Grupo Supervielle (NYSE:SUPV) Trading Down 7.7% on Disappointing Earnings

Grupo Supervielle S.A. (NYSE:SUPV) shares fell 7.7% during trading on Monday following a weaker than expected earnings announcement. The company traded as low as $8.66 and last traded at $8.64. 1,227,219 shares were traded during trading, an increase of 14% from the average session volume of 1,075,504 shares. The stock had previously closed at $9.36.

The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $213.90 million for the quarter, compared to the consensus estimate of $197.66 million. Grupo Supervielle had a negative return on equity of 3.88% and a negative net margin of 2.18%.

Analyst Ratings Changes

SUPV has been the topic of several analyst reports. Wall Street Zen lowered Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Zacks Research cut shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Itau BBA Securities started coverage on shares of Grupo Supervielle in a research note on Wednesday, December 10th. They set an “outperform” rating and a $15.00 price objective on the stock. UBS Group initiated coverage on shares of Grupo Supervielle in a research report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN acquired a new stake in shares of Grupo Supervielle in the 4th quarter valued at approximately $55,000. Van ECK Associates Corp lifted its stake in Grupo Supervielle by 101.5% in the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock valued at $110,000 after purchasing an additional 4,666 shares during the last quarter. LJI Wealth Management LLC acquired a new stake in Grupo Supervielle in the third quarter valued at approximately $57,000. Banco BTG Pactual S.A. acquired a new stake in Grupo Supervielle in the fourth quarter valued at approximately $211,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Grupo Supervielle during the third quarter worth $91,000.

Grupo Supervielle Stock Up 3.3%

The firm’s fifty day moving average price is $11.17 and its 200-day moving average price is $9.56. The company has a market capitalization of $773.07 million, a price-to-earnings ratio of -24.53, a P/E/G ratio of 12.73 and a beta of 1.76. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96.

About Grupo Supervielle

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.