Grupo Supervielle (NYSE:SUPV) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Grupo Supervielle (NYSE:SUPV) issued its quarterly earnings results on Monday. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.16, Zacks reports. Grupo Supervielle had a negative net margin of 3.46% and a negative return on equity of 4.40%.

Grupo Supervielle Stock Down 1.4%

Grupo Supervielle stock traded down $0.12 during midday trading on Monday, reaching $8.48. The company’s stock had a trading volume of 1,034,552 shares, compared to its average volume of 834,151. Grupo Supervielle has a fifty-two week low of $4.54 and a fifty-two week high of $13.55. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The company has a market cap of $742.42 million, a P/E ratio of -14.37 and a beta of 1.60. The business has a 50-day simple moving average of $9.82 and a 200-day simple moving average of $9.61.

Institutional Investors Weigh In On Grupo Supervielle

Several institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN purchased a new position in Grupo Supervielle in the fourth quarter valued at approximately $55,000. Van ECK Associates Corp increased its position in shares of Grupo Supervielle by 101.5% during the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after purchasing an additional 4,666 shares in the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of Grupo Supervielle in the 4th quarter valued at about $211,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Grupo Supervielle in the 3rd quarter valued at about $91,000. Finally, Centiva Capital LP purchased a new position in Grupo Supervielle during the 3rd quarter worth approximately $101,000.

Analyst Ratings Changes

SUPV has been the topic of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a report on Wednesday, July 15th. Zacks Research raised shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. raised their target price on Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, UBS Group dropped their price target on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.17.

Grupo Supervielle Company Profile

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.