SVB Financial Group (SIVB) Scheduled to Post Earnings on Thursday

SVB Financial Group (NASDAQ:SIVBGet Rating) is set to post its quarterly earnings results after the market closes on Thursday, April 21st. Analysts expect SVB Financial Group to post earnings of $5.58 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

SVB Financial Group (NASDAQ:SIVBGet Rating) last issued its earnings results on Thursday, January 20th. The bank reported $6.56 EPS for the quarter, beating the consensus estimate of $6.29 by $0.27. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.45 billion. SVB Financial Group had a net margin of 30.19% and a return on equity of 17.07%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned $7.40 EPS. On average, analysts expect SVB Financial Group to post $31 EPS for the current fiscal year and $43 EPS for the next fiscal year.

Shares of NASDAQ:SIVB opened at $520.67 on Thursday. The firm has a 50 day moving average of $572.24 and a 200-day moving average of $648.11. The stock has a market capitalization of $30.62 billion, a PE ratio of 16.49, a PEG ratio of 2.02 and a beta of 1.82. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. SVB Financial Group has a 12 month low of $486.74 and a 12 month high of $763.22.

In other news, insider Philip C. Cox sold 4,798 shares of the company’s stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $580.50, for a total value of $2,785,239.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Michelle Draper sold 269 shares of the company’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $603.58, for a total transaction of $162,363.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,607 shares of company stock worth $9,811,559. Insiders own 0.62% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its stake in SVB Financial Group by 7.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 363 shares of the bank’s stock worth $246,000 after acquiring an additional 25 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in SVB Financial Group by 4.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 964 shares of the bank’s stock worth $654,000 after acquiring an additional 37 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in SVB Financial Group during the fourth quarter worth $25,000. Carroll Investors Inc bought a new position in SVB Financial Group during the fourth quarter worth $27,000. Finally, Allstate Corp boosted its stake in SVB Financial Group by 2.5% during the fourth quarter. Allstate Corp now owns 1,857 shares of the bank’s stock worth $1,259,000 after acquiring an additional 46 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of SVB Financial Group from $755.00 to $789.00 and gave the company an “equal weight” rating in a research report on Monday, January 3rd. Odeon Capital Group cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, January 10th. Truist Financial lowered their price objective on shares of SVB Financial Group from $850.00 to $800.00 in a research report on Monday, January 24th. The Goldman Sachs Group lowered their price objective on shares of SVB Financial Group from $882.00 to $767.00 and set a “buy” rating for the company in a research report on Monday, April 4th. Finally, Wells Fargo & Company lowered their price objective on shares of SVB Financial Group from $900.00 to $810.00 and set an “overweight” rating for the company in a research report on Monday, March 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $771.76.

SVB Financial Group Company Profile (Get Rating)

SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.

Further Reading

Earnings History for SVB Financial Group (NASDAQ:SIVB)

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