Brokerages Anticipate SVB Financial Group (NASDAQ:SIVB) to Post $7.91 Earnings Per Share

Wall Street analysts predict that SVB Financial Group (NASDAQ:SIVBGet Rating) will post $7.91 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for SVB Financial Group’s earnings, with estimates ranging from $6.99 to $8.44. SVB Financial Group posted earnings per share of $9.09 during the same quarter last year, which indicates a negative year over year growth rate of 13%. The business is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that SVB Financial Group will report full year earnings of $35.04 per share for the current financial year, with EPS estimates ranging from $33.00 to $38.68. For the next financial year, analysts expect that the company will report earnings of $46.23 per share, with EPS estimates ranging from $39.00 to $58.03. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover SVB Financial Group.

SVB Financial Group (NASDAQ:SIVBGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The bank reported $7.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.37 by $2.55. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.45 billion. SVB Financial Group had a net margin of 28.80% and a return on equity of 15.59%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.03 earnings per share.

Several analysts have recently weighed in on the stock. downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Janney Montgomery Scott upgraded shares of SVB Financial Group from a “neutral” rating to a “buy” rating and set a $875.00 price objective for the company in a research report on Friday, April 22nd. StockNews.com initiated coverage on shares of SVB Financial Group in a research report on Thursday, March 31st. They set a “sell” rating for the company. Oppenheimer raised shares of SVB Financial Group from a “market perform” rating to an “outperform” rating and set a $702.00 target price on the stock in a report on Tuesday, May 3rd. Finally, Wells Fargo & Company cut their target price on shares of SVB Financial Group from $900.00 to $810.00 and set an “overweight” rating on the stock in a report on Monday, March 21st. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $746.53.

In other news, CFO Daniel J. Beck sold 2,900 shares of the company’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $595.08, for a total transaction of $1,725,732.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher Edmonds-Waters sold 3,851 shares of the company’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. Insiders sold a total of 8,360 shares of company stock worth $4,857,395 over the last three months. 0.62% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in shares of SVB Financial Group during the 4th quarter worth $25,000. Carroll Investors Inc acquired a new position in shares of SVB Financial Group during the 4th quarter worth $27,000. Charter Oak Capital Management LLC purchased a new stake in shares of SVB Financial Group in the 4th quarter worth about $28,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of SVB Financial Group in the 4th quarter worth about $32,000. Finally, McDonald Partners LLC purchased a new stake in shares of SVB Financial Group in the 4th quarter worth about $33,000. 88.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:SIVB traded up $13.30 during trading on Monday, hitting $448.00. 463,491 shares of the company were exchanged, compared to its average volume of 558,070. The stock has a market capitalization of $26.37 billion, a P/E ratio of 15.20, a PEG ratio of 1.56 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.46 and a quick ratio of 0.46. SVB Financial Group has a 12-month low of $419.60 and a 12-month high of $763.22. The firm’s 50 day moving average price is $516.56 and its 200-day moving average price is $609.25.

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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