Banco Macro - BMA Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banco Macro in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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.

3 Wall Street research analysts have issued 1 year target prices for Banco Macro's stock. Their BMA share price forecasts range from $17.70 to $17.70. On average, they expect the company's share price to reach $17.70 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
View analysts price targets for BMA or view top-rated stocks among Wall Street analysts.

Banco Macro's stock was trading at $14.02 at the beginning of the year. Since then, BMA stock has increased by 11.5% and is now trading at $15.63.
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Banco Macro saw a increase in short interest in 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 daily volume of 287,600 shares, the days-to-cover ratio is currently 3.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 23rd 2022.
View our BMA earnings forecast.

Banco Macro S.A. (NYSE:BMA) released its quarterly earnings results on Wednesday, August, 24th. The bank reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.10. The bank had revenue of $552.75 million for 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%.

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 yield of 6.30%. The ex-dividend date is Friday, September 23rd.
Read our dividend analysis for BMA.

Banco Macro (NYSE:BMA) pays an annual dividend of $1.02 per share and currently has a dividend yield of 6.62%. 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.

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."

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 $15.63.

Banco Macro (NYSE:BMA) has a market capitalization of $999.38 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.

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.