Banco Macro - BMA Stock Forecast, Price & News

1 Wall Street equities research 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 equities research 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 26.2% and is now trading at $20.73.
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Banco Macro saw a decline in short interest during the month of December. As of December 30th, there was short interest totaling 447,000 shares, a decline of 18.0% from the December 15th total of 545,000 shares. Based on an average daily trading volume, of 183,000 shares, the short-interest ratio is presently 2.4 days.
View Banco Macro's Short Interest.

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

Banco Macro S.A. (NYSE:BMA) announced its quarterly earnings data on Wednesday, November, 23rd. The bank reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.36. The bank had revenue of $603.16 million for the quarter, compared to the consensus estimate of $432.36 million. Banco Macro had a net margin of 7.53% and a trailing twelve-month return on equity of 9.37%.

Banco Macro declared a monthly dividend on Monday, December 19th. Investors 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 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Friday, December 23rd.
Read our dividend analysis for BMA.

Banco Macro (NYSE:BMA) pays an annual dividend of $0.94 per share and currently has a dividend yield of 4.58%. 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 33.10% 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 number of retail and institutional investors. Top institutional shareholders include Simplex Trading LLC (0.00%), Trium Capital LLP (0.00%), Cutler Group LLC CA (0.00%) and Concourse Financial Group Securities Inc. (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 $20.73.

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.