Macro Bank Inc. (NYSE:BMA) Declares $0.40 -- Dividend

Macro Bank Inc. (NYSE:BMA - Get Free Report) announced a -- dividend on Thursday, July 10th, Wall Street Journal reports. Stockholders of record on Friday, July 18th will be paid a dividend of 0.3985 per share by the bank on Friday, July 25th. This represents a dividend yield of 9.2%. The ex-dividend date is Friday, July 18th.

Macro Bank Trading Down 3.3%

Shares of Macro Bank stock traded down $2.23 during midday trading on Friday, reaching $65.84. The company had a trading volume of 467,148 shares, compared to its average volume of 319,937. The stock has a fifty day moving average price of $79.93 and a 200 day moving average price of $87.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $4.21 billion, a PE ratio of 5.77, a P/E/G ratio of 0.26 and a beta of 1.60. Macro Bank has a fifty-two week low of $42.23 and a fifty-two week high of $118.42.

Macro Bank (NYSE:BMA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The bank reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $1.76 by ($1.11). The company had revenue of $759.36 million during the quarter, compared to analyst estimates of $837.49 billion. Macro Bank had a return on equity of 1.50% and a net margin of 1.12%. On average, equities analysts anticipate that Macro Bank will post 7.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BMA shares. Itau BBA Securities started coverage on Macro Bank in a research note on Tuesday, May 20th. They issued a "market perform" rating and a $85.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Macro Bank from $78.00 to $89.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Macro Bank currently has an average rating of "Hold" and a consensus price target of $62.13.

Hedge Funds Weigh In On Macro Bank

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of Macro Bank by 106.5% during the first quarter. Jane Street Group LLC now owns 13,705 shares of the bank's stock valued at $1,035,000 after acquiring an additional 7,067 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Macro Bank by 47.8% during the first quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank's stock valued at $5,045,000 after acquiring an additional 21,613 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Macro Bank by 271,350.0% during the first quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank's stock valued at $410,000 after acquiring an additional 5,427 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of Macro Bank during the first quarter valued at approximately $704,000.

Macro Bank Company Profile

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking 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, and money transfers.