Q2 2022 Earnings Forecast for SVB Financial Group (NASDAQ:SIVB) Issued By Jefferies Financial Group

SVB Financial Group (NASDAQ:SIVBGet Rating) – Stock analysts at Jefferies Financial Group reduced their Q2 2022 earnings per share estimates for shares of SVB Financial Group in a report issued on Monday, May 9th. Jefferies Financial Group analyst C. Haire now anticipates that the bank will post earnings per share of $8.08 for the quarter, down from their prior estimate of $8.34. Jefferies Financial Group also issued estimates for SVB Financial Group’s Q3 2022 earnings at $10.34 EPS, FY2022 earnings at $38.05 EPS, Q2 2023 earnings at $12.04 EPS, Q3 2023 earnings at $12.52 EPS, Q4 2023 earnings at $12.73 EPS and FY2023 earnings at $49.10 EPS.

Several other equities research analysts have also issued reports on SIVB. Wells Fargo & Company reduced 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 note on Monday, March 21st. lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Stephens reduced their price objective on shares of SVB Financial Group from $790.00 to $700.00 in a research note on Monday, January 24th. StockNews.com initiated coverage on shares of SVB Financial Group in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Finally, The Goldman Sachs Group reduced their price objective on shares of SVB Financial Group from $767.00 to $674.00 and set a “buy” rating for the company in a research note on Friday, April 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $746.53.

SIVB stock opened at $441.36 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. SVB Financial Group has a 1 year low of $439.72 and a 1 year high of $763.22. The company has a fifty day simple moving average of $528.74 and a 200 day simple moving average of $624.35. The firm has a market cap of $25.96 billion, a PE ratio of 14.98, a PEG ratio of 1.77 and a beta of 1.80.

SVB Financial Group (NASDAQ:SIVBGet Rating) last issued its earnings results on Thursday, April 21st. The bank reported $7.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.58 by $2.34. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.45 billion. SVB Financial Group had a net margin of 28.80% and a return on equity of 15.59%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $10.03 EPS.

In related news, CFO Daniel J. Beck sold 2,900 shares of the company’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $595.08, for a total value of $1,725,732.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christopher Edmonds-Waters sold 3,851 shares of the company’s stock in a transaction dated Monday, February 28th. The shares were 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. In the last 90 days, insiders have sold 8,360 shares of company stock worth $4,857,395. Insiders own 0.62% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SIVB. Norges Bank bought a new stake in SVB Financial Group in the fourth quarter valued at about $346,160,000. BlackRock Inc. boosted its position in SVB Financial Group by 9.5% in the third 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. boosted its position in SVB Financial Group by 42.9% in the third 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. Nissay Asset Management Corp Japan ADV boosted its position in SVB Financial Group by 1,556.2% in the fourth 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. Finally, Royal Bank of Canada boosted its position in SVB Financial Group by 8.6% in the third quarter. Royal Bank of Canada now owns 1,715,975 shares of the bank’s stock valued at $1,110,030,000 after buying an additional 135,943 shares in the last quarter. 88.80% of the stock is currently owned by institutional investors and hedge funds.

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

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