Banco Macro (BMA) Stock Price, News & Analysis

Company Overview

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, 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. Banco Macro S.A. was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.

Key Stats

• Today's Range: $92.62 to $98.21
• 50-Day Range: $70.30 to $106.79
• 52-Week Range: $24.41 to $109.36
• Volume: 264,917 shs
• Average Volume: 347,609 shs
• Market Capitalization: $6.18 billion
• P/E Ratio: 8.48
• Dividend Yield: 6.08%
• Price Target: $50.83
• Consensus Rating: Hold

Banco Macro Stock Analysis - MarketRank™

Banco Macro scored higher than 69% of companies evaluated by MarketBeat, and ranked 420th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Banco Macro has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Banco Macro has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 25.97%

Earnings Growth

Earnings for Banco Macro are expected to grow by 25.97% in the coming year, from $7.47 to $9.41 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Banco Macro is 8.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Banco Macro is 8.48, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.71.

Price to Book Value per Share Ratio

Banco Macro has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.91% of the float of Banco Macro has been sold short.

Short Interest Ratio / Days to Cover

Banco Macro has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Banco Macro has recently decreased by 8.68%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Banco Macro is a leading dividend payer. It pays a dividend yield of 5.53%, 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 51.53%. 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 62.49% next year. This indicates that Banco Macro will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.91% of the float of Banco Macro has been sold short.

Short Interest Ratio / Days to Cover

Banco Macro has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Banco Macro has recently decreased by 8.68%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.47

News Sentiment

Banco Macro has a news sentiment score of 0.47. 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 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Banco Macro this week, compared to 2 articles on an average week.

Search Interest

16 people have searched for BMA on MarketBeat in the last 30 days. This is an increase of 45% compared to the previous 30 days.

MarketBeat Follows

5 people have added Banco Macro to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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.

BMA Stock Analysis - Frequently Asked Questions

How have BMA shares performed this year?

Banco Macro's stock was trading at $28.70 at the beginning of the year. Since then, BMA shares have increased by 236.9% and is now trading at $96.70.
View the best growth stocks for 2024 here.

How were Banco Macro's earnings last quarter?

Banco Macro S.A. (NYSE:BMA) issued its quarterly earnings data on Thursday, August, 22nd. The bank reported ($4.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by $5.50. The bank had revenue of $1.03 billion for the quarter. Banco Macro had a trailing twelve-month return on equity of 26.55% and a net margin of 15.12%.

Who are Banco Macro's major shareholders?

Top institutional shareholders of Banco Macro include TT International Asset Management LTD, Dorsey Wright & Associates, Glenorchy Capital Ltd (0.10%) and BNP Paribas Financial Markets.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Banco Macro own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Banco Macro investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), General Electric (GE), Arista Networks (ANET) and e.l.f. Beauty (ELF).

Company Calendar

• Last Earnings: 8/22/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Commercial banks, not elsewhere classified
• Sub-Industry: Banking
• 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 Target: $50.83
• High Stock Price Target: $78.00
• Low Stock Price Target: $12.50
• Potential Upside/Downside: -47.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $11.41
• Trailing P/E Ratio: 8.48
• Forward P/E Ratio: 12.95
• P/E Growth: N/A
• Net Income: $2.23 billion
• Net Margins: 15.12%
• Pretax Margin: 36.93%
• Return on Equity: 26.55%
• Return on Assets: 7.77%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 1.02
• Quick Ratio: 0.79

Sales & Book Value

• Annual Sales: $3.42 trillion
• Price / Sales: 0.00
• Cash Flow: $7.61 per share
• Price / Cash Flow: 12.71
• Book Value: $61.68 per share
• Price / Book: 1.57

Miscellaneous

• Outstanding Shares: 63,900,000
• Free Float: N/A
• Market Cap: $6.18 billion
• Optionable: Optionable
• Beta: 1.75