NYSE:BMA

Banco Macro (BMA) Stock Forecast, Price & News

$18.38

-0.93 (-4.82%)

(As of 10/3/2023 ET)

Compare

Today's Range: $18.26
▼
$19.50
50-Day Range: $18.38
▼
$26.99
52-Week Range: $12.38
▼
$28.07

Volume: 424,757 shs
Average Volume: 221,046 shs
Market Capitalization: N/A

P/E Ratio: 2.99
Dividend Yield: 27.80%
Price Target: N/A

Banco Macro MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -67.03%
From $4.55 to $1.50 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.70 out of 5 stars

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Banco Macro.

2.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
Banco Macro has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Banco Macro has recently increased by 13.35%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Banco Macro is a leading dividend payer. It pays a dividend yield of 26.49%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Banco Macro does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Banco Macro is 83.22%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Banco Macro will have a dividend payout ratio of 340.67% in the coming year. This indicates that Banco Macro may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BMA.

1.9

News and Social Media Coverage

News Sentiment
Banco Macro has a news sentiment score of -0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Banco Macro this week, compared to 1 article on an average week.
Search Interest
4 people have searched for BMA on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Banco Macro to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Banco Macro insiders have not sold or bought any company stock.
Percentage Held by Insiders
18.34% of the stock of Banco Macro is held by insiders. A high percentage of insider ownership can be a sign of company health.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Banco Macro are expected to decrease by -67.03% in the coming year, from $4.55 to $1.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Banco Macro is 2.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Banco Macro is 2.99, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.45.
Price to Book Value per Share Ratio
Banco Macro has a P/B Ratio of 0.30. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Banco Macro (NYSE:BMA) Stock

Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. The company also provides personal loans, document discounts, residential mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services, including deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services; and trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; and working capital facilities, credit for investment projects, and leasing and foreign trade transactions. Further, the company provides transaction services, such as cash management, collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; information services comprising Datanet and Interpymes services to corporate customers; and Internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. Banco Macro S.A. was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.

BMA Price History

30 days | 90 days | 365 days | Advanced Chart

BMA Stock News Headlines

September 25, 2023 | stocknews.com

Boost Your Savings With These 3 Piggy Bank Stocks

September 12, 2023 | msn.com

"Argentina tiene todo para ganar": la nueva campaña de Banco Macro con Lionel Scaloni

October 4, 2023 | Wall Street Fundamentals (Ad)

Would Buffett Approve of This Growth Strategy?

Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.

September 12, 2023 | msn.com

Banco Macro y Lionel Scaloni "te invitan a pensar en grande, pensar en MACRO"

September 12, 2023 | seekingalpha.com

Banco Macro: Far Too Risky Right Now

September 2, 2023 | msn.com

Banco Macro: Lagging Its Peers

August 28, 2023 | finance.yahoo.com

Banco Macro S.A. (NYSE:BMA) Q2 2023 Earnings Call Transcript

August 27, 2023 | msn.com

Argentine banks score biggest gains among financial stocks: Weekly roundup

October 4, 2023 | Wall Street Fundamentals (Ad)

Would Buffett Approve of This Growth Strategy?

August 25, 2023 | seekingalpha.com

Banco Macro to acquire Banco Itaú Argentina for $50M

August 24, 2023 | marketwatch.com

Itaú Agrees to Sell Argentine Unit to Banco Macro for About BRL250M

August 24, 2023 | msn.com

Itaú sells Argentina arm to Banco Macro

August 24, 2023 | reuters.com

UPDATE 1-Brazil's Itau to sell Argentine unit to Banco Macro

August 24, 2023 | finance.yahoo.com

UPDATE 2-Brazilian bank Itau to sell Argentine business to Banco Macro

August 24, 2023 | finance.yahoo.com

Banco Macro S.A. announces that it has entered into a purchase agreement to acquire Banco Itaú Argentina S.A. and its subsidiaries

August 24, 2023 | finanznachrichten.de

Banco Macro S.A.: Banco Macro Announces Results for the Second Quarter of 2023

August 23, 2023 | finance.yahoo.com

Banco Macro Announces Results for the Second Quarter of 2023

August 16, 2023 | finance.yahoo.com

Banco Macro SA (BMA): A Good Outperformance Potential with a GF Score of 82

August 10, 2023 | es-us.finanzas.yahoo.com

Con la app de Banco Macro todas tus cuentas están en tu mano

August 3, 2023 | msn.com

Banco Macro S.A. - ADR (BMA) Price Target Decreased by 9.23% to 20.91

July 18, 2023 | seekingalpha.com

Banco Macro goes ex dividend tomorrow

July 17, 2023 | msn.com

Banco Macro S.A. - ADR (BMA) Declares $0.45 Dividend

June 27, 2023 | barrons.com

Banco Macro S.A. ADR

June 21, 2023 | es-us.finanzas.yahoo.com

Plazo fijo Banco Macro paga más en junio: cuánto ganás si invertís $90.000

June 13, 2023 | es-us.finanzas.yahoo.com

BMA.BA - Banco Macro S.A.

June 10, 2023 | msn.com

Coinbase leads week's financial losers, while Argentine banks rise the most

June 7, 2023 | msn.com

Itaú negocia la venta de sus operaciones en el país al Banco Macro

See More Headlines

Receive BMA Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Banco Macro and its competitors with MarketBeat's FREE daily newsletter.

