Banco Macro SA (NYSE:BMA)’s share price reached a new 52-week high on Wednesday . The company traded as high as $80.86 and last traded at $79.91, with a volume of 77,342 shares. The stock had previously closed at $78.14.

BMA has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Banco Macro SA from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Thursday, May 26th. Citigroup Inc. raised shares of Banco Macro SA from a “sell” rating to a “neutral” rating in a research report on Monday, May 23rd. Goldman Sachs Group Inc. initiated coverage on shares of Banco Macro SA in a research report on Wednesday, April 27th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. raised shares of Banco Macro SA from a “neutral” rating to an “overweight” rating in a research report on Friday, June 17th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $70.25.

The firm has a market capitalization of $4.67 billion and a P/E ratio of 10.95. The company’s 50-day moving average is $75.90 and its 200 day moving average is $68.73.

The business also recently disclosed a dividend, which was paid on Tuesday, August 16th. Shareholders 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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