Macro Bank (NYSE:BMA) Price Target Raised to $132.00 at JPMorgan Chase & Co.

Macro Bank (NYSE:BMA) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $120.00 to $132.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 47.58% from the stock’s current price.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group decreased their target price on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Zacks Research upgraded shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. HSBC raised shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $111.25.

Macro Bank Stock Performance

NYSE BMA traded down $0.25 on Thursday, hitting $89.44. 8,266 shares of the company’s stock were exchanged, compared to its average volume of 324,883. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 0.60 and a beta of 1.42. The firm’s 50-day moving average price is $82.68 and its two-hundred day moving average price is $84.41. 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 0.29, a current ratio of 1.11 and a quick ratio of 1.11.

Macro Bank (NYSE:BMA) last posted its quarterly earnings results on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, beating the consensus estimate of $1.42 by $0.31. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%.The business had revenue of $412.19 million during the quarter, compared to analysts’ expectations of $837.75 million. On average, research analysts expect that Macro Bank will post 5.2 EPS for the current year.

Institutional Investors Weigh In On Macro Bank

Several institutional investors and hedge funds have recently made changes to their positions in BMA. SBI Securities Co. Ltd. raised its position in Macro Bank by 43.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after acquiring an additional 214 shares during the last quarter. HUB Investment Partners LLC grew its position in shares of Macro Bank by 13.4% in the second quarter. HUB Investment Partners LLC now owns 3,828 shares of the bank’s stock valued at $269,000 after purchasing an additional 452 shares during the last quarter. Titan Global Capital Management USA LLC increased its position in Macro Bank by 5.5% during the first quarter. Titan Global Capital Management USA LLC now owns 13,276 shares of the bank’s stock worth $1,027,000 after buying an additional 690 shares in the last quarter. Insigneo Advisory Services LLC raised its holdings in shares of Macro Bank by 9.1% in the third quarter. Insigneo Advisory Services LLC now owns 10,473 shares of the bank’s stock worth $443,000 after acquiring an additional 870 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Macro Bank in the third quarter worth $46,000.

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.