NYSE:BMABanco Macro Stock Price, Forecast & News

$20.61

-0.34 (-1.62 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$19.60

Now: $20.61▼

$21.53

50-Day Range

$14.15

MA: $17.39▼

$20.80

52-Week Range

$13.59

Now: $20.61▼

$77.31

Volume618,253 shs

Average Volume475,343 shs

Market Capitalization$1.38 billion

P/E Ratio1.68

Dividend YieldN/A

Beta1.2

Banco Macro S.A. provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail 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, mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services that include deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services. Further, the company provides trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; transaction services, such as collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; and information services, such as Datanet and Interpymes services to corporate customers. As of December 31, 2017, it operated through a network of 445 branches, 1,443 ATMs, 912 self-service terminals, and service points. Banco Macro S.A. also offers Internet banking services. The company was incorporated in 1988 and is headquartered in Buenos Aires, Argentina.

Beat the Market (BTM) Rank^™

2.7 Analyst's Opinion

Consensus Rating
Banco Macro has received a consensus rating of Sell. The company's average rating score is 1.43, and is based on no buy ratings, 3 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $58.00, Banco Macro has a potential upside of 181.4% from its current price of $20.61.
Amount of Analyst Coverage
Banco Macro has received no research coverage in the past 90 days.

2.3 Community Rank

Outperform Votes
Banco Macro has received 311 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Banco Macro has received 352 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Banco Macro has received 53.09% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Banco Macro and other stocks. Vote “Outperform” if you believe BMA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BMA will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.8 Dividend Strength

Dividend Yield
Banco Macro does not currently pay a dividend.
Dividend Growth
Banco Macro has only been increasing its dividend for 3 years.
Dividend Sustainability
Based on earnings estimates, Banco Macro will have a dividend payout ratio of 21.21 % next year. This indicates that Banco Macro will be able to sustain or increase its dividend.

0.0 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 Institutions
Only 19.68% of the stock of Banco Macro is held by institutions.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Banco Macro are expected to grow by 2.80% in the coming year, from $10.00 to $10.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Banco Macro is 1.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of Banco Macro is 1.68, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.68.
Price to Book Value per Share Ratio
Banco Macro has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.67 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Commercial banks, not elsewhere classified

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:BMA

Previous Symbol

CUSIPN/A

CIK1347426

Webwww.macro.com.ar

Phone54-11-5222-6730

Debt

Debt-to-Equity Ratio0.30

Current Ratio1.23

Quick Ratio1.23

Price-To-Earnings

Trailing P/E Ratio1.68

Forward P/E Ratio2.06

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.36 billion

Price / Sales0.58

Cash Flow$11.08 per share

Price / Cash Flow1.86

Book Value$32.78 per share

Price / Book0.63

Profitability

EPS (Most Recent Fiscal Year)$10.87

Net Income$427.46 million

Net Margins28.44%

Return on Equity49.59%

Return on Assets9.18%

Miscellaneous

Employees9,028

Outstanding Shares66,966,000

Market Cap$1.38 billion

Next Earnings Date5/28/2020 (Estimated)

OptionableOptionable

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Banco Macro (NYSE:BMA) Frequently Asked Questions

How has Banco Macro's stock been impacted by COVID-19 (Coronavirus)?

Banco Macro's stock was trading at $23.79 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BMA stock has decreased by 13.4% and is now trading at $20.61. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Banco Macro?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banco Macro in the last year. There are currently 4 sell ratings and 3 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Banco Macro.

When is Banco Macro's next earnings date?

Banco Macro is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for Banco Macro.

How were Banco Macro's earnings last quarter?

Banco Macro SA ADR (NYSE:BMA) posted its earnings results on Wednesday, November, 9th. The bank reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.22. The bank had revenue of $403.26 million for the quarter. Banco Macro had a net margin of 28.44% and a return on equity of 49.59%. View Banco Macro's earnings history.

What price target have analysts set for BMA?

