Banco Macro (NYSE:BMA – Get Free Report) released its earnings results on Thursday. The bank reported ($4.01) earnings per share 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 firm had revenue of $1.03 billion for the quarter. During the same period last year, the company posted $2.69 earnings per share.
Banco Macro Stock Performance
NYSE:BMA opened at $53.55 on Friday. The firm’s 50-day moving average is $54.67 and its 200-day moving average is $51.57. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 3.16 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.05 and a current ratio of 0.77. Banco Macro has a 52-week low of $17.30 and a 52-week high of $68.24.
Banco Macro Increases Dividend
The business also recently declared a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were issued a $1.798 dividend. The ex-dividend date was Friday, August 16th. This is an increase from Banco Macro’s previous monthly dividend of $1.74. This represents a $21.58 dividend on an annualized basis and a yield of 40.29%. Banco Macro’s dividend payout ratio is 127.41%.
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About Banco Macro
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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