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Latest Stock Research: Grupo Supervielle S.A. (NYSE:SUPV)

Grupo Supervielle S.A. (NYSE:SUPV), completed the trade at a price of $2.16 after seeing a change of 6.93% that brought its market cap to $313.37 million. The company closed the session with a trading volume of 490.48 thousand shares, below from its average daily trading volume of 701.58 thousand. It has been generating revenue of $543.5 million while net income posted by the company in last 12 months was $63million.

Grupo Supervielle S.A. (NYSE: SUPV) announced on May 15, 2020 that in accordance with the resolution of the Annual Ordinary and Extraordinary Shareholders Meeting held on April 28, 2020, taking into consideration that the Company has not received the response from the Central Bank of Argentina to the request to access the foreign exchange currency market for the payment of dividends in US Dollars within the period stipulated by such Shareholders Meeting and the release of the voluntary reserve established for the future distribution of dividends approved by the Board of Directors on May 14, 2020, cash dividends of P$. 426,000,00 will be distributed and paid starting on May 29, 2020, to existing Shareholders as of the record date set on May 28, 2020 (the ¨Record Date¨). The amount to be distributed is equivalent to 93.273304036% of the outstanding capital and the nominal value of its representative shares or P$0.93273304036 per outstanding share or P$4.663665202 per ADS. The total amount of dividends to be distributed corresponds to earnings for the year ended on December 31, 2019.

The rule of receiving payment of the dividend in pesos in an account in Argentina will be applied in general on shareholders. However, shareholders may choose to receive the dividend in US dollars either in a local or a foreign account (“US Dollar Payment Option”) according to the conditions established below. Consequently, shareholders that do not exercise the US Dollar Payment Option will receive the dividend payment in Pesos. Payment will be made available through Caja de Valores S.A. (25 de Mayo 362, City of Buenos Aires, Republic of Argentina) starting on May 29, 2020, on business days from 10:00 AM to 3:00 PM Buenos Aires time, subject to compliance with all required procedures. The payment process will be carried out in accordance with the regulatory deadlines. Shareholders who wish to exercise the US Dollar Payment Option shall send a notice to Caja de Valores S.A. (at 25 de Mayo 362, Autonomous City of Buenos Aires) during the exercise period which will begin on May 18, 2020 and will end on May 22, 2020 (the “Exercise Period”). ADS Holders will receive their payment through the Depositary Bank, The Bank of New York Mellon as from the date set forth by the respective rules that apply in the jurisdiction where the Company’s ADSs are listed.

When looking at performance, we see the stock demonstrating a weekly performance of 11.92% while keeping a monthly performance of 29.34%. Quarterly performance saw a drop of -29.87% and continued the negative trend with a yearly performance of -64.59% while showing YTD performance of -41.3% which was -13.25% for last six months.

The 52-week range for the stock was 1.28 – 9.03 that put its current price at a premium of 68.75% to the 52-week low price whereas it is trading at a discount of -76.08% to the 52-week high price. The Banks – Regional company is currently upholding a net profit margin of 11.6%. Operating margin for the last 12 months remained 5.6%. The company’s EPS for trailing 12 months is $0.69 and its annual dividend yield is 3.24%. It is estimated to be posting an EPS of $0.24 for the current quarter. The Beta number showed the stock is subject to risk 18% more than the market as a whole.

In the trailing twelve months, its return on assets (ROA) is 2.7% while ROE for the same period is 21.6% and have seen an average of 9.4% return on investment (ROI). The outstanding share count is 91.34 million shares but the size of available float is 65.64 million shares. The stock’s current price is lagging SMA-200 by -23.12% which is also 27.47% up from SMA-50. Reducing that period to a shorter term, we see the price is trailing 22.43% to the SMA-20. Volatility for the week was 8.98%, which was 2.51% in the previous month.