Banco Macro (BMA) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banco Macro in the last twelve months. 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 beginning of 2023. Since then, BMA stock has increased by 36.7% and is now trading at $22.45.
View the best growth stocks for 2023 here.

Banco Macro saw a increase in short interest in May. As of May 15th, there was short interest totaling 261,800 shares, an increase of 37.0% from the April 30th total of 191,100 shares. Based on an average trading volume of 183,600 shares, the days-to-cover ratio is presently 1.4 days.
View Banco Macro's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 23rd 2023.
View our BMA earnings forecast.

Banco Macro S.A. (NYSE:BMA) posted 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 8.14% and a net margin of 5.15%.

Banco Macro declared a monthly dividend on Monday, December 19th. Stockholders of record on Tuesday, December 27th will be given a dividend of $0.0787 per share on Wednesday, January 4th. This represents a $0.94 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, December 23rd.
Read our dividend analysis for BMA.

Global X MSCI Argentina ETF holds 116,232 shares of BMA stock, representing 4.16% of its portfolio.

Banco Macro (NYSE:BMA) pays an annual dividend of $0.33 per share and currently has a dividend yield of 1.70%. The dividend payout ratio is 8.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMA will have a dividend payout ratio of 15.35% 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 many different institutional and retail investors. Top institutional shareholders include JGP Global Gestao de Recursos Ltda. (0.00%), Mirae Asset Global Investments Co. Ltd. (0.16%), BNP Paribas Arbitrage SNC (0.00%), Two Sigma Investments LP (0.09%), Renaissance Technologies LLC (0.00%) and Sterling Manor Financial 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.
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One share of BMA stock can currently be purchased for approximately $22.45.

The company employs 7,796 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.