SVB Financial Group Forecasted to Earn FY2018 Earnings of $10.30 Per Share (SIVB)
SVB Financial Group (NASDAQ:SIVB) – Research analysts at Jefferies Group upped their FY2018 earnings estimates for SVB Financial Group in a note issued to investors on Monday. Jefferies Group analyst C. Haire now forecasts that the brokerage will post earnings of $10.30 per share for the year, up from their prior estimate of $9.35.
Several other research firms also recently weighed in on SIVB. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $199.00 price target on the stock in a research note on Monday. Maxim Group boosted their price target on SVB Financial Group from $150.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, December 19th. RBC Capital Markets reiterated a “buy” rating on shares of SVB Financial Group in a research note on Saturday, December 17th. Royal Bank Of Canada boosted their price target on SVB Financial Group from $125.00 to $146.00 and gave the company an “outperform” rating in a research note on Thursday, November 10th. Finally, Barclays PLC downgraded SVB Financial Group from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $127.00 to $130.00 in a research note on Tuesday, November 1st. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. SVB Financial Group currently has an average rating of “Buy” and an average target price of $141.50.
Shares of SVB Financial Group (NASDAQ:SIVB) traded up 0.34% during mid-day trading on Wednesday, reaching $176.55. The company had a trading volume of 330,960 shares. SVB Financial Group has a 52 week low of $77.87 and a 52 week high of $179.97. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 24.87 and a beta of 1.56. The stock has a 50 day moving average of $166.56 and a 200-day moving average of $123.43.
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SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, October 20th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.39. The company had revenue of $433.50 million for the quarter. SVB Financial Group had a return on equity of 10.44% and a net margin of 22.84%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $1.57 EPS.
In related news, insider Philip C. Cox sold 400 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $123.76, for a total value of $49,504.00. Following the completion of the transaction, the insider now owns 4,017 shares of the company’s stock, valued at approximately $497,143.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kamran F. Husain sold 3,289 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $139.45, for a total value of $458,651.05. Following the completion of the transaction, the insider now directly owns 1,187 shares of the company’s stock, valued at approximately $165,527.15. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in SIVB. Stephens Inc. AR boosted its position in SVB Financial Group by 0.3% in the third quarter. Stephens Inc. AR now owns 3,349 shares of the company’s stock worth $370,000 after buying an additional 9 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in SVB Financial Group by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,943 shares of the company’s stock worth $851,000 after buying an additional 39 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in SVB Financial Group by 3.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,265 shares of the company’s stock worth $250,000 after buying an additional 80 shares during the last quarter. NEXT Financial Group Inc boosted its position in SVB Financial Group by 2.7% in the third quarter. NEXT Financial Group Inc now owns 3,264 shares of the company’s stock worth $361,000 after buying an additional 86 shares during the last quarter. Finally, IBM Retirement Fund boosted its position in SVB Financial Group by 1.7% in the second quarter. IBM Retirement Fund now owns 5,230 shares of the company’s stock worth $498,000 after buying an additional 87 shares during the last quarter. 92.55% of the stock is owned by institutional investors.
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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