DA Davidson Comments on SVB Financial Group’s FY2022 Earnings (NASDAQ:SIVB)

SVB Financial Group (NASDAQ:SIVBGet Rating) – Research analysts at DA Davidson increased their FY2022 earnings estimates for shares of SVB Financial Group in a note issued to investors on Monday, April 25th. DA Davidson analyst G. Tenner now expects that the bank will earn $34.44 per share for the year, up from their prior estimate of $30.71. DA Davidson also issued estimates for SVB Financial Group’s FY2023 earnings at $43.89 EPS.

A number of other analysts have also recently commented on SIVB. Raymond James lifted their target price on shares of SVB Financial Group from $685.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, April 22nd. Morgan Stanley lowered their target price on shares of SVB Financial Group from $935.00 to $769.00 and set an “overweight” rating for the company in a research note on Monday, March 28th. Janney Montgomery Scott upgraded shares of SVB Financial Group from a “neutral” rating to a “buy” rating and set a $875.00 target price for the company in a research note on Friday, April 22nd. Barclays lifted their target price on shares of SVB Financial Group from $755.00 to $789.00 and gave the stock an “equal weight” rating in a research note on Monday, January 3rd. Finally, Wedbush decreased their price objective on shares of SVB Financial Group from $800.00 to $675.00 and set an “outperform” rating for the company in a research note on Friday, April 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, SVB Financial Group currently has an average rating of “Buy” and an average target price of $760.71.

Shares of SVB Financial Group stock opened at $514.51 on Wednesday. The firm’s 50 day moving average price is $551.80 and its 200-day moving average price is $639.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. SVB Financial Group has a 52-week low of $486.74 and a 52-week high of $763.22. The company has a market cap of $30.26 billion, a P/E ratio of 17.46, a PEG ratio of 2.05 and a beta of 1.82.

SVB Financial Group (NASDAQ:SIVBGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The bank reported $7.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.58 by $2.34. SVB Financial Group had a net margin of 28.80% and a return on equity of 15.88%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm earned $10.03 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year.

In related news, insider Michael Descheneaux sold 1,975 shares of the business’s stock in a transaction on Monday, February 7th. The shares were sold at an average price of $611.55, for a total value of $1,207,811.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Edmonds-Waters sold 3,851 shares of the business’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $595.08, for a total transaction of $2,291,653.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,607 shares of company stock valued at $9,811,559. Company insiders own 0.62% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of SVB Financial Group by 34.9% in the third quarter. SG Americas Securities LLC now owns 2,174 shares of the bank’s stock valued at $1,406,000 after buying an additional 563 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of SVB Financial Group in the third quarter valued at about $373,000. Retirement Systems of Alabama raised its position in shares of SVB Financial Group by 1.4% in the third quarter. Retirement Systems of Alabama now owns 20,145 shares of the bank’s stock valued at $13,031,000 after buying an additional 277 shares during the last quarter. Dupont Capital Management Corp raised its position in shares of SVB Financial Group by 73.4% in the third quarter. Dupont Capital Management Corp now owns 1,878 shares of the bank’s stock valued at $1,215,000 after buying an additional 795 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of SVB Financial Group by 1.3% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 38,606 shares of the bank’s stock valued at $24,973,000 after buying an additional 500 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

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

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