Grupo Supervielle (NYSE:SUPV) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Grupo Supervielle (NYSE:SUPV) released its quarterly earnings data on Monday. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05), Zacks reports. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.88%. The company had revenue of $213.90 million during the quarter, compared to the consensus estimate of $197.66 million.

Grupo Supervielle Stock Up 2.5%

Shares of Grupo Supervielle stock traded up $0.21 during trading hours on Wednesday, reaching $8.76. 362,265 shares of the company’s stock were exchanged, compared to its average volume of 1,087,375. The stock has a market cap of $766.94 million, a P/E ratio of -24.33, a P/E/G ratio of 12.73 and a beta of 1.76. The company has a 50 day moving average of $11.17 and a two-hundred day moving average of $9.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. Grupo Supervielle has a fifty-two week low of $4.54 and a fifty-two week high of $17.02.

Analyst Ratings Changes

Several equities research analysts have issued reports on SUPV shares. Zacks Research downgraded Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. decreased their price objective on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Bank of America restated a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. Itau BBA Securities assumed coverage on shares of Grupo Supervielle in a report on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price target for the company. Finally, Wall Street Zen lowered shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.00.

Institutional Trading of Grupo Supervielle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new position in shares of Grupo Supervielle in the 4th quarter valued at about $55,000. Van ECK Associates Corp boosted its holdings in shares of Grupo Supervielle by 101.5% during the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after buying an additional 4,666 shares during the period. Cetera Investment Advisers grew its stake in Grupo Supervielle by 29.3% in the 2nd quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock valued at $281,000 after buying an additional 6,000 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in Grupo Supervielle in the 4th quarter valued at about $211,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Grupo Supervielle in the 3rd quarter valued at about $91,000.

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.