Banco Macro SA (BMA) Shares Down 2.4%
Banco Macro SA (NYSE:BMA)’s share price fell 2.4% on Thursday . The company traded as low as $76.11 and last traded at $76.48, with a volume of 208,357 shares. The stock had previously closed at $78.34.
A number of research firms have recently weighed in 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. upgraded Banco Macro SA from a “sell” rating to a “neutral” rating in a report on Monday, May 23rd. Finally, JPMorgan Chase & Co. upgraded Banco Macro SA from a “neutral” rating to an “overweight” rating in a report on Friday, June 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Banco Macro SA currently has an average rating of “Hold” and a consensus target price of $75.50.
The stock has a market capitalization of $4.57 billion and a P/E ratio of 10.81. The company’s 50-day moving average price is $76.46 and its 200 day moving average price is $69.41.
The company also recently announced a dividend, which was paid on Tuesday, August 16th. Shareholders 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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