Banco Macro (NYSE:BMA) Stock Price Passes Above 200-Day Moving Average of $21.39

Banco Macro S.A. (NYSE:BMA)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.39 and traded as high as $27.08. Banco Macro shares last traded at $26.06, with a volume of 199,348 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Banco Macro in a research report on Thursday, August 17th. They issued a “buy” rating for the company.

Banco Macro Trading Down 2.2 %

The firm has a 50 day simple moving average of $25.19 and a 200 day simple moving average of $21.39. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.67 billion, a PE ratio of 4.24 and a beta of 1.41.

Banco Macro Cuts Dividend

The company also recently declared a — dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 18th were paid a $0.4504 dividend. The ex-dividend date of this dividend was Thursday, August 17th. Banco Macro’s dividend payout ratio (DPR) is currently 87.95%.

Hedge Funds Weigh In On Banco Macro

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new position in Banco Macro during the second quarter valued at $42,000. Barclays PLC purchased a new position in Banco Macro during the second quarter valued at $53,000. UBS Group AG lifted its position in Banco Macro by 980.3% during the third quarter. UBS Group AG now owns 3,889 shares of the bank’s stock valued at $56,000 after purchasing an additional 3,529 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in Banco Macro during the first quarter valued at $79,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in Banco Macro during the first quarter valued at about $112,000.

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.