Grupo Supervielle (NYSE:SUPV) Trading 4.3% Higher – Should You Buy?

Grupo Supervielle S.A. (NYSE:SUPV) shares rose 4.3% on Monday . The company traded as high as $8.70 and last traded at $8.6650. Approximately 306,130 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 821,544 shares. The stock had previously closed at $8.31.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SUPV. UBS Group decreased their price target on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Zacks Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Grupo Supervielle in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised their target price on Grupo Supervielle from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.17.

Grupo Supervielle Stock Performance

The firm has a market capitalization of $764.31 million, a PE ratio of -13.86 and a beta of 1.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. The company’s fifty day simple moving average is $9.18 and its 200 day simple moving average is $9.26.

Grupo Supervielle (NYSE:SUPV) last issued its earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $233.55 million during the quarter. Grupo Supervielle had a negative net margin of 3.60% and a negative return on equity of 2.67%. As a group, equities research analysts expect that Grupo Supervielle S.A. will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SUPV. Wells Fargo & Company MN purchased a new position in Grupo Supervielle in the 4th quarter valued at approximately $55,000. Van ECK Associates Corp lifted its position 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 acquiring an additional 4,666 shares in the last quarter. Banco BTG Pactual S.A. bought a new position in shares of Grupo Supervielle in the fourth quarter worth $211,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Grupo Supervielle in the third quarter worth $91,000. Finally, Bank of America Corp DE grew its position in shares of Grupo Supervielle by 285.5% in the first quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock valued at $183,000 after purchasing an additional 14,365 shares in the last quarter.

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.