Analysts predict that SVB Financial Group (NASDAQ:SIVB) will announce $523.45 million in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for SVB Financial Group’s earnings. The highest sales estimate is $545.06 million and the lowest is $502.20 million. SVB Financial Group posted sales of $410.11 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.6%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, January 25th.
According to Zacks, analysts expect that SVB Financial Group will report full-year sales of $523.45 million for the current fiscal year, with estimates ranging from $1.94 billion to $1.98 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.29 billion per share, with estimates ranging from $2.25 billion to $2.38 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow SVB Financial Group.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.50. The firm had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.12 earnings per share.
In other SVB Financial Group news, insider Marc C. Cadieux sold 2,260 shares of SVB Financial Group stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $219.34, for a total value of $495,708.40. Following the completion of the sale, the insider now owns 15,971 shares in the company, valued at approximately $3,503,079.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $226.01, for a total transaction of $452,020.00. The disclosure for this sale can be found here. Insiders sold a total of 20,291 shares of company stock valued at $4,558,918 in the last quarter. Corporate insiders own 0.73% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Raymond James Trust N.A. raised its stake in SVB Financial Group by 0.3% in the 2nd quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock worth $259,000 after purchasing an additional 4 shares in the last quarter. Macquarie Group Ltd. raised its stake in SVB Financial Group by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock worth $2,844,000 after purchasing an additional 122 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in SVB Financial Group by 3.4% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,032 shares of the bank’s stock worth $1,316,000 after purchasing an additional 232 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in SVB Financial Group by 1.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,709 shares of the bank’s stock worth $2,761,000 after purchasing an additional 289 shares in the last quarter. Finally, Aureus Asset Management LLC increased its holdings in SVB Financial Group by 0.4% in the 3rd quarter. Aureus Asset Management LLC now owns 78,380 shares of the bank’s stock valued at $14,664,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.
Shares of SVB Financial Group (NASDAQ SIVB) opened at $254.62 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $13,274.84, a PE ratio of 28.58, a PEG ratio of 1.72 and a beta of 1.62. SVB Financial Group has a 12 month low of $159.44 and a 12 month high of $257.24.
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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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