Grupo Supervielle (NYSE:SUPV) Releases Earnings Results, Misses Estimates By $0.46 EPS

Grupo Supervielle (NYSE:SUPV) announced its quarterly earnings data on Tuesday. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.46), Zacks reports. Grupo Supervielle had a net margin of 4.08% and a return on equity of 6.82%.

Grupo Supervielle Trading Up 5.5%

Shares of NYSE:SUPV traded up $0.53 during midday trading on Tuesday, reaching $10.22. The company’s stock had a trading volume of 1,967,573 shares, compared to its average volume of 1,653,686. The firm has a market cap of $905.17 million, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 23.32 and a beta of 1.66. The business has a 50 day moving average price of $8.06 and a 200 day moving average price of $9.88. Grupo Supervielle has a 1 year low of $4.54 and a 1 year high of $19.75. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38.

Wall Street Analysts Forecast Growth

SUPV has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $5.00 to $12.00 in a research report on Tuesday, October 28th. Wall Street Zen raised shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “hold (c-)” rating on shares of Grupo Supervielle in a research report on Wednesday, November 19th. UBS Group initiated coverage on shares of Grupo Supervielle in a report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 target price for the company. Finally, Citigroup upgraded shares of Grupo Supervielle from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Grupo Supervielle has a consensus rating of “Hold” and a consensus target price of $14.67.

Institutional Trading of Grupo Supervielle

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Grupo Supervielle during the 3rd quarter worth about $91,000. Centiva Capital LP acquired a new position in Grupo Supervielle during the third quarter valued at approximately $101,000. Quantbot Technologies LP purchased a new stake in Grupo Supervielle during the third quarter worth approximately $164,000. Bank of America Corp DE increased its position in shares of Grupo Supervielle by 551.6% in the third quarter. Bank of America Corp DE now owns 44,965 shares of the company’s stock worth $223,000 after acquiring an additional 38,064 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of 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 acquiring an additional 6,000 shares during the period.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.