How have BMA shares performed in 2024?

Banco Macro's stock was trading at $28.70 on January 1st, 2024. Since then, BMA shares have increased by 68.8% and is now trading at $48.45. View the best growth stocks for 2024 here .

Are investors shorting Banco Macro?

Banco Macro saw a increase in short interest in March. As of March 15th, there was short interest totaling 959,800 shares, an increase of 14.4% from the February 29th total of 839,200 shares. Based on an average daily volume of 379,200 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.5% of the shares of the company are short sold. View Banco Macro's Short Interest .

When is Banco Macro's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024. View our BMA earnings forecast .

How were Banco Macro's earnings last quarter?

Banco Macro S.A. (NYSE:BMA) issued its quarterly earnings results on Wednesday, November, 22nd. The bank reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by $0.99. The bank earned $2.20 billion during the quarter. Banco Macro had a trailing twelve-month return on equity of 56.62% and a net margin of 12.92%. During the same period last year, the firm earned $0.94 EPS.

How often does Banco Macro pay dividends? What is the dividend yield for Banco Macro?

Banco Macro announced a -- dividend on Thursday, December 28th. Investors of record on Monday, January 8th will be paid a dividend of $0.5958 per share on Tuesday, January 16th. The ex-dividend date of this dividend is Friday, January 5th. This is an increase from the stock's previous -- dividend of $0.45. Read our dividend analysis for BMA .

Is Banco Macro a good dividend stock?

Banco Macro (NYSE:BMA) pays an annual dividend of $2.80 per share and currently has a dividend yield of 5.83%. BMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMA will have a dividend payout ratio of 30.67% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BMA .

What ETFs hold Banco Macro's stock?

ETFs with the largest weight of Banco Macro (NYSE:BMA) stock in their portfolio include Global X MSCI Argentina ETF (ARGT) and AdvisorShares Dorsey Wright ADR ETF (AADR) . Amplify International Enhanced Dividend Income ETF (IDVO) .

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) .

Who are Banco Macro's major shareholders?

Banco Macro's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Fourth Sail Capital LP (0.00%) and Claro 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:BMA

Banco Macro (BMA) Stock Price, News & Analysis

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$48.42

+0.33 (+0.69%)

(As of 03:26 PM ET)

Compare

Today's Range: $47.90
▼
$49.34
50-Day Range: $28.83
▼
$52.20
52-Week Range: $16.49
▼
$54.67

Volume: 159,180 shs
Average Volume: 381,377 shs
Market Capitalization: N/A

P/E Ratio: 8.76
Dividend Yield: 5.78%
Price Target: N/A

Get Banco Macro alerts:

Banco Macro MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.52% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.13
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -42.40%
From $15.85 to $9.13 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.40 out of 5 stars

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Banco Macro.

4.0

Short Interest

Percentage of Shares Shorted
1.52% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Banco Macro has recently decreased by 0.52%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Banco Macro is a leading dividend payer. It pays a dividend yield of 5.83%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Banco Macro has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Banco Macro is 50.63%. 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 30.67% 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.

4.0

News and Social Media Coverage

News Sentiment
Banco Macro has a news sentiment score of 1.13. 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 higher news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Banco Macro this week, compared to 1 article on an average week.
Search Interest
5 people have searched for BMA on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
MarketBeat Follows
7 people have added Banco Macro to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Banco Macro are expected to decrease by -42.40% in the coming year, from $15.85 to $9.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Banco Macro is 8.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Banco Macro is 8.76, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.98.
Price to Book Value per Share Ratio
Banco Macro has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Banco Macro Stock (NYSE:BMA)

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

BMA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BMA Stock News Headlines

April 17, 2024 | stocknews.com

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Banco Macro (NYSE:BMA) Share Price Passes Above 200-Day Moving Average of $29.63

April 8, 2024 | stocknews.com

Is JPMorgan (JPM) a Strong Buy Ahead of Earnings?

March 22, 2024 | msn.com

BMA Stock Earnings: Banco Macro Beats EPS for Q2 2023

April 18, 2024 | Weiss Ratings (Ad)

Nvidia Has a BIG Problem — Here’s Who Benefits MOST

March 12, 2024 | msn.com

Cuánto paga cada banco por el plazo fijo luego de la baja de casi 40 puntos de tasa de interés

March 2, 2024 | seekingalpha.com

Banco Macro SA (BMA) Q4 2023 Earnings Call Transcript

March 1, 2024 | finance.yahoo.com

Banco Macro S.A. (NYSE:BMA) Q4 2023 Earnings Call Transcript

February 29, 2024 | msn.com

Root, Banco Macro S.A. among financial movers

February 28, 2024 | prnewswire.com

Banco Macro Announces Results for the Fourth Quarter of 2023

February 27, 2024 | benzinga.com

Preview: Banco Macro's Earnings

February 25, 2024 | finance.yahoo.com

BMA Apr 2024 20.000 call

February 25, 2024 | finance.yahoo.com

BMA Oct 2024 30.000 put

February 24, 2024 | msn.com

Banco Macro S.A. - Depositary Receipt () (BMA) Price Target Increased by 39.38% to 25.09

February 24, 2024 | msn.com

Marathon Digital retreats, Banco Macro climbs in week's financial movers

February 23, 2024 | finance.yahoo.com

BMA Apr 2024 25.000 call

February 23, 2024 | money.usnews.com

Banco Macro S.A. - ADR

February 16, 2024 | finance.yahoo.com

BMA Jul 2024 22.500 call

February 16, 2024 | finance.yahoo.com

BMA Apr 2024 45.000 call

February 1, 2024 | msn.com

Gran comienzo del año para el Merval: ¿Cuáles fueron las acciones que más crecieron?

