SVB Financial Group (NASDAQ:SIVB) – Stock analysts at SunTrust Banks boosted their Q1 2018 earnings per share (EPS) estimates for shares of SVB Financial Group in a note issued to investors on Thursday, Zacks Investment Research reports. SunTrust Banks analyst J. Demba now forecasts that the bank will earn $2.93 per share for the quarter, up from their previous forecast of $2.91. SunTrust Banks currently has a “Buy” rating and a $300.00 target price on the stock. SunTrust Banks also issued estimates for SVB Financial Group’s Q2 2018 earnings at $3.14 EPS, Q3 2018 earnings at $3.39 EPS, Q4 2018 earnings at $3.54 EPS, FY2018 earnings at $13.00 EPS and FY2019 earnings at $15.00 EPS.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. The firm had revenue of $545.97 million for the quarter, compared to analysts’ expectations of $523.45 million. During the same period last year, the firm posted $1.89 EPS.
Other equities research analysts also recently issued research reports about the company. Maxim Group reissued a “buy” rating and set a $300.00 price target (up previously from $250.00) on shares of SVB Financial Group in a research report on Wednesday, January 10th. Barclays restated a “hold” rating and set a $273.00 price objective on shares of SVB Financial Group in a research note on Sunday, January 28th. BidaskClub cut SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. Stephens restated a “buy” rating on shares of SVB Financial Group in a research note on Friday, January 26th. Finally, FIG Partners cut SVB Financial Group from an “outperform” rating to a “market perform” rating in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. SVB Financial Group presently has an average rating of “Buy” and an average price target of $239.92.
Shares of SVB Financial Group (NASDAQ:SIVB) opened at $239.86 on Monday. SVB Financial Group has a 1 year low of $159.44 and a 1 year high of $263.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $12,609.12, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.49.
In related news, insider Christopher Edmonds-Waters sold 3,630 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total value of $761,791.80. Following the transaction, the insider now owns 5,918 shares in the company, valued at $1,241,951.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gregory W. Becker sold 4,500 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $243.49, for a total value of $1,095,705.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,816 shares of company stock worth $4,819,541. Insiders own 0.73% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SIVB. Toronto Dominion Bank increased its holdings in SVB Financial Group by 525.6% in the second quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock valued at $137,000 after buying an additional 657 shares during the last quarter. Green Square Capital LLC bought a new stake in SVB Financial Group in the third quarter valued at about $206,000. Lourd Capital LLC bought a new stake in SVB Financial Group in the fourth quarter valued at about $207,000. IPG Investment Advisors LLC bought a new stake in SVB Financial Group in the fourth quarter valued at about $213,000. Finally, Pinnacle Financial Partners Inc. bought a new stake in SVB Financial Group in the fourth quarter valued at about $214,000. Institutional investors and hedge funds own 90.11% of the company’s stock.
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SVB Financial Group Company Profile
SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.
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