SVB Financial Group (NASDAQ:SIVB) – Research analysts at Wedbush issued their Q1 2019 earnings per share estimates for shares of SVB Financial Group in a research report issued on Thursday, April 5th. Wedbush analyst D. Chiaverini anticipates that the bank will post earnings per share of $3.43 for the quarter. Wedbush also issued estimates for SVB Financial Group’s Q2 2019 earnings at $3.75 EPS, Q3 2019 earnings at $3.99 EPS and Q4 2019 earnings at $4.29 EPS.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the 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 company had revenue of $545.97 million during the quarter, compared to the consensus estimate of $523.45 million. During the same period last year, the firm posted $1.89 earnings per share.
Several other equities research analysts also recently weighed in on SIVB. Zacks Investment Research raised shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 price target for the company in a research note on Wednesday, December 27th. Barclays lifted their price target on shares of SVB Financial Group from $217.00 to $251.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. SunTrust Banks reaffirmed a “buy” rating and issued a $280.00 price target on shares of SVB Financial Group in a research note on Wednesday, January 3rd. Wells Fargo reaffirmed an “outperform” rating and issued a $280.00 price target (up from $240.00) on shares of SVB Financial Group in a research note on Tuesday, January 9th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $300.00 price target (up from $250.00) on shares of SVB Financial Group in a research note on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. SVB Financial Group currently has a consensus rating of “Buy” and a consensus target price of $255.46.
SIVB opened at $236.06 on Monday. SVB Financial Group has a 1-year low of $159.44 and a 1-year high of $271.79. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $12,485.21, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.54 and a beta of 1.44.
In related news, insider Gregory W. Becker sold 3,028 shares of the business’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $233.52, for a total transaction of $707,098.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Philip C. Cox sold 1,175 shares of the business’s 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 transaction, the insider now owns 4,097 shares in the company, valued at $1,035,598.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,213 shares of company stock valued at $2,724,673. 0.74% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in SIVB. California Public Employees Retirement System boosted its stake in SVB Financial Group by 3.8% in the third quarter. California Public Employees Retirement System now owns 139,055 shares of the bank’s stock valued at $26,016,000 after acquiring an additional 5,155 shares during the last quarter. Barometer Capital Management Inc. purchased a new position in SVB Financial Group in the fourth quarter valued at about $10,987,000. Driehaus Capital Management LLC boosted its stake in SVB Financial Group by 133.5% in the fourth quarter. Driehaus Capital Management LLC now owns 8,174 shares of the bank’s stock valued at $1,911,000 after acquiring an additional 4,674 shares during the last quarter. Suntrust Banks Inc. boosted its stake in SVB Financial Group by 2.2% in the fourth quarter. Suntrust Banks Inc. now owns 20,453 shares of the bank’s stock valued at $4,780,000 after acquiring an additional 432 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in SVB Financial Group in the fourth quarter valued at about $226,000. Institutional investors and hedge funds own 89.65% of the company’s stock.
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About SVB Financial Group
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its 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 card account analysis, and disbursement, as well as online and mobile banking services.
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