Banco Macro SA (NYSE:BMA)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $76.66, but opened at $76.88. Banco Macro SA shares last traded at $78.25, with a volume of 39,013 shares traded.

Several research firms have weighed in on BMA. JPMorgan Chase & Co. upgraded Banco Macro SA from a “neutral” rating to an “overweight” rating in a report on Friday, June 17th. Zacks Investment Research cut Banco Macro SA from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Goldman Sachs Group Inc. began coverage on Banco Macro SA in a report on Wednesday, April 27th. They issued a “neutral” rating for the company. Finally, Citigroup Inc. upgraded Banco Macro SA from a “sell” rating to a “neutral” rating in a report on Monday, May 23rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Banco Macro SA currently has an average rating of “Hold” and an average price target of $70.25.

The stock has a market capitalization of $4.57 billion and a P/E ratio of 10.70. The company’s 50-day moving average price is $75.75 and its 200-day moving average price is $68.65.

The company also recently announced a dividend, which was paid on Tuesday, August 16th. Investors of record on Tuesday, August 16th were given a $0.667 dividend. The ex-dividend date was Friday, August 12th.

Banco Macro SA (the Bank) is a bank. The Bank offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. The Bank offers savings and checking accounts, credit and debit cards, consumer finance loans (including personal loans), mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automatic teller machines (ATMs) and money transfers.

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