NYSE:BMA

Banco Macro - BMA Stock Forecast, Price & News

$14.25

-0.28 (-1.93%)

(As of 12/1/2022 12:00 AM ET)

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Today's Range: $14.05
▼
$14.53
50-Day Range: $12.84
▼
$15.78
52-Week Range: $9.72
▼
$18.05

Volume: 112,557 shs
Average Volume: 239,479 shs
Market Capitalization: $911.16 million

P/E Ratio: 3.62
Dividend Yield: 6.47%
Price Target: $17.70

Banco Macro MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 100.0% Downside
$0.00 Price Target
Short Interest: Healthy
0.84% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.26
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 28.66%
From $3.35 to $4.31 Per Share

Overall MarketRank^™

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

2.29 out of 5 stars

Finance Sector

383rd out of 912 stocks

Commercial Banks, Not Elsewhere Classified Industry

18th out of 36 stocks

1.0

Analyst's Opinion

Consensus Rating
Banco Macro has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $0.00, Banco Macro has a forecasted downside of 100.0% from its current price of $14.25.
Amount of Analyst Coverage
Banco Macro has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.84% of the outstanding shares of Banco Macro have been sold short.
Short Interest Ratio / Days to Cover
Banco Macro has a short interest ratio ("days to cover") of 2.4, 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 3.36%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Banco Macro is a leading dividend payer. It pays a dividend yield of 6.47%, 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 23.86%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Banco Macro will have a dividend payout ratio of 21.81% next year. This indicates that Banco Macro will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

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

2.9

News and Social Media Coverage

News Sentiment
Banco Macro has a news sentiment score of 0.26. 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 0.67 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Banco Macro this week, compared to 1 article on an average week.
Search Interest
9 people have searched for BMA on MarketBeat in the last 30 days. This is an increase of 80% compared to the previous 30 days.
MarketBeat Follows
2 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.
Percentage Held by Institutions
Only 5.52% of the stock of Banco Macro is held by institutions.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Banco Macro are expected to grow by 28.66% in the coming year, from $3.35 to $4.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Banco Macro is 3.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of Banco Macro is 3.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 179.08.
Price to Book Value per Share Ratio
Banco Macro has a P/B Ratio of 0.29. 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. 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

December 1, 2022 | finance.yahoo.com

Banco Macro S A (NYSE:BMA) Q3 2022 Earnings Call Transcript

November 30, 2022 | finance.yahoo.com

Edited Transcript of BMA.BA earnings conference call or presentation 28-Nov-22 4:00pm GMT

November 28, 2022 | seekingalpha.com

Banco Macro S.A. (BMA) Q3 2022 Earnings Call Transcript

November 28, 2022 | americanbankingnews.com

Banco Macro (NYSE:BMA) Upgraded at StockNews.com

November 18, 2022 | benzinga.com

Banco Macro: Dividend Insights

November 15, 2022 | fool.com

Banco Macro (NYSE: BMA)

November 8, 2022 | msn.com

Plazo fijo Banco Macro: cuánta plata ganás si hoy invertís $60.000

October 28, 2022 | finance.yahoo.com

Is Macro Bank (BMA) Outperforming Other Finance Stocks This Year?

October 25, 2022 | msn.com

Banco Macro, Pampas y Compra Gamer formaron parte del evento gamer más grande de América

September 29, 2022 | es.investing.com

Banco Macro B ADR Cadena de Opciones

September 28, 2022 | msn.com

Banco Macro presenta la muestra fotográfica "Las Pelilargas" de la artista Irina Werning

August 26, 2022 | finance.yahoo.com

Edited Transcript of BMA.BA earnings conference call or presentation 25-Aug-22 3:00pm GMT

August 25, 2022 | seekingalpha.com

Banco Macro S.A. (BMA) Q2 2022 Earnings Call Transcript

August 25, 2022 | seekingalpha.com

Banco Macro sees FY22 loan demand to be 'more sluggish,' says CFO

August 19, 2022 | finance.yahoo.com

Banco Macro S.A. (BMA)

August 9, 2022 | es.investing.com

La Bolsa de Buenos Aires cierra con una subida del 2,43 %

July 29, 2022 | finance.yahoo.com

Banco Macro (BMA) Soars 8%: Is Further Upside Left in the Stock?

