Grupo Supervielle (NYSE:SUPV) Issues Quarterly Earnings Results

Key Points

• Grupo Supervielle reported quarterly EPS of $0.29, exceeding the consensus estimate of $0.13 by $0.16, though it posted a negative net margin of 3.46% and return on equity of 4.40%.
• Shares fell $0.12 to $8.48 in Monday trading, below their 50-day and 200-day moving averages, with a market capitalization of approximately $742 million.
• Analysts maintain a consensus “Hold” rating and an average price target of $13.17; coverage includes two Buy ratings, four Holds and one Sell.

Grupo Supervielle (NYSE:SUPV - Get Free Report) released its earnings results on Monday. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate 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 Performance

NYSE SUPV traded down $0.12 during trading hours 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. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $9.82 and a 200 day simple moving average of $9.61. Grupo Supervielle has a 52 week low of $4.54 and a 52 week high of $13.55. The stock has a market cap of $742.42 million, a PE ratio of -14.37 and a beta of 1.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SUPV. Wells Fargo & Company MN bought a new stake in shares of Grupo Supervielle during the fourth quarter valued at approximately $55,000. Van ECK Associates Corp increased its holdings 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 valued at $110,000 after purchasing an additional 4,666 shares during the period. Banco BTG Pactual S.A. acquired a new stake in Grupo Supervielle in the fourth quarter worth about $211,000. Schonfeld Strategic Advisors LLC bought a new position in Grupo Supervielle in the 3rd quarter valued at about $91,000. Finally, Centiva Capital LP acquired a new position in Grupo Supervielle during the 3rd quarter valued at about $101,000.

Wall Street Analyst Weigh In

SUPV has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on Grupo Supervielle from $11.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, June 25th. Zacks Research upgraded 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 report on Saturday, May 2nd. Finally, UBS Group dropped their price target on Grupo Supervielle from $13.00 to $11.50 and set a "neutral" rating on the stock in a research report on Friday, July 10th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $13.17.

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.

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