Grupo Supervielle (NYSE:SUPV) Shares Down 7.7% Following Weak Earnings

Grupo Supervielle S.A. (NYSE:SUPV)’s share price fell 7.7% during trading on Monday following a dissappointing earnings announcement. The stock traded as low as $8.66 and last traded at $8.64. 1,227,219 shares were traded during trading, an increase of 14% from the average session volume of 1,075,504 shares. The stock had previously closed at $9.36.

The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). 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.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SUPV shares. Itau BBA Securities started coverage on shares of Grupo Supervielle in a report on Wednesday, December 10th. They set an “outperform” rating and a $15.00 target price for the company. Weiss Ratings cut shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, January 20th. UBS Group assumed coverage on shares of Grupo Supervielle in a research note on Wednesday, November 19th. They set a “neutral” rating and a $13.00 price objective for the company. Zacks Research cut shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. decreased their target price on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Supervielle presently has an average rating of “Hold” and a consensus target price of $13.00.

Institutional Investors Weigh In On Grupo Supervielle

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN bought a new position in shares of Grupo Supervielle during the fourth quarter valued at $55,000. LJI Wealth Management LLC acquired a new stake in Grupo Supervielle in the third quarter valued at $57,000. Schonfeld Strategic Advisors LLC bought a new position in Grupo Supervielle during the 3rd quarter worth $91,000. Centiva Capital LP bought a new stake in shares of Grupo Supervielle in the 3rd quarter valued at about $101,000. Finally, Van ECK Associates Corp increased its stake in shares of Grupo Supervielle by 101.5% in the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock valued at $110,000 after buying an additional 4,666 shares during the period.

Grupo Supervielle Stock Up 3.3%

The stock has a 50-day moving average price of $11.17 and a 200-day moving average price of $9.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $773.07 million, a P/E ratio of -24.53, a P/E/G ratio of 12.73 and a beta of 1.76.

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.