Analysts expect SVB Financial Group (NASDAQ:SIVB) to announce earnings per share (EPS) of $5.03 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for SVB Financial Group’s earnings, with estimates ranging from $4.71 to $5.56. SVB Financial Group posted earnings per share of $5.10 during the same quarter last year, which would indicate a negative year over year growth rate of 1.4%. The firm is expected to report its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that SVB Financial Group will report full year earnings of $21.26 per share for the current fiscal year, with EPS estimates ranging from $20.65 to $21.99. For the next fiscal year, analysts forecast that the firm will report earnings of $20.19 per share, with EPS estimates ranging from $19.15 to $22.38. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover SVB Financial Group.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $6.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.98 by $1.10. SVB Financial Group had a return on equity of 21.44% and a net margin of 35.83%. The firm had revenue of $863.15 million during the quarter, compared to analysts’ expectations of $787.38 million. During the same quarter in the previous year, the business earned $4.42 earnings per share.
Several equities research analysts recently issued reports on the stock. Wedbush lifted their price target on shares of SVB Financial Group from $225.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Morgan Stanley lowered their target price on SVB Financial Group from $310.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, July 1st. FIG Partners lowered SVB Financial Group from an “outperform” rating to a “market perform” rating in a research report on Friday, April 26th. JMP Securities lowered their target price on SVB Financial Group to $275.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Finally, BidaskClub lowered SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $273.56.
In other news, COO Philip C. Cox sold 350 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $230.80, for a total transaction of $80,780.00. Following the sale, the chief operating officer now owns 7,909 shares of the company’s stock, valued at $1,825,397.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John S. Clendening acquired 900 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were bought at an average cost of $221.12 per share, for a total transaction of $199,008.00. Following the transaction, the director now directly owns 1,729 shares of the company’s stock, valued at approximately $382,316.48. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 5,547 shares of company stock valued at $1,189,038. 0.73% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of SIVB. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of SVB Financial Group by 3,733.3% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 115 shares of the bank’s stock worth $25,000 after acquiring an additional 112 shares during the period. Pearl River Capital LLC purchased a new position in shares of SVB Financial Group during the second quarter valued at approximately $30,000. NEXT Financial Group Inc purchased a new position in shares of SVB Financial Group during the second quarter valued at approximately $33,000. Parallel Advisors LLC increased its stake in shares of SVB Financial Group by 27.3% during the first quarter. Parallel Advisors LLC now owns 312 shares of the bank’s stock valued at $69,000 after buying an additional 67 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in shares of SVB Financial Group during the second quarter valued at approximately $70,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of SIVB traded up $5.90 during mid-day trading on Tuesday, reaching $200.71. 15,326 shares of the company’s stock were exchanged, compared to its average volume of 587,416. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.70 and a current ratio of 0.71. The stock’s 50-day simple moving average is $217.85. SVB Financial Group has a 52-week low of $177.70 and a 52-week high of $332.90. The company has a market cap of $10.49 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.25 and a beta of 2.07.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.
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