Analysts predict that SVB Financial Group (NASDAQ:SIVB) will announce $4.73 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have made estimates for SVB Financial Group’s earnings, with estimates ranging from $4.44 to $5.03. SVB Financial Group posted earnings per share of $3.63 in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.3%. The firm is expected to announce its next earnings report after the market closes on Thursday, April 25th.
On average, analysts expect that SVB Financial Group will report full year earnings of $20.22 per share for the current fiscal year, with EPS estimates ranging from $18.90 to $21.23. For the next financial year, analysts forecast that the business will report earnings of $22.24 per share, with EPS estimates ranging from $20.74 to $23.85. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for SVB Financial Group.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, January 24th. The bank reported $4.96 earnings per share for the quarter, topping analysts’ consensus estimates of $4.69 by $0.27. The business had revenue of $673.69 million for the quarter, compared to analysts’ expectations of $697.89 million. SVB Financial Group had a return on equity of 19.90% and a net margin of 35.87%. The company’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.19 EPS.
A number of equities research analysts recently weighed in on the company. ValuEngine upgraded SVB Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. BidaskClub upgraded SVB Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, April 5th. Bank of America set a $280.00 price target on SVB Financial Group and gave the stock a “buy” rating in a report on Tuesday, March 5th. SunTrust Banks upped their price target on SVB Financial Group to $280.00 and gave the stock a “buy” rating in a report on Monday, January 28th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies set a $291.00 price target on SVB Financial Group and gave the stock a “buy” rating in a report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $315.07.
SIVB opened at $243.14 on Friday. The company has a market capitalization of $12.80 billion, a P/E ratio of 13.34, a PEG ratio of 1.58 and a beta of 2.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.65 and a current ratio of 0.65. SVB Financial Group has a 1-year low of $177.70 and a 1-year high of $333.74.
In other SVB Financial Group news, insider Michelle Draper sold 1,748 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $238.44, for a total transaction of $416,793.12. Following the sale, the insider now owns 7,573 shares in the company, valued at approximately $1,805,706.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John China sold 11,200 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $249.12, for a total value of $2,790,144.00. Following the sale, the insider now owns 22,172 shares in the company, valued at approximately $5,523,488.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,617 shares of company stock worth $4,096,266. 0.73% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of SVB Financial Group during the 4th quarter worth $89,402,000. Deutsche Bank AG raised its position in shares of SVB Financial Group by 74.9% in the 4th quarter. Deutsche Bank AG now owns 526,495 shares of the bank’s stock worth $99,983,000 after buying an additional 225,422 shares during the period. Bank of New York Mellon Corp raised its position in shares of SVB Financial Group by 16.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,525,038 shares of the bank’s stock worth $474,028,000 after buying an additional 219,000 shares during the period. Sarasin & Partners LLP purchased a new position in shares of SVB Financial Group in the 4th quarter worth $40,464,000. Finally, CI Investments Inc. purchased a new position in shares of SVB Financial Group in the 4th quarter worth $39,902,000. Hedge funds and other institutional investors own 91.12% of the company’s stock.
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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