Banco Macro SA (BMA) Sees Strong Trading Volume
Banco Macro SA (NYSE:BMA) shares saw strong trading volume on Friday . 67,806 shares were traded during trading, a decline of 5% from the previous session’s volume of 71,487 shares.The stock last traded at $80.72 and had previously closed at $80.73.
Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Banco Macro SA from a “neutral” rating to an “overweight” rating in a research report on Friday, June 17th. Zacks Investment Research downgraded shares of Banco Macro SA from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Finally, Citigroup Inc. upgraded shares of Banco Macro SA from a “sell” rating to a “neutral” rating in a report on Monday, May 23rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.25.
The stock has a 50 day moving average price of $76.08 and a 200 day moving average price of $68.81. The stock has a market capitalization of $4.62 billion and a price-to-earnings ratio of 10.97.
The company also recently announced a dividend, which was paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 16th were issued 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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