$2.05 EPS Expected for SVB Financial Group (SIVB) This Quarter
Analysts expect SVB Financial Group (NASDAQ:SIVB) to post $2.05 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for SVB Financial Group’s earnings, with the lowest EPS estimate coming in at $1.85 and the highest estimate coming in at $2.16. SVB Financial Group posted earnings of $1.78 per share during the same quarter last year, which suggests a positive year over year growth rate of 15.2%. The business is scheduled to report its next earnings results on Thursday, July 20th.
According to Zacks, analysts expect that SVB Financial Group will report full year earnings of $8.69 per share for the current year, with EPS estimates ranging from $8.08 to $9.04. For the next financial year, analysts anticipate that the business will report earnings of $11.06 per share, with EPS estimates ranging from $9.71 to $12.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow SVB Financial Group.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, April 27th. The bank reported $1.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.05. The business had revenue of $427.65 million during the quarter, compared to the consensus estimate of $429.13 million. SVB Financial Group had a net margin of 23.67% and a return on equity of 10.77%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 EPS.
A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $216.00 price target on shares of SVB Financial Group in a research report on Tuesday, April 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $195.00 price target on shares of SVB Financial Group in a research report on Tuesday, April 4th. Keefe, Bruyette & Woods set a $191.00 price target on shares of SVB Financial Group and gave the stock a “buy” rating in a research report on Monday, April 3rd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $214.00 price target (up from $202.00) on shares of SVB Financial Group in a research report on Friday, April 14th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $182.45.
Shares of SVB Financial Group (NASDAQ:SIVB) traded up 1.36% during midday trading on Monday, hitting $181.32. 163,145 shares of the company traded hands. SVB Financial Group has a 12-month low of $82.90 and a 12-month high of $198.83. The stock’s 50-day moving average is $178.41 and its 200 day moving average is $178.80. The stock has a market capitalization of $9.52 billion, a P/E ratio of 23.55 and a beta of 1.55.
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In other SVB Financial Group news, insider Bruce Wallace sold 8,790 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $182.58, for a total value of $1,604,878.20. Following the transaction, the insider now directly owns 14,248 shares in the company, valued at $2,601,399.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Descheneaux sold 7,000 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $184.38, for a total transaction of $1,290,660.00. Following the completion of the transaction, the chief financial officer now owns 18,419 shares in the company, valued at $3,396,095.22. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in SVB Financial Group by 16,192.8% in the first quarter. BlackRock Inc. now owns 4,539,004 shares of the bank’s stock valued at $844,664,000 after buying an additional 4,511,145 shares in the last quarter. Credit Agricole S A increased its position in SVB Financial Group by 924.5% in the first quarter. Credit Agricole S A now owns 1,128,284 shares of the bank’s stock valued at $44,547,000 after buying an additional 1,018,151 shares in the last quarter. Janus Capital Management LLC increased its position in SVB Financial Group by 174.8% in the fourth quarter. Janus Capital Management LLC now owns 845,827 shares of the bank’s stock valued at $145,194,000 after buying an additional 538,044 shares in the last quarter. FMR LLC increased its position in SVB Financial Group by 193.3% in the fourth quarter. FMR LLC now owns 766,129 shares of the bank’s stock valued at $131,514,000 after buying an additional 504,929 shares in the last quarter. Finally, Norges Bank bought a new position in SVB Financial Group during the fourth quarter valued at approximately $67,877,000. Hedge funds and other institutional investors own 95.82% of the company’s stock.
About SVB Financial Group
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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