Banco Macro S.A. (NYSE:BMA) to Issue $0.45 Monthly Dividend

The bank will pay a 0.4504 dividend per share to investors who were registered on the 18th of July. This will take place on the 24th of July. Annualized, this is a $5.41 yield and represents a dividend of $5.41. This dividend will be ex-dividend on Monday, July 17.

Banco Macro's payout ratio is 2.2%, which indicates that the company's dividend is adequately covered by earnings. During Friday's trading hours, the stock fell $1.65 to $24.93. Stock of the company traded at 430,048 compared to an average of 377.593 shares. Banco Macro's 52-week low is $9.72, and its 52-week high is $27.96. The 50-day average for the business is $21.89, and its 200 day average is $20.18. The company's current ratio is 0.72, its quick ratio is 0.72, and it has a debt to equity ratio of 0.15%.

The last time the company released quarterly earnings was on May 17th. The bank's $1.04 per share earnings for the first quarter beat analysts' expectations of $0.78 cents by $0.26. Banco Macro's return on equity was 8.14%, and its net margin was 5.15%. The company had a revenue of $913.72 millions for the quarter. Research analysts expect Banco Macro to post an average of 2.14 earnings per share in the current fiscal year.

Wall Street analysts weigh in

In a report published on Thursday 18th May, Banco Macro was covered. They gave the stock a rating of 'buy'.

Banco Macro Institutional Trading

Recent changes in institutional investors' and hedge fund's stakes have seen a recent increase or decrease. UBS Group AG increased its stake in Banco Macro from 980.3% to $56,000 in the third quarter. UBS Group AG owns now 3,889 shares worth $56,000 of the bank stock after buying an additional 3,529 during the period. JPMorgan Chase & Co. grew its holdings in Banco Macro shares by 456,9% during the first three months. JPMorgan Chase & Co. owns 6,298 of the bank stock, worth $109,000. This is after acquiring 5,167 additional shares. Renaissance Technologies LLC acquired a new share of Banco Macro in the second quarter valued at $134,000. Engineers Gate Manager LP bought a new stake of Banco Macro shares during the first three months worth $253,000. Trium Capital LLP also increased its holdings in Banco Macro shares by 70.4% over the first quarter. Trium Capital LLP owns 17,623 of the bank’s shares worth $314,000, after acquiring 7,279 additional shares.

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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