SVB Financial Group to Post Q1 2022 Earnings of $5.37 Per Share, Jefferies Financial Group Forecasts (NASDAQ:SIVB)

SVB Financial Group (NASDAQ:SIVB – Get Rating) – Stock analysts at Jefferies Financial Group decreased their Q1 2022 earnings estimates for SVB Financial Group in a report released on Monday, April 11th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will earn $5.37 per share for the quarter, down from their prior estimate of $6.21. Jefferies Financial Group also issued estimates for SVB Financial Group’s Q3 2022 earnings at $10.08 EPS, Q4 2022 earnings at $10.78 EPS, FY2022 earnings at $33.85 EPS, Q1 2023 earnings at $10.96 EPS, Q2 2023 earnings at $11.70 EPS, Q3 2023 earnings at $12.23 EPS, Q4 2023 earnings at $12.41 EPS and FY2023 earnings at $47.30 EPS.

SVB Financial Group (NASDAQ:SIVB – Get Rating) last posted its quarterly earnings data on Thursday, January 20th. The bank reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. SVB Financial Group had a return on equity of 17.07% and a net margin of 30.19%. The business’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.40 earnings per share.

SIVB has been the subject of a number of other research reports. The Goldman Sachs Group dropped their price objective on SVB Financial Group from $882.00 to $767.00 and set a “buy” rating for the company in a report on Monday, April 4th. Barclays upped their price objective on SVB Financial Group from $755.00 to $789.00 and gave the stock an “equal weight” rating in a research report on Monday, January 3rd. Truist Financial reduced their price target on SVB Financial Group from $850.00 to $800.00 in a research report on Monday, January 24th. Wedbush restated a “buy” rating and issued a $860.00 price objective on shares of SVB Financial Group in a research note on Wednesday, February 16th. Finally, StockNews.com began coverage on SVB Financial Group in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $771.76.

NASDAQ SIVB opened at $520.67 on Wednesday. The stock has a 50-day simple moving average of $572.24 and a 200 day simple moving average of $648.11. The company has a market capitalization of $30.62 billion, a PE ratio of 16.49, a P/E/G 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.

A number of large investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of SVB Financial Group during the 4th quarter valued at $346,160,000. BlackRock Inc. lifted its stake in shares of SVB Financial Group by 9.5% during the 3rd quarter. BlackRock Inc. now owns 5,059,688 shares of the bank’s stock valued at $3,273,011,000 after buying an additional 439,970 shares in the last quarter. Invesco Ltd. lifted its stake in shares of SVB Financial Group by 42.9% during the 3rd quarter. Invesco Ltd. now owns 1,238,752 shares of the bank’s stock valued at $801,323,000 after buying an additional 372,184 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of SVB Financial Group by 62.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 436,672 shares of the bank’s stock valued at $282,475,000 after buying an additional 167,211 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in shares of SVB Financial Group by 1,556.2% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 151,836 shares of the bank’s stock valued at $102,981,000 after buying an additional 142,668 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

In related news, insider Philip C. Cox sold 4,798 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $580.50, for a total transaction of $2,785,239.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Michelle Draper sold 269 shares of the firm’s stock in a transaction that occurred 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. Insiders sold 16,607 shares of company stock valued at $9,811,559 over the last 90 days. 0.62% of the stock is currently owned by company insiders.

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.

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