SVB Financial Group (SIVB) Announces Quarterly Earnings Results, Misses Estimates By $0.41 EPS

SVB Financial Group (NASDAQ:SIVB) posted its quarterly earnings results on Thursday. The bank reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.60 by ($0.41), Briefing.com reports. SVB Financial Group had a return on equity of 11.41% and a net margin of 22.83%. The company had revenue of $545.97 million for the quarter, compared to the consensus estimate of $523.45 million. During the same quarter in the previous year, the business earned $1.89 earnings per share.

SVB Financial Group (NASDAQ SIVB) traded down $3.30 on Friday, hitting $257.83. The stock had a trading volume of 754,562 shares, compared to its average volume of 464,464. The stock has a market cap of $13,600.00, a PE ratio of 28.03, a PEG ratio of 1.75 and a beta of 1.62. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. SVB Financial Group has a 52 week low of $159.44 and a 52 week high of $263.09.

In other news, Director Eric Benhamou sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $226.01, for a total value of $452,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gregory W. Becker sold 9,511 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were 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. In the last 90 days, insiders sold 20,291 shares of company stock valued at $4,558,918. 0.73% of the stock is currently owned by company insiders.

A number of equities research analysts have recently weighed in on SIVB shares. Wells Fargo & Co reiterated an “outperform” rating and issued a $280.00 price objective (up from $240.00) on shares of SVB Financial Group in a research report on Tuesday, January 9th. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 price objective on the stock in a research report on Wednesday, December 27th. SunTrust Banks reiterated a “buy” rating and issued a $245.00 price objective on shares of SVB Financial Group in a research report on Friday, November 17th. ValuEngine lowered SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Barclays set a $217.00 price objective on SVB Financial Group and gave the stock a “hold” rating in a research report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $233.08.

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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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