The bank will pay a 0.4504 dividend per share to shareholders who were registered on Thursday, 20th July. This dividend is payable on Tuesday, 25th July. This yield is 21.68%. This dividend was paid on Wednesday, July 19.
Banco Macro's dividend payout ratio is 2.2%, meaning that its earnings are sufficient to cover the dividend. The price of the stock fell $1.65 at midday on Friday to $24.93. The company's average trading volume is 377,593. The company's debt-to equity ratio is 0.15. Its current ratio is 0.72, and its quick ratio 0.72. The stock's simple 50-day moving average is $21.89, and its simple 200-day moving average is 20.18. Banco Macro's one-year low is $9.72, and its one-year high is $27.96.
The last time the company released its quarterly results was on May 17th. The bank's $1.04 per share earnings for the third quarter exceeded analysts' expectations of $0.78 cents by $0.26. The company reported revenue of $913.72 for the quarter. Banco Macro's return on equity was 8.14%, and its net margin was 5.15%. Analysts predict that Banco Macro's earnings per share will be 2.14 for the current fiscal year.
Banco Macro: Hedge Funds weigh in
Recently, hedge funds and institutional investors increased or decreased their stakes in BMA. BNP Paribas Arbitrage SA increased its holdings of Banco Macro shares by 15.7% in the first quarter. BNP Paribas Arbitrage SA owns 51 354 shares of Banco Macro's stock, worth $888,000. This is after purchasing 6,963 additional shares during the last quarter. Renaissance Technologies LLC increased its holdings of Banco Macro shares by 362.3% in the third quarter. Renaissance Technologies LLC owns 55472 of the bank stock, worth $792,000, after purchasing an additional 43472 in the previous quarter. Jane Street Group LLC purchased a new stake in Banco Macro shares during the fourth quarter, valued at $776,000. Cubist Systematic Strategies LLC purchased a new share of Banco Macro in the 2nd Quarter worth $382,000. Envestnet Asset Management Inc. also acquired a position in Banco Macro shares during the 2nd quarter, worth $382,000.
Analyst Upgrades and downgrades
In a report published on Thursday 18th May, Banco Macro was covered. The stock was given a "buy" rating.
Banco Macro Company profile
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Banco Macro SA offers a variety of banking services and products to both retail and corporate clients in Argentina. Banco Macro SA offers a variety of retail banking services and products, including savings and checking account, time deposits and credit cards, as well as consumer finance loans and mortgage loans. It also provides automobile loans and overdrafts.
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