January 31, 2024 | investing.com

Banco Macro SA B (BMA)

January 5, 2024 | gurufocus.com

Banco Macro SA's Dividend Analysis

December 20, 2023 | finance.yahoo.com

Banco Macro (BMA) Upgraded to Buy: Here's What You Should Know

See More Headlines

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Company Calendar

Last Earnings: 11/22/2023
Today: 4/18/2024
Next Earnings (Estimated): 5/15/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NYSE:BMA
CUSIP: N/A
CIK: 1347426
Web: www.macro.com.ar
Phone: 541152226730
Fax: 54-11-5325-5641
Employees: 7,796
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $5.53
Trailing P/E Ratio: 8.76
Forward P/E Ratio: 3.06
P/E Growth: N/A
Net Income: $2.23 billion
Net Margins: 12.92%
Pretax Margin: 19.28%
Return on Equity: 56.62%
Return on Assets: 15.69%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 1.05
Quick Ratio: 0.88

Sales & Book Value

Annual Sales: $17.15 billion
Price / Sales: N/A
Cash Flow: $7.20 per share
Price / Cash Flow: 6.73
Book Value: $61.68 per share
Price / Book: 0.79

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Optionable
Beta: 1.86

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Key Executives

Mr. Gustavo Alejandro Manriquez (Age 55)
GM & CEO
Mr. Jorge Francisco Scarinci (Age 54)
CFO, Finance Manager & IR Manager
Mr. Marcelo Agustin Devoto (Age 48)
Investment Banking Manager
Mr. Ernesto Eduardo Medina (Age 57)
System &Technology Manager
Mr. Gerardo Adrian Alvarez (Age 55)
Administration & Human Resources Manager
Mr. Ernesto Lopez (Age 52)
Legal Manager
Nicolas Daniel Giacinti
Compliance Manager
Mr. Francisco Muro (Age 51)
Distribution & Sales Manager
Ms. Ana María Magdalena Marcet (Age 63)
Credit Risk Manager
Lic. Brian Anthony (Age 51)
Commercial banking manager

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

BMA Stock Analysis - Frequently Asked Questions

How have BMA shares performed in 2024?: Banco Macro's stock was trading at $28.70 on January 1st, 2024. Since then, BMA shares have increased by 68.8% and is now trading at $48.45.
View the best growth stocks for 2024 here.
Are investors shorting Banco Macro?: Banco Macro saw a increase in short interest in March. As of March 15th, there was short interest totaling 959,800 shares, an increase of 14.4% from the February 29th total of 839,200 shares. Based on an average daily volume of 379,200 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.5% of the shares of the company are short sold.
View Banco Macro's Short Interest.
When is Banco Macro's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024.
View our BMA earnings forecast.
How were Banco Macro's earnings last quarter?: Banco Macro S.A. (NYSE:BMA) issued its quarterly earnings results on Wednesday, November, 22nd. The bank reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by $0.99. The bank earned $2.20 billion during the quarter. Banco Macro had a trailing twelve-month return on equity of 56.62% and a net margin of 12.92%. During the same period last year, the firm earned $0.94 EPS.
How often does Banco Macro pay dividends? What is the dividend yield for Banco Macro?: Banco Macro announced a -- dividend on Thursday, December 28th. Investors of record on Monday, January 8th will be paid a dividend of $0.5958 per share on Tuesday, January 16th. The ex-dividend date of this dividend is Friday, January 5th. This is an increase from the stock's previous -- dividend of $0.45.
Read our dividend analysis for BMA.
Is Banco Macro a good dividend stock?: Banco Macro (NYSE:BMA) pays an annual dividend of $2.80 per share and currently has a dividend yield of 5.83%. BMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMA will have a dividend payout ratio of 30.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMA.

What ETFs hold Banco Macro's stock?: ETFs with the largest weight of Banco Macro (NYSE:BMA) stock in their portfolio include Global X MSCI Argentina ETF (ARGT) and AdvisorShares Dorsey Wright ADR ETF (AADR).Amplify International Enhanced Dividend Income ETF (IDVO).
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).
Who are Banco Macro's major shareholders?: Banco Macro's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Fourth Sail Capital LP (0.00%) and Claro 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BMA) was last updated on 4/18/2024 by MarketBeat.com Staff

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