Banco Macro (BMA) to Release Quarterly Earnings on Thursday

Banco Macro (NYSE:BMA) is projected to release its Q1 2025 earnings data before the market opens on Thursday, May 22nd. Analysts expect Banco Macro to post earnings of $1.76 per share and revenue of $837.49 billion for the quarter.

Banco Macro Stock Performance

Shares of BMA opened at $96.29 on Tuesday. The company has a market capitalization of $6.15 billion, a PE ratio of 8.44 and a beta of 1.73. Banco Macro has a one year low of $42.23 and a one year high of $118.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. The company’s fifty day moving average price is $83.87 and its 200 day moving average price is $89.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BMA. Jones Financial Companies Lllp increased its holdings in shares of Banco Macro by 271,350.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock worth $410,000 after purchasing an additional 5,427 shares during the period. NewEdge Advisors LLC bought a new position in shares of Banco Macro during the 1st quarter worth about $704,000. Jane Street Group LLC increased its holdings in shares of Banco Macro by 106.5% during the 1st quarter. Jane Street Group LLC now owns 13,705 shares of the bank’s stock worth $1,035,000 after purchasing an additional 7,067 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Banco Macro by 47.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank’s stock worth $5,045,000 after purchasing an additional 21,613 shares during the period.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their target price on shares of Banco Macro from $78.00 to $89.00 and gave the stock a “neutral” rating in a report on Monday, April 21st.

Banco Macro Company Profile

Banco Macro SA 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.