The Goldman Sachs Group Cuts Macro Bank (NYSE:BMA) Price Target to $98.00

Macro Bank (NYSE:BMA) had its target price lowered by stock analysts at The Goldman Sachs Group from $111.00 to $98.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 30.23% from the company’s current price.

Other research analysts also recently issued research reports about the stock. UBS Group initiated 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 for the company. Citigroup raised shares of Macro Bank from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Zacks Research lowered Macro Bank from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Wall Street Zen raised Macro Bank from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Macro Bank presently has a consensus rating of “Hold” and a consensus target price of $102.60.

Macro Bank Stock Down 2.5%

BMA traded down $1.93 on Monday, hitting $75.25. 260,469 shares of the company were exchanged, compared to its average volume of 302,458. The firm has a 50-day moving average price of $92.31 and a two-hundred day moving average price of $75.48. The company has a current ratio of 1.11, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29. Macro Bank has a twelve month low of $38.30 and a twelve month high of $106.15. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.15 and a beta of 1.51.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data on Thursday, February 26th. The bank reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.60. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%.The business had revenue of $708.92 million during the quarter, compared to analysts’ expectations of $739.97 million. On average, equities analysts predict that Macro Bank will post 7.84 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. PointState Capital LP boosted its holdings in shares of Macro Bank by 266.9% in 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 during the period. Millennium Management LLC boosted its stake 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 purchasing an additional 288,614 shares during the period. Aquamarine Financial Cayman Ltd boosted its stake in Macro Bank by 23.8% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 564,501 shares of the bank’s stock worth $50,895,000 after purchasing an additional 108,540 shares during the period. Cape Ann Asset Management Ltd grew its position in Macro Bank by 0.8% during the 4th quarter. Cape Ann Asset Management Ltd now owns 465,016 shares of the bank’s stock worth $41,926,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Candriam S.C.A. acquired a new position in Macro Bank in the third quarter valued at $13,643,000.

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.