SVB Financial Group (NASDAQ:SIVB) – Investment analysts at Wedbush issued their Q3 2019 earnings per share (EPS) estimates for SVB Financial Group in a note issued to investors on Friday, according to Zacks Investment Research. Wedbush analyst D. Chiaverini expects that the bank will post earnings per share of $3.76 for the quarter. Wedbush also issued estimates for SVB Financial Group’s Q4 2019 earnings at $3.94 EPS.
Several other equities research analysts have also issued reports on SIVB. Maxim Group reissued a “buy” rating and issued a $250.00 price target (up previously from $220.00) on shares of SVB Financial Group in a report on Monday, October 30th. Barclays set a $217.00 price target on shares of SVB Financial Group and gave the company a “hold” rating in a report on Monday, October 30th. Zacks Investment Research raised shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $247.00 target price on the stock in a report on Tuesday, October 31st. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $240.00 target price (up previously from $215.00) on shares of SVB Financial Group in a report on Thursday, November 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $245.00 target price on shares of SVB Financial Group in a report on Friday, November 17th. 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 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. The stock has a market cap of $12,609.12, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. SVB Financial Group has a fifty-two week low of $159.44 and a fifty-two week high of $263.09.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.60 by ($0.41). The business had revenue of $545.97 million during the quarter, compared to the consensus estimate of $523.45 million. SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. During the same period last year, the firm earned $1.89 EPS.
In other SVB Financial Group news, insider Gregory W. Becker sold 4,500 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $243.49, for a total transaction of $1,095,705.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Philip C. Cox sold 1,175 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $252.77, for a total transaction of $297,004.75. Following the sale, the insider now directly owns 4,097 shares in the company, valued at approximately $1,035,598.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,816 shares of company stock worth $4,819,541. 0.73% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of SIVB. Harding Loevner LP grew its holdings in SVB Financial Group by 209.0% during the 3rd quarter. Harding Loevner LP now owns 4,817,712 shares of the bank’s stock worth $284,617,000 after acquiring an additional 3,258,700 shares during the last quarter. Janus Henderson Group PLC acquired a new position in SVB Financial Group during the 2nd quarter valued at about $173,726,000. CI Investments Inc. acquired a new position in SVB Financial Group during the 3rd quarter valued at about $95,902,000. Bank of New York Mellon Corp lifted its position in SVB Financial Group by 29.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,618,179 shares of the bank’s stock valued at $302,746,000 after purchasing an additional 364,303 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in SVB Financial Group by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,489,781 shares of the bank’s stock valued at $464,570,000 after purchasing an additional 354,948 shares during the period. 90.11% of the stock is currently owned by hedge funds and other institutional investors.
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About SVB Financial Group
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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