Macro Bank (BMA, Financial) recently experienced a significant stock movement with shares tumbling 5%, closing at $77.60 per share. The trading volume was reported at 194,752 shares, with a turnover rate of 0.31% and a price fluctuation of 6.53%.
In the latest earnings report, Macro Bank posted revenue of $974 million and a net loss of $264 million, translating to an earnings per share of -$4.13. The company currently has a price-to-earnings (P/E) ratio of 9.60. Among six institutional ratings, 33% recommend buying, 50% suggest holding, and 17% advise selling.
The broader banking sector saw a slight decline of 0.05%. In related stocks, notable gainers included Home Federal Bancorp, Inc. Of Louisiana and Patriot National Bancorp, while active stocks such as Silicon Valley Bancorp and Fifth District Bancorp had turnover rates of 5.94%, 2.72%, and 1.85%, respectively. Stocks with significant price fluctuations included Finwise Bancorp and Baycom Corp, with swings of 20.83% and 10.95% respectively.
Macro Bank, headquartered in Argentina, caters to retail and corporate clients with a variety of banking products and services. It also serves four provincial governments, with most revenue generated domestically.
