SVB Financial Group (NASDAQ:SIVB) is set to release its earnings data after the market closes on Thursday, October 26th. Analysts expect SVB Financial Group to post earnings of $2.30 per share for the quarter.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.27. The company had revenue of $471.70 million for the quarter, compared to analysts’ expectations of $451.96 million. SVB Financial Group had a return on equity of 11.27% and a net margin of 24.36%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.78 EPS. On average, analysts expect SVB Financial Group to post $8.99 EPS for the current fiscal year and $11.01 EPS for the next fiscal year.

Shares of SVB Financial Group (NASDAQ:SIVB) opened at 182.70 on Thursday. The stock’s 50 day moving average price is $178.35 and its 200-day moving average price is $178.30. The company has a market capitalization of $9.63 billion, a PE ratio of 22.20 and a beta of 1.63. SVB Financial Group has a 1-year low of $115.75 and a 1-year high of $198.83.

A number of equities research analysts have recently commented on the company. ValuEngine cut SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $195.00 price objective on shares of SVB Financial Group in a research report on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $216.00 price objective on shares of SVB Financial Group in a research report on Friday, August 11th. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $197.00 price objective on the stock in a research report on Tuesday, July 4th. Finally, Stephens reaffirmed a “buy” rating and set a $205.00 price objective on shares of SVB Financial Group in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $203.00.

In other SVB Financial Group news, insider Michael Descheneaux sold 3,500 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $182.07, for a total value of $637,245.00. Following the transaction, the insider now owns 14,064 shares of the company’s stock, valued at $2,560,632.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Philip C. Cox sold 3,024 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total value of $552,787.20. Following the completion of the transaction, the insider now directly owns 2,872 shares in the company, valued at approximately $525,001.60. The disclosure for this sale can be found here. In the last three months, insiders sold 8,524 shares of company stock worth $1,534,052. 0.73% of the stock is owned by corporate insiders.

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SVB Financial Group Company Profile

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.

Earnings History for SVB Financial Group (NASDAQ:SIVB)

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