SVB Financial Group (NASDAQ:SIVB) – FIG Partners lifted their FY2019 earnings per share estimates for shares of SVB Financial Group in a report issued on Friday, Zacks Investment Research reports. FIG Partners analyst T. Coffey now anticipates that the bank will post earnings per share of $15.65 for the year, up from their previous forecast of $14.96. FIG Partners has a “Market Perform” rating on the stock.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. The business had revenue of $545.97 million for the quarter, compared to analysts’ expectations of $523.45 million. During the same period last year, the business earned $1.89 earnings per share.
A number of other research analysts have also recently weighed in on SIVB. Maxim Group reissued a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of SVB Financial Group in a research note on Monday, October 30th. Barclays set a $217.00 target price on shares of SVB Financial Group and gave the stock a “hold” rating in a research note 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 for the company in a research note on Tuesday, October 31st. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $240.00 target price (up from $215.00) on shares of SVB Financial Group in a research note 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 research note on Friday, November 17th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $239.92.
SVB Financial Group (SIVB) opened at $239.45 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59. SVB Financial Group has a 12 month low of $159.44 and a 12 month high of $263.09. The firm has a market cap of $12,673.05, a P/E ratio of 26.00, a PEG ratio of 1.57 and a beta of 1.49.
Several large investors have recently bought and sold shares of the stock. Profund Advisors LLC lifted its holdings in shares of SVB Financial Group by 24.2% during the 4th quarter. Profund Advisors LLC now owns 8,152 shares of the bank’s stock valued at $1,906,000 after acquiring an additional 1,590 shares in the last quarter. MANA Advisors LLC acquired a new position in SVB Financial Group in the 4th quarter worth $215,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in SVB Financial Group by 82.4% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,100 shares of the bank’s stock worth $725,000 after buying an additional 1,400 shares in the last quarter. MML Investors Services LLC acquired a new position in SVB Financial Group in the 4th quarter worth $247,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in SVB Financial Group by 144.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 106,509 shares of the bank’s stock worth $24,898,000 after buying an additional 63,007 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.
In related news, Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction on Friday, December 1st. The shares were sold at an average price of $226.01, for a total transaction of $452,020.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Philip C. Cox sold 1,175 shares of SVB Financial Group stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $252.77, for a total transaction of $297,004.75. Following the transaction, the insider now owns 4,097 shares in the company, valued at approximately $1,035,598.69. The disclosure for this sale can be found here. Insiders have sold a total of 17,186 shares of company stock valued at $4,057,749 over the last three months. Corporate insiders own 0.73% 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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