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NYSE:BMA

Banco Macro - BMA Stock Forecast, Price & News

$15.64
+0.22 (+1.43%)
(As of 10/4/2022 01:06 PM ET)
Add
Compare
Today's Range
$15.62
$15.89
50-Day Range
$10.89
$17.16
52-Week Range
$9.72
$18.52
Volume
6,577 shs
Average Volume
292,184 shs
Market Capitalization
$1.00 billion
P/E Ratio
3.76
Dividend Yield
7.15%
Price Target
$17.70

Banco Macro MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
13.2% Upside
$17.70 Price Target
Short Interest
Healthy
1.44% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.18mentions of Banco Macro in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
40.89%
From $3.13 to $4.41 Per Share

Overall MarketRank

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

2.49 out of 5 stars

Finance Sector

469th out of 925 stocks

Commercial Banks, Not Elsewhere Classified Industry

22nd out of 35 stocks

BMA stock logo

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. As of December 31, 2021, it operated through a network of 466 branches, 1,779 ATMs, 955 self-service terminals, and various service points. The company was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.

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BMA Stock News Headlines

Banco Macro B ADR Cadena de Opciones
Banco Macro S.A. (BMA)
Banco Macro reports Q1 results
Banco Macro Announces Payment Of Cash Dividend
Here's what to expect from Banco Macro's earnings
Banco Macro SA B ADR (BMA)
Banco Macro B ADR earnings miss, Revenue Inline in Q4
Banco Macro reports Q4 results
Banco Macro (BMA) Shares Cross Above 200 DMA
BMA Jan 2024 12.500 call
See More Headlines
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BMA Company Calendar

Ex-Dividend for 8/26 Dividend
8/18/2022
Last Earnings
8/24/2022
Dividend Payable
8/26/2022
Ex-Dividend for 10/3 Dividend
9/23/2022
Dividend Payable
10/03/2022
Today
10/04/2022
Next Earnings (Estimated)
11/23/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
8,005
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.70
High Stock Price Forecast
$17.70
Low Stock Price Forecast
$17.70
Forecasted Upside/Downside
+13.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$240.16 million
Pretax Margin
8.99%

Debt

Sales & Book Value

Annual Sales
$2.80 billion
Cash Flow
$6.18 per share
Book Value
$39.35 per share

Miscellaneous

Free Float
52,214,000
Market Cap
$1.00 billion
Optionable
Optionable
Beta
1.32

Key Executives

  • Mr. Gustavo Alejandro Manriquez (Age 53)
    GM & CEO
  • Mr. Jorge Francisco Scarinci (Age 52)
    CFO, Fin. Mang. & IR Mang.
  • Mr. Ernesto Eduardo Medina (Age 55)
    Operations & Technology Mang.
  • Mr. Marcelo Agustin Devoto (Age 46)
    Investment Banking Mang.
  • Mr. Gerardo Adrian Alvarez (Age 53)
    Admin. & HR Mang.
  • Mr. Ernesto Lopez (Age 50)
    Legal Mang.
  • Mr. Gustavo Emilio Pessagno (Age 51)
    Compliance Mang.
  • Mr. Francisco Muro (Age 49)
    Distribution & Sales Mang.
  • Ms. Ana María Magdalena Marcet (Age 61)
    Credit Risk Mang.
  • Lic. Brian Anthony (Age 49)
    Commercial banking manager













BMA Stock - Frequently Asked Questions

Should I buy or sell Banco Macro stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Banco Macro in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BMA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BMA, but not buy additional shares or sell existing shares.
View BMA analyst ratings
or view top-rated stocks.

What is Banco Macro's stock price forecast for 2022?

3 Wall Street research analysts have issued 12-month price targets for Banco Macro's shares. Their BMA share price forecasts range from $17.70 to $17.70. On average, they anticipate the company's stock price to reach $17.70 in the next year. This suggests a possible upside of 14.8% from the stock's current price.
View analysts price targets for BMA
or view top-rated stocks among Wall Street analysts.

How have BMA shares performed in 2022?

Banco Macro's stock was trading at $14.02 at the start of the year. Since then, BMA stock has increased by 10.0% and is now trading at $15.42.
View the best growth stocks for 2022 here
.

Are investors shorting Banco Macro?

Banco Macro saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 919,100 shares, an increase of 37.3% from the August 31st total of 669,600 shares. Based on an average trading volume of 287,600 shares, the days-to-cover ratio is currently 3.2 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 23rd 2022.
View our BMA earnings forecast
.

How were Banco Macro's earnings last quarter?

Banco Macro S.A. (NYSE:BMA) released its quarterly earnings data on Wednesday, August, 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by $0.10. The bank earned $552.75 million during the quarter, compared to analyst estimates of $404.78 million. Banco Macro had a net margin of 9.30% and a trailing twelve-month return on equity of 10.70%.

How often does Banco Macro pay dividends? What is the dividend yield for Banco Macro?

Banco Macro announced a monthly dividend on Friday, September 16th. Stockholders of record on Monday, September 26th will be given a dividend of $0.0821 per share on Monday, October 3rd. This represents a $0.98 annualized dividend and a dividend yield of 6.39%. The ex-dividend date is Friday, September 23rd.
Read our dividend analysis for BMA
.

Is Banco Macro a good dividend stock?

Banco Macro (NYSE:BMA) pays an annual dividend of $1.02 per share and currently has a dividend yield of 7.15%. BMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 24.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMA will have a dividend payout ratio of 23.13% next year. This indicates that the company will be able to sustain or increase its 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?
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 $15.42.

How much money does Banco Macro make?

Banco Macro (NYSE:BMA) has a market capitalization of $985.97 million and generates $2.80 billion in revenue each year. The bank earns $240.16 million in net income (profit) each year or $4.16 on an earnings per share basis.

How many employees does Banco Macro have?

The company employs 8,005 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 10/4/2022 by MarketBeat.com Staff

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