7 brokerages have issued 1 year price objectives for Banco Macro's stock. Their forecasts range from $55.00 to $61.00. On average, they anticipate Banco Macro's stock price to reach $58.00 in the next twelve months. This suggests a possible upside of 181.4% from the stock's current price. View analysts' price targets for Banco Macro.

Has Banco Macro been receiving favorable news coverage?

News headlines about BMA stock have been trending very negative on Wednesday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Banco Macro earned a media sentiment score of -3.8 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutBanco Macro.

Are investors shorting Banco Macro?

Banco Macro saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 761,200 shares, a drop of 5.6% from the April 30th total of 806,600 shares. Based on an average daily volume of 431,300 shares, the short-interest ratio is currently 1.8 days. Approximately 1.2% of the company's shares are short sold. View Banco Macro's Current Options Chain.

Who are some of Banco Macro's key competitors?

Some companies that are related to Banco Macro include Bancolombia (CIB), Woori Financial Group (WF), GRUPO AVAL ACCI/S (AVAL), Banco Santander Mexico Sa Instcn De (BSMX), Grupo Financiero Galicia (GGAL), Bank of N.T. Butterfield & Son (NTB), Itau Corpbanca (ITCB), SURUGA BANK ADR REP 10 (SUGBY), BBVA Banco Frances (BBAR), Opus Bank (OPB), Banco Latinoamericano de Comerci Extr (BLX), Peapack-Gladstone Financial (PGC), Bco Com Portugues (BPCGY), Grupo Supervielle (SUPV) and American Business Bank (AMBZ). View all competitors.

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 Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), AT&T (T), NGL Energy Partners (NGL), NY MTG TR INC/SH (NYMT), ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), ARMOUR Residential REIT (ARR), New Residential Investment (NRZ) and Grupo Financiero Galicia (GGAL).

Who are Banco Macro's key executives?

Banco Macro's management team includes the following people:

Mr. Gustavo Alejandro Manriquez, CEO & GM (Age 50)
Mr. Jorge Francisco Scarinci, CFO and Fin. & IR Mang. (Age 49)
Mr. Ricardo Mendoza Albán, Operations & Technology Mang. (Age 51)
Mr. Agustín Devoto, Investment Banking Mang. (Age 43)
Ms. María José Perez Van Morlegan, Legal Services Mang. (Age 45)

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 number of institutional and retail investors. Top institutional shareholders include Odey Asset Management Group Ltd (4.10%), BlackRock Inc. (3.22%), State Street Corp (2.39%), Acadian Asset Management LLC (1.12%), Grantham Mayo Van Otterloo & Co. LLC (0.52%) and Wellington Management Group LLP (0.30%). View institutional ownership trends for Banco Macro.

Which major investors are selling Banco Macro stock?

BMA stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BlackRock Inc., Deutsche Bank AG, Russell Investments Group Ltd., Morgan Stanley, SG Americas Securities LLC, Wells Fargo & Company MN, and UBS Group AG. View insider buying and selling activity for Banco Macro.

Which major investors are buying Banco Macro stock?

BMA stock was acquired by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Wellington Management Group LLP, Teacher Retirement System of Texas, State Street Corp, Schroder Investment Management Group, Odey Asset Management Group Ltd, Marathon Asset Management LP, and Grantham Mayo Van Otterloo & Co. LLC. View insider buying and selling activity for Banco Macro.

How do I buy shares of Banco Macro?

Shares of BMA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Banco Macro's stock price today?

One share of BMA stock can currently be purchased for approximately $20.61.

How big of a company is Banco Macro?

Banco Macro has a market capitalization of $1.38 billion and generates $2.36 billion in revenue each year. The bank earns $427.46 million in net income (profit) each year or $10.87 on an earnings per share basis. Banco Macro employs 9,028 workers across the globe.

What is Banco Macro's official website?

The official website for Banco Macro is www.macro.com.ar.

How can I contact Banco Macro?

Banco Macro's mailing address is AVENIDA EDUARDO MADERO 1182 24TH FLOOR, BUENOS AIRES C1, 1106. The bank can be reached via phone at 54-11-5222-6730 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff