Macro Bank Inc. (NYSE:BMA) Updates On Dividend Release Date


On 2016-08-18, Macro Bank Inc. (NYSE:BMA) confirmed the dividend disbursement of $0.749 a share to shareholders as on record 2016-08-16. The firm will release dividend on 2016-08-24 while ex-dividend date is reported to be 2016-08-12.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Macro Bank Inc. (NYSE:BMA) paid a total of $0.749 per share in dividends. This figure stood at $0.749 a share in the same period a year ago indicating a deviation of -100%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $83.666 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $92 and $77, respectively.

Taking the mathematical rating formula, the price for Macro Bank Inc. (NYSE:BMA) stands at 2. Earnings Review Macro Bank Inc. (NYSE:BMA) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-08. For the period ending on 2016-09-30, experts are expecting EPS of $1.61.

Coming to the quarter ending on 2015-12-31, Macro Bank Inc. (NYSE:BMA) recorded EPS of $2.17. The reported numbers came lower than the analysts’ estimates of $1.77, demonstrating a miss of $0.4 as against reported figures.

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