Banco Macro SA (NYSE:BMA) fell 2.4% during mid-day trading on Thursday . The stock traded as low as $76.11 and last traded at $76.48, with a volume of 208,357 shares traded. The stock had previously closed at $78.34.

Several brokerages have recently issued reports on BMA. Zacks Investment Research cut Banco Macro SA from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Citigroup Inc. raised Banco Macro SA from a “sell” rating to a “neutral” rating in a research note on Monday, May 23rd. Finally, JPMorgan Chase & Co. raised Banco Macro SA from a “neutral” rating to an “overweight” rating in a research note on Friday, June 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Banco Macro SA has an average rating of “Hold” and a consensus price target of $75.50.

The stock’s 50-day moving average is $76.46 and its 200 day moving average is $69.28. The firm has a market capitalization of $4.59 billion and a price-to-earnings ratio of 10.90.

The company also recently announced a dividend, which was paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 16th were paid a dividend of $0.667 per share. 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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