Banco Macro (NYSE:BMA – Get Free Report) posted its quarterly earnings results on Thursday. The bank reported ($4.01) EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($5.50), Zacks reports. Banco Macro had a return on equity of 37.91% and a net margin of 16.33%. The company had revenue of $1.03 billion during the quarter. During the same period last year, the firm earned $2.69 EPS.
Banco Macro Price Performance
Shares of NYSE BMA opened at $53.55 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.05 and a current ratio of 0.77. The firm’s 50-day simple moving average is $54.67 and its 200 day simple moving average is $51.57. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 3.16 and a beta of 1.91. Banco Macro has a fifty-two week low of $17.30 and a fifty-two week high of $68.24.
Banco Macro Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were paid a $1.798 dividend. This represents a $21.58 dividend on an annualized basis and a dividend yield of 40.29%. This is a positive change from Banco Macro’s previous monthly dividend of $1.74. The ex-dividend date of this dividend was Friday, August 16th. Banco Macro’s dividend payout ratio (DPR) is 127.41%.
Wall Street Analyst Weigh In
Read Our Latest Research Report on Banco Macro
Banco Macro 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 (ATMs), and money transfers.
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