June 28, 2022 | finance.yahoo.com

Banco Macro (BMA) Loses 30.6% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

June 21, 2022 | msn.com

Banco Macro instalará una sucursal en Alto Comedero

May 23, 2022 | seekingalpha.com

Banco Macro reports Q1 results

May 23, 2022 | finance.yahoo.com

Banco Macro Announces Results for the First Quarter of 2022

May 23, 2022 | finance.yahoo.com

Banco Macro Announces Payment Of Cash Dividend

May 22, 2022 | markets.businessinsider.com

Here's what to expect from Banco Macro's earnings

May 4, 2022 | stocknews.com

Credit Suisse Group: Down More Than 27% Year-to-Date, is Now a Good Time to Buy?

April 28, 2022 | finance.yahoo.com

Banco Macro S.A. Informs the Market of the Filing of its Annual Report on form 20-F for the Fiscal Year Ended December 31, 2021

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BMA Company Calendar

Last Earnings: 7/07/2021
Ex-Dividend for 10/31 Dividend: 10/21/2022
Dividend Payable: 10/31/2022
Ex-Dividend for 12/2 Dividend: 11/23/2022
Today: 12/01/2022
Dividend Payable: 12/02/2022
Fiscal Year End: 12/31/2022

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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: 8,005
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $0.00
High Stock Price Forecast: $0.00
Low Stock Price Forecast: $10,000,000.00
Forecasted Upside/Downside: +24.2%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.94
Trailing P/E Ratio: 3.62
Forward P/E Ratio: 4.25
P/E Growth: N/A
Net Income: $240.16 million
Net Margins: 7.53%
Pretax Margin: 8.84%
Return on Equity: 9.37%
Return on Assets: 2.29%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 0.71
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $2.80 billion
Price / Sales: 0.32
Cash Flow: $5.75 per share
Price / Cash Flow: 2.48
Book Value: $49.17 per share
Price / Book: 0.29

Miscellaneous

Outstanding Shares: 63,941,000
Free Float: 52,214,000
Market Cap: $911.16 million
Optionable: Optionable
Beta: 1.25

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BMA Stock - Frequently Asked Questions

Should I buy or sell Banco Macro stock right now?: 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.
What is Banco Macro's stock price forecast for 2023?: 3 brokers have issued 12 month target prices for Banco Macro's shares. Their BMA share price forecasts range from $17.70 to $17.70. On average, they predict the company's stock price to reach $17.70 in the next year. This suggests a possible upside of 24.2% 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 beginning of 2022. Since then, BMA shares have increased by 1.6% and is now trading at $14.25.
View the best growth stocks for 2022 here.
Are investors shorting Banco Macro?: Banco Macro saw a decrease in short interest in October. As of October 31st, there was short interest totaling 521,200 shares, a decrease of 9.0% from the October 15th total of 572,500 shares. Based on an average daily trading volume, of 232,900 shares, the short-interest ratio is currently 2.2 days.
View Banco Macro's Short Interest.
How were Banco Macro's earnings last quarter?: Banco Macro S.A. (NYSE:BMA) issued its quarterly earnings results on Wednesday, July, 7th. The bank reported $0.39 EPS for the quarter, missing the consensus estimate of $0.62 by $0.23. Banco Macro had a net margin of 7.53% and a trailing twelve-month return on equity of 9.37%.
How often does Banco Macro pay dividends? What is the dividend yield for Banco Macro?: Banco Macro declared a monthly dividend on Tuesday, November 15th. Stockholders of record on Friday, November 25th will be paid a dividend of $0.0787 per share on Friday, December 2nd. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Wednesday, November 23rd.
Read our dividend analysis for BMA.
Is Banco Macro a good dividend stock?: Banco Macro (NYSE:BMA) pays an annual dividend of $0.94 per share and currently has a dividend yield of 6.47%. BMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 23.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMA will have a dividend payout ratio of 21.81% 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?: 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."
Who are Banco Macro's major shareholders?: Banco Macro's stock is owned by a variety of institutional and retail investors. Top institutional investors include BNP Paribas Arbitrage SNC (0.15%), Renaissance Technologies LLC (0.09%), Verition Fund Management LLC (0.09%), Jump Financial LLC (0.07%), Virtu Financial LLC (0.05%) and Citadel Advisors LLC (0.00%).
View institutional ownership trends.
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 $14.25.
How much money does Banco Macro make?: Banco Macro (NYSE:BMA) has a market capitalization of $911.16 million and generates $2.80 billion in revenue each year. The bank earns $240.16 million in net income (profit) each year or $3.94 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 12/2/2022 by MarketBeat.com Staff

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