BMA Company Calendar

Ex-Dividend for 8/25 Dividend: 8/17/2023
Last Earnings: 8/23/2023
Dividend Payable: 8/25/2023
Ex-Dividend for 9/28 Dividend: 9/20/2023
Dividend Payable: 9/28/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/22/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:BMA
CUSIP: N/A
CIK: 1347426
Web: www.macro.com.ar
Phone: 541152226730
Fax: 54-11-5325-5641
Employees: 7,796
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $6.14
Trailing P/E Ratio: 2.99
Forward P/E Ratio: 4.04
P/E Growth: N/A
Net Income: $313.96 million
Net Margins: 7.07%
Pretax Margin: 11.12%
Return on Equity: 13.11%
Return on Assets: 3.20%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 0.73
Quick Ratio: 0.72

Sales & Book Value

Annual Sales: $5.52 billion
Price / Sales: N/A
Cash Flow: $6.78 per share
Price / Cash Flow: 2.71
Book Value: $61.68 per share
Price / Book: 0.30

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Optionable
Beta: 1.50

10 Best Cheap Stocks to Buy Now

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

Mr. Gustavo Alejandro Manriquez (Age 54)
GM & CEO

Mr. Jorge Francisco Scarinci (Age 53)
CFO, Fin. Mang. & IR Mang.

Mr. Ernesto Eduardo Medina (Age 56)
Operations & Technology Mang.

Mr. Marcelo Agustin Devoto (Age 47)
Investment Banking Mang.

Mr. Gerardo Adrian Alvarez (Age 54)
Admin. & HR Mang.

Mr. Ernesto Lopez (Age 51)
Legal Mang.

Mr. Gustavo Emilio Pessagno (Age 52)
Compliance Mang.

Mr. Francisco Muro (Age 50)
Distribution & Sales Mang.

Ms. Ana María Magdalena Marcet (Age 62)
Credit Risk Mang.

Lic. Brian Anthony (Age 50)
Commercial banking manager

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

BMA Stock - Frequently Asked Questions

How have BMA shares performed in 2023?: Banco Macro's stock was trading at $16.42 at the start of the year. Since then, BMA stock has increased by 11.9% and is now trading at $18.38.
View the best growth stocks for 2023 here.
Are investors shorting Banco Macro?: Banco Macro saw a increase in short interest in September. As of September 15th, there was short interest totaling 372,000 shares, an increase of 13.3% from the August 31st total of 328,200 shares. Based on an average trading volume of 291,100 shares, the short-interest ratio is currently 1.3 days.
View Banco Macro's Short Interest.
When is Banco Macro's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 22nd 2023.
View our BMA earnings forecast.
How were Banco Macro's earnings last quarter?: Banco Macro S.A. (NYSE:BMA) issued its quarterly earnings results on Wednesday, August, 23rd. The bank reported $2.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.94 by $0.25. The bank had revenue of $840.39 million for the quarter. Banco Macro had a net margin of 7.07% and a trailing twelve-month return on equity of 13.11%.
How often does Banco Macro pay dividends? What is the dividend yield for Banco Macro?: Banco Macro declared a monthly dividend on Monday, September 11th. Stockholders of record on Thursday, September 21st will be given a dividend of $0.4262 per share on Thursday, September 28th. This represents a $5.11 dividend on an annualized basis and a dividend yield of 27.83%. The ex-dividend date of this dividend is Wednesday, September 20th.
Read our dividend analysis for BMA.
What ETFs hold Banco Macro's stock?: ETFs with the largest weight of Banco Macro (NYSE:BMA) stock in their portfolio include Global X MSCI Argentina ETF (ARGT).Amplify International Enhanced Dividend Income ETF (IDVO).

Is Banco Macro a good dividend stock?: Banco Macro (NYSE:BMA) pays an annual dividend of $5.11 per share and currently has a dividend yield of 26.49%. BMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 83.22%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BMA will have a dividend payout ratio of 340.67% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BMA.
What is Jorge Horacio Brito's approval rating as Banco Macro's CEO?: 19 employees have rated Banco Macro Chief Executive Officer Jorge Horacio Brito on Glassdoor.com. Jorge Horacio Brito has an approval rating of 75% among the company's employees.
What other stocks do shareholders of Banco Macro own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Banco Macro investors own include Energy Transfer (ET), AT&T (T), Wells Fargo & Company (WFC), Enterprise Products Partners (EPD), NGL Energy Partners (NGL), AGNC Investment (AGNC), Grupo Financiero Galicia (GGAL), New Residential Investment (NRZ), ARMOUR Residential REIT (ARR) and Bank of America (BAC).
What is Banco Macro's stock symbol?: Banco Macro trades on the New York Stock Exchange (NYSE) under the ticker symbol "BMA."
How do I buy shares of Banco Macro?: Shares of BMA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Banco Macro's stock price today?: One share of BMA stock can currently be purchased for approximately $18.38.
How many employees does Banco Macro have?: The company employs 7,796 workers across the globe.
How can I contact Banco Macro?: Banco Macro's mailing address is AVENIDA EDUARDO MADERO 1182 24TH FLOOR, BUENOS AIRES C1, 1106. The official website for the company is www.macro.com.ar. The bank can be reached via phone at 541152226730, via email at investorelations@macro.com, or via fax at 54-11-5325-5641.

This page (NYSE:BMA) was last updated on 10/4/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial