SVB Financial Group (NASDAQ:SIVB) – Stock analysts at Wedbush issued their FY2019 earnings per share estimates for SVB Financial Group in a research note issued to investors on Thursday. Wedbush analyst D. Chiaverini expects that the bank will earn $14.56 per share for the year.

A number of other research analysts have also issued reports on SIVB. ValuEngine lowered SVB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research lowered SVB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $213.00 target price (up from $210.00) on shares of SVB Financial Group in a report on Wednesday, October 4th. Maxim Group reiterated a “buy” rating and issued a $250.00 target price (up from $220.00) on shares of SVB Financial Group in a report on Monday, October 30th. Finally, Barclays set a $217.00 target price on SVB Financial Group and gave the company a “hold” rating in a report on Monday, October 30th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $222.86.

SVB Financial Group (NASDAQ:SIVB) traded up $2.27 during trading hours on Friday, reaching $239.94. The company had a trading volume of 721,800 shares, compared to its average volume of 486,500. The stock has a market capitalization of $12,534.89, a price-to-earnings ratio of 26.93, a PEG ratio of 1.80 and a beta of 1.62. SVB Financial Group has a 52-week low of $159.44 and a 52-week high of $242.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.50. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The business had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. During the same period in the previous year, the firm posted $2.12 earnings per share. The company’s revenue was up 23.0% on a year-over-year basis.

In other SVB Financial Group news, insider Christopher Edmonds-Waters sold 3,630 shares of SVB Financial Group stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total transaction of $761,791.80. Following the completion of the sale, the insider now directly owns 5,918 shares of the company’s stock, valued at approximately $1,241,951.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory W. Becker sold 9,511 shares of SVB Financial Group stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $232.68, for a total value of $2,213,019.48. The disclosure for this sale can be found here. Insiders have sold a total of 20,291 shares of company stock valued at $4,558,918 over the last ninety days. 0.73% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of SVB Financial Group by 16.5% during the second quarter. BlackRock Inc. now owns 5,287,595 shares of the bank’s stock worth $929,507,000 after purchasing an additional 748,591 shares in the last quarter. Harding Loevner LP increased its position in shares of SVB Financial Group by 209.0% during the third quarter. Harding Loevner LP now owns 4,817,712 shares of the bank’s stock worth $284,617,000 after purchasing an additional 3,258,700 shares in the last quarter. Vanguard Group Inc. increased its position in shares of SVB Financial Group by 4.1% during the second quarter. Vanguard Group Inc. now owns 4,376,567 shares of the bank’s stock worth $769,356,000 after purchasing an additional 170,941 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of SVB Financial Group by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 2,489,781 shares of the bank’s stock worth $464,570,000 after purchasing an additional 354,948 shares in the last quarter. Finally, State Street Corp increased its position in shares of SVB Financial Group by 13.5% during the second quarter. State Street Corp now owns 2,433,130 shares of the bank’s stock worth $427,721,000 after purchasing an additional 288,697 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “SVB Financial Group (SIVB) Expected to Earn FY2019 Earnings of $14.56 Per Share” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/05/svb-financial-group-sivb-expected-to-earn-fy2019-earnings-of-14-56-per-share.html.

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.

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

Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.