Banco Macro SA (BMA) Reaches New 12-Month High at $83.18
Banco Macro SA (NYSE:BMA)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $83.18 and last traded at $77.89, with a volume of 76,938 shares. The stock had previously closed at $79.72.
BMA has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Banco Macro SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. JPMorgan Chase & Co. raised Banco Macro SA from a “neutral” rating to an “overweight” rating in a research report on Friday, June 17th. Finally, Citigroup Inc. raised Banco Macro SA from a “sell” rating to a “neutral” rating in a research report on Monday, May 23rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Banco Macro SA presently has a consensus rating of “Hold” and a consensus price target of $70.25.
The firm’s 50-day moving average price is $76.33 and its 200 day moving average price is $69.11. The stock has a market cap of $4.58 billion and a PE ratio of 10.87.
The company also recently announced a dividend, which was paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 16th were given a $0.667 dividend. 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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