The bank will pay a 0.4504 dividend per share to stockholders who held shares on the Tuesday, July 18, 2018. This dividend is payable on Monday, 24th July. This is a $5.41 dividend with a yield of 21.68 percent. This dividend was ex-dividend on Monday, July 17th.
Banco Macro's dividend payout ratio is 2.2%, which indicates that the company's earnings are sufficient to cover its dividend. The stock opened Friday at $24.93. The company's debt-to equity ratio is 0.15. Its quick ratio is 0.72, and its current ratio 0.72. Banco Macro's one-year low is $9.72, and its one-year high is $27.96. The company's fifty-day moving price is $21.89, and its 200-day moving price is $20.18.
The last time the company reported its quarterly results was on May 17th. The bank posted $1.04 per share for the quarter. This was $0.78 higher than the consensus estimate. The firm reported revenue of $913.72 millions during the quarter. Banco Macro's return on equity was 8.14%, and its net margin was 5.15%. Analysts expect Banco Macro to post 2.14 earnings for the current fiscal period.
Wall Street analysts weigh in
In a research report published on Thursday 18th May, Banco Macro was first covered. They gave the company a rating of 'buy'.
Inflows of Institutional Capital and Outflows
Recently, hedge funds bought and sold the shares of a company. UBS Group AG increased its Banco Macro holdings by 980.3% during the third quarter. UBS Group AG owns now 3,889 shares worth $56,000 of the bank’s stock after purchasing an additional 3,529 during the period. JPMorgan Chase & Co. increased its holdings of Banco Macro in the first quarter by 456,9%. JPMorgan Chase & Co. owns 6,298 of the bank’s stock, worth $109,000. This is after purchasing an additional 5,167 during the period. Renaissance Technologies LLC purchased a new Banco Macro position worth $134,000 in the second quarter. Engineers Gate Manager LP purchased a new Banco Macro position worth $253,000 in the first quarter. Trium Capital LLP increased its Banco Macro holdings by 70.4% during the first quarter. Trium Capital LLP owns 17,623 of the bank’s shares worth $314,000, after purchasing an additional 7,279 during the period.
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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