Banco Macro - BMA Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banco Macro in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BMA shares.
View BMA analyst ratings or view top-rated stocks.

Banco Macro's stock was trading at $16.42 at the start of the year. Since then, BMA shares have increased by 8.5% and is now trading at $17.81.
View the best growth stocks for 2023 here.

Banco Macro saw a increase in short interest in March. As of March 15th, there was short interest totaling 250,000 shares, an increase of 8.5% from the February 28th total of 230,400 shares. Based on an average daily trading volume, of 277,600 shares, the days-to-cover ratio is currently 0.9 days.
View Banco Macro's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 22nd 2023.
View our BMA earnings forecast.

Banco Macro S.A. (NYSE:BMA) announced its quarterly earnings data on Wednesday, July, 7th. The bank reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by $0.23. Banco Macro had a trailing twelve-month return on equity of 8.24% and a net margin of 6.23%.

Banco Macro announced a monthly dividend on Monday, December 19th. Stockholders of record on Tuesday, December 27th will be paid a dividend of $0.0787 per share on Wednesday, January 4th. This represents a $0.94 annualized dividend and a yield of 5.30%. The ex-dividend date is Friday, December 23rd.
Read our dividend analysis for BMA.

Global X MSCI Argentina ETF holds 106,561 shares of BMA stock, representing 3.91% of its portfolio.

Banco Macro (NYSE:BMA) pays an annual dividend of $1.02 per share and currently has a dividend yield of 5.59%. BMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 26.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMA will have a dividend payout ratio of 31.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMA.

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.

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).

Banco Macro trades on the New York Stock Exchange (NYSE) under the ticker symbol "BMA."

Banco Macro's stock is owned by a variety of retail and institutional investors. Top institutional investors include Discovery Capital Management LLC CT (0.00%), Arrowstreet Capital Limited Partnership (0.00%), Morgan Stanley (0.00%), Jane Street Group LLC (0.00%), Susquehanna International Group LLP (0.00%) and Susquehanna Fundamental Investments LLC (0.00%).
View institutional ownership trends.

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.

One share of BMA stock can currently be purchased for approximately $17.81.

The company employs 8,005 workers across the globe.

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.