SVB Financial Group to Post Q4 2016 Earnings of $1.60 Per Share, Jefferies Group Forecasts (SIVB)
SVB Financial Group (NASDAQ:SIVB) – Equities researchers at Jefferies Group cut their Q4 2016 earnings estimates for SVB Financial Group in a report released on Tuesday. Jefferies Group analyst C. Haire now expects that the firm will earn $1.60 per share for the quarter, down from their previous forecast of $1.61. Jefferies Group also issued estimates for SVB Financial Group’s Q1 2017 earnings at $1.79 EPS, Q2 2017 earnings at $1.89 EPS, Q3 2017 earnings at $1.86 EPS and Q4 2017 earnings at $1.96 EPS.
A number of other research analysts also recently commented on the stock. JMP Securities started coverage on shares of SVB Financial Group in a research note on Friday, September 16th. They set an “outperform” rating and a $130.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of SVB Financial Group in a research note on Thursday, June 23rd. Wells Fargo & Co. reaffirmed a “buy” rating on shares of SVB Financial Group in a research note on Friday, July 22nd. DA Davidson downgraded shares of SVB Financial Group from a “buy” rating to a “neutral” rating in a research note on Friday, July 22nd. Finally, Barclays PLC raised shares of SVB Financial Group from an “overweight” rating to a “top pick” rating and upped their price objective for the company from $139.00 to $150.00 in a research note on Wednesday, September 28th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $132.54.
Shares of SVB Financial Group (NASDAQ:SIVB) traded down 3.90% on Thursday, reaching $113.46. 308,423 shares of the company were exchanged. SVB Financial Group has a 1-year low of $77.87 and a 1-year high of $141.75. The stock has a market capitalization of $5.90 billion, a PE ratio of 17.32 and a beta of 1.63. The company has a 50-day moving average price of $109.93 and a 200 day moving average price of $103.93.
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SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, July 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.08. SVB Financial Group had a net margin of 22.00% and a return on equity of 9.90%.
In other news, insider Bruce Wallace sold 2,300 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $103.25, for a total transaction of $237,475.00. Following the completion of the transaction, the insider now directly owns 13,177 shares in the company, valued at approximately $1,360,525.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eric Benhamou sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $106.38, for a total value of $212,760.00. Following the transaction, the director now owns 11,897 shares of the company’s stock, valued at $1,265,602.86. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in SVB Financial Group by 1,091.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,442 shares of the company’s stock valued at $137,000 after buying an additional 1,321 shares during the period. Advisor Group Inc. acquired a new position in SVB Financial Group during the second quarter valued at approximately $141,000. Quantbot Technologies LP acquired a new position in SVB Financial Group during the second quarter valued at approximately $144,000. Advisory Services Network LLC boosted its position in SVB Financial Group by 160.7% in the third quarter. Advisory Services Network LLC now owns 1,418 shares of the company’s stock valued at $157,000 after buying an additional 874 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in SVB Financial Group during the second quarter valued at approximately $204,000. Institutional investors own 92.23% of the company’s stock.
SVB Financial Group Company Profile
SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: 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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