Equities analysts predict that SVB Financial Group (NASDAQ:SIVB) will post sales of $490.74 million for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for SVB Financial Group’s earnings, with the lowest sales estimate coming in at $475.20 million and the highest estimate coming in at $501.00 million. SVB Financial Group posted sales of $433.30 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.3%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that SVB Financial Group will report full-year sales of $490.74 million for the current financial year, with estimates ranging from $1.87 billion to $1.92 billion. For the next financial year, analysts expect that the business will post sales of $2.21 billion per share, with estimates ranging from $2.13 billion to $2.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover SVB Financial Group.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, July 27th. The bank reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.27. The firm had revenue of $471.70 million during the quarter, compared to analyst estimates of $451.96 million. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned $1.78 EPS.

SIVB has been the subject of a number of analyst reports. ValuEngine raised shares of SVB Financial Group from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. BidaskClub lowered shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Stephens reissued a “buy” rating and issued a $205.00 price objective on shares of SVB Financial Group in a report on Friday, July 28th. Piper Jaffray Companies reissued a “buy” rating and issued a $212.00 price objective on shares of SVB Financial Group in a report on Friday, July 14th. Finally, Zacks Investment Research lowered shares of SVB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $203.00.

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Shares of SVB Financial Group (NASDAQ:SIVB) opened at 182.70 on Thursday. The company has a market cap of $9.63 billion, a price-to-earnings ratio of 22.20 and a beta of 1.63. SVB Financial Group has a 12-month low of $115.75 and a 12-month high of $198.83. The stock has a 50 day moving average of $178.35 and a 200 day moving average of $178.30.

In other news, insider Michael Descheneaux sold 3,500 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total transaction of $637,245.00. Following the sale, the insider now owns 14,064 shares of the company’s stock, valued at $2,560,632.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip C. Cox sold 3,024 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $182.80, for a total transaction of $552,787.20. Following the sale, 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. Insiders sold 8,524 shares of company stock worth $1,534,052 in the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of SIVB. UBS Asset Management Americas Inc. lifted its position in shares of SVB Financial Group by 14.0% during the first quarter. UBS Asset Management Americas Inc. now owns 32,264 shares of the bank’s stock worth $6,004,000 after purchasing an additional 3,956 shares in the last quarter. FMR LLC lifted its position in shares of SVB Financial Group by 12.6% during the first quarter. FMR LLC now owns 862,554 shares of the bank’s stock worth $160,513,000 after purchasing an additional 96,425 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of SVB Financial Group by 7.4% during the first quarter. Teachers Advisors LLC now owns 138,140 shares of the bank’s stock worth $25,706,000 after purchasing an additional 9,479 shares in the last quarter. Legal & General Group Plc lifted its position in shares of SVB Financial Group by 60.8% during the first quarter. Legal & General Group Plc now owns 48,495 shares of the bank’s stock worth $9,026,000 after purchasing an additional 18,341 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of SVB Financial Group during the first quarter worth about $1,528,000. 92.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for SVB Financial Group (NASDAQ:SIVB)

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