Grupo Supervielle (NYSE:SUPV) Hits New 12-Month High – Still a Buy?

Grupo Supervielle S.A. (NYSE:SUPV) reached a new 52-week high during trading on Wednesday . The stock traded as high as $10.05 and last traded at $9.98, with a volume of 58574 shares traded. The stock had previously closed at $9.90.

Analyst Ratings Changes

Separately, Bank of America raised shares of Grupo Supervielle from an “underperform” rating to a “neutral” rating and set a $7.00 target price for the company in a report on Thursday, August 8th.

Grupo Supervielle Stock Performance

The stock’s 50 day moving average is $8.20 and its 200-day moving average is $7.23.

Grupo Supervielle (NYSE:SUPV) last announced its earnings results on Wednesday, August 14th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. Grupo Supervielle had a net margin of 5.56% and a return on equity of 19.09%. The firm had revenue of $276.87 million for the quarter. As a group, equities analysts forecast that Grupo Supervielle S.A. will post 1.22 EPS for the current year.

Institutional Investors Weigh In On Grupo Supervielle

Several hedge funds and other institutional investors have recently modified their holdings of SUPV. BNP Paribas Financial Markets lifted its position in shares of Grupo Supervielle by 1,262.1% during the first quarter. BNP Paribas Financial Markets now owns 17,735 shares of the company’s stock worth $101,000 after purchasing an additional 16,433 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Grupo Supervielle during the 3rd quarter valued at about $145,000. Quantbot Technologies LP boosted its position in Grupo Supervielle by 212.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock valued at $205,000 after buying an additional 19,602 shares during the period. Acadian Asset Management LLC bought a new position in Grupo Supervielle in the 1st quarter worth about $173,000. Finally, Precision Wealth Strategies LLC bought a new position in Grupo Supervielle in the 3rd quarter worth about $317,000.

About Grupo Supervielle

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.