Grupo Supervielle (NYSE:SUPV) Trading Up 7.1% – Should You Buy?

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price was up 7.1% during mid-day trading on Thursday . The stock traded as high as $10.98 and last traded at $10.9290. Approximately 456,366 shares were traded during trading, a decline of 58% from the average daily volume of 1,094,150 shares. The stock had previously closed at $10.20.

Analyst Ratings Changes

A number of research firms recently commented on SUPV. Citigroup raised Grupo Supervielle from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Bank of America reissued a “neutral” rating on shares of Grupo Supervielle in a research note on Wednesday, November 26th. Weiss Ratings cut Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, January 20th. Itau BBA Securities began coverage on Grupo Supervielle in a research note on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price target on the stock. Finally, Zacks Research raised shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.00.

Grupo Supervielle Stock Performance

The firm has a 50-day simple moving average of $11.45 and a two-hundred day simple moving average of $9.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $952.11 million, a price-to-earnings ratio of 90.69, a price-to-earnings-growth ratio of 11.66 and a beta of 1.71.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.46). The firm had revenue of $178.38 million for the quarter, compared to analyst estimates of $252.85 billion. Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. As a group, sell-side analysts forecast that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sparta 24 Ltd. bought a new stake in shares of Grupo Supervielle in the 2nd quarter worth approximately $27,000. Titan Global Capital Management USA LLC boosted its holdings in shares of Grupo Supervielle by 5.3% in the 2nd quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company’s stock worth $572,000 after acquiring an additional 2,711 shares in the last quarter. Wells Fargo & Company MN acquired a new position in Grupo Supervielle in the fourth quarter worth $55,000. Van ECK Associates Corp grew 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 worth $110,000 after purchasing an additional 4,666 shares during the last quarter. Finally, Insigneo Advisory Services LLC increased its stake in shares of Grupo Supervielle by 5.6% in the third quarter. Insigneo Advisory Services LLC now owns 101,363 shares of the company’s stock valued at $502,000 after buying an additional 5,361 shares in the last quarter.

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.