10,211 shares in the last quarter.

Macro Bank Stock Down 1.1%

BMA opened at $76.06 on Thursday. The company has a fifty day moving average of $87.37 and a two-hundred day moving average of $82.62. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 0.34 and a beta of 1.46. Macro Bank has a fifty-two week low of $38.30 and a fifty-two week high of $106.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.10.

Macro Bank (NYSE:BMA) last posted its earnings results on Thursday, August 20th. The bank reported $2.29 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1 billion for the quarter, compared to analyst estimates of $946.46 million. On average, research analysts expect that Macro Bank will post 8.35 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.