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NYSE:BMA

Banco Macro (BMA) Stock Price, News & Analysis

Banco Macro logo
$96.70 +1.46 (+1.53%)
(As of 12/20/2024 05:31 PM ET)

About Banco Macro Stock (NYSE:BMA)

Key Stats

Today's Range
$92.62
$98.21
50-Day Range
$70.30
$106.79
52-Week Range
$24.41
$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

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.

Banco Macro Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
69th Percentile Overall Score

BMA MarketRank™: 

Banco Macro scored higher than 69% of companies evaluated by MarketBeat, and ranked 465th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Banco Macro's stock forecast and price target.
  • 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 116.80.

  • 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 34.17.

  • 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.

  • 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 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.

  • Read more about Banco Macro's dividend.
  • 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 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 0.79 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.
  • 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.

  • Read more about Banco Macro's insider trading history.
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BMA Stock News Headlines

Banco Macro S.A. (NYSE:BMA) Short Interest Down 8.7% in November
Morgan Stanley Upgrades Banco Macro (NYSE:BMA) to Overweight
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Banco Macro rises 8.4%
See More Headlines

BMA Stock Analysis - Frequently Asked Questions

Banco Macro's stock was trading at $28.70 on January 1st, 2024. Since then, BMA shares have increased by 236.9% and is now trading at $96.70.
View the best growth stocks for 2024 here
.

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

Top institutional investors 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
.

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.

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

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
Banking
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

Net Income
$2.23 billion
Pretax Margin
36.93%

Debt

Sales & Book Value

Annual Sales
$3.42 trillion
Cash Flow
$7.61 per share
Book Value
$61.68 per share

Miscellaneous

Free Float
N/A
Market Cap
$6.18 billion
Optionable
Optionable
Beta
1.75
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This page (NYSE:BMA) was last updated on 12/21/2024 by MarketBeat.com Staff
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