Banco Macro SA (BMA) Sees Unusually-High Trading Volume
Shares of Banco Macro SA (NYSE:BMA) saw an uptick in trading volume on Friday . 67,806 shares changed hands during mid-day 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.
A number of brokerages recently issued reports on BMA. Citigroup Inc. upgraded Banco Macro SA from a “sell” rating to a “neutral” rating in a research report on Monday, May 23rd. Zacks Investment Research upgraded Banco Macro SA from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Thursday, May 26th. Finally, JPMorgan Chase & Co. upgraded Banco Macro SA from a “neutral” rating to an “overweight” rating in a research report on Friday, June 17th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $70.25.
The firm’s 50 day moving average is $76.20 and its 200-day moving average is $68.92. The stock has a market capitalization of $4.62 billion and a PE ratio of 10.97.
The company also recently declared a dividend, which was paid on Tuesday, August 16th. Investors of record on Tuesday, August 16th were given a dividend of $0.667 per share. The ex-dividend date of this dividend 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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