Macro Bank Inc. (NYSE:BMA) Stock Has Average Target Price of $101.25

Shares of Macro Bank Inc. (NYSE:BMA) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $101.25.

Several equities research analysts have commented on the stock. Itau BBA Securities downgraded shares of Macro Bank from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. lifted their price target on shares of Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Wall Street Zen lowered shares of Macro Bank from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Weiss Ratings lowered shares of Macro Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, September 29th. Finally, UBS Group lowered their price objective on shares of Macro Bank from $130.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in shares of Macro Bank by 93.3% in the third quarter. Farther Finance Advisors LLC now owns 634 shares of the bank’s stock worth $42,000 after acquiring an additional 306 shares in the last quarter. ABS Direct Equity Fund LLC acquired a new stake in shares of Macro Bank during the second quarter worth about $2,268,000. Engineers Gate Manager LP acquired a new stake in shares of Macro Bank during the second quarter worth about $1,418,000. NewEdge Advisors LLC bought a new position in shares of Macro Bank during the 2nd quarter valued at about $310,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Macro Bank by 36.7% during the 2nd quarter. Squarepoint Ops LLC now owns 4,623 shares of the bank’s stock valued at $428,000 after purchasing an additional 1,242 shares in the last quarter.

Macro Bank Stock Performance

Shares of BMA stock opened at $63.85 on Friday. The stock has a market cap of $4.08 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.29 and a beta of 1.37. The stock has a 50-day moving average of $73.62 and a 200-day moving average of $81.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.10 and a quick ratio of 1.08. Macro Bank has a one year low of $51.35 and a one year high of $106.15.

Macro Bank (NYSE:BMA) last released its quarterly earnings data on Thursday, August 20th. The bank reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.43. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $946.46 million. Macro Bank had a net margin of 5.95% and a return on equity of 8.65%. As a group, sell-side analysts expect that Macro Bank will post 8.35 earnings per share for the current year.

Macro Bank Company Profile

Banco Macro SA, which trades on the New York Stock Exchange under the symbol BMA, is an Argentine financial institution serving individuals, businesses and government-related customers. The bank provides traditional banking services, including checking and savings accounts, time deposits, personal and commercial loans, credit and debit cards, payment services, foreign-exchange services and electronic banking.

Banco Macro also offers financial products for small and midsize businesses, agricultural customers and corporate clients.