Banco Macro SA (NYSE:BMA)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $76.66, but opened at $76.88. Banco Macro SA shares last traded at $78.25, with a volume of 39,013 shares.

A number of equities analysts have commented on BMA shares. Citigroup Inc. raised shares of Banco Macro SA from a “sell” rating to a “neutral” rating in a research note on Monday, May 23rd. JPMorgan Chase & Co. raised shares of Banco Macro SA from a “neutral” rating to an “overweight” rating in a research note on Friday, June 17th. Goldman Sachs Group Inc. started coverage on shares of Banco Macro SA in a research note on Wednesday, April 27th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research cut shares of Banco Macro SA from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Banco Macro SA presently has an average rating of “Hold” and a consensus target price of $70.25.

The stock has a market capitalization of $4.72 billion and a P/E ratio of 11.21. The company’s 50 day moving average price is $75.90 and its 200-day moving average price is $68.73.

The company also recently announced 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 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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