Banco Macro SA ADR (NYSE:BMA)’s share price fell 8.1% on Monday . The stock traded as low as $42.27 and last traded at $42.75. 812,994 shares traded hands during mid-day trading, an increase of 118% from the average session volume of 373,445 shares. The stock had previously closed at $46.52.

Several research firms have weighed in on BMA. ValuEngine lowered shares of Banco Macro from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Santander raised shares of Banco Macro from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Finally, Zacks Investment Research raised shares of Banco Macro from a “sell” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Banco Macro has an average rating of “Buy” and a consensus target price of $52.00.

The company has a market cap of $2.82 billion, a PE ratio of 5.68 and a beta of 0.66.

Banco Macro (NYSE:BMA) last released its quarterly earnings results on Friday, March 8th. The bank reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.32. The business had revenue of $430.53 million for the quarter. Banco Macro had a net margin of 21.82% and a return on equity of 31.08%. On average, research analysts expect that Banco Macro SA ADR will post 9.4 EPS for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Monday, May 13th will be paid a $2.249 dividend. This represents a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, May 10th. Banco Macro’s dividend payout ratio (DPR) is 57.03%.

Several institutional investors have recently added to or reduced their stakes in the company. Boston Partners raised its stake in shares of Banco Macro by 1.5% in the 1st quarter. Boston Partners now owns 47,871 shares of the bank’s stock valued at $2,191,000 after acquiring an additional 692 shares during the period. Icon Wealth Partners LLC purchased a new stake in shares of Banco Macro in the 1st quarter valued at approximately $41,000. Citigroup Inc. increased its stake in Banco Macro by 11.2% during the 1st quarter. Citigroup Inc. now owns 14,643 shares of the bank’s stock worth $670,000 after buying an additional 1,471 shares during the period. Avalon Advisors LLC increased its stake in Banco Macro by 6.5% during the 1st quarter. Avalon Advisors LLC now owns 27,080 shares of the bank’s stock worth $1,239,000 after buying an additional 1,642 shares during the period. Finally, FMR LLC increased its stake in Banco Macro by 5.1% during the 4th quarter. FMR LLC now owns 39,667 shares of the bank’s stock worth $1,754,000 after buying an additional 1,907 shares during the period. 21.48% of the stock is currently owned by institutional investors and hedge funds.

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Banco Macro Company Profile (NYSE:BMA)

Banco Macro SA provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers.

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