Equities Analysts Offer Predictions for SVB Financial Group’s Q1 2023 Earnings (NASDAQ:SIVB)

SVB Financial Group (NASDAQ:SIVB – Get Rating) – Research analysts at Oppenheimer upped their Q1 2023 earnings per share estimates for shares of SVB Financial Group in a research note issued on Wednesday, March 8th. Oppenheimer analyst C. Kotowski now forecasts that the bank will earn $5.99 per share for the quarter, up from their previous estimate of $5.41. The consensus estimate for SVB Financial Group’s current full-year earnings is $17.76 per share. Oppenheimer also issued estimates for SVB Financial Group’s Q2 2023 earnings at $4.51 EPS, Q3 2023 earnings at $4.61 EPS, Q4 2023 earnings at $4.23 EPS, FY2023 earnings at $21.94 EPS and FY2024 earnings at $19.85 EPS.

SVB Financial Group (NASDAQ:SIVB – Get Rating) last released its quarterly earnings data on Thursday, January 19th. The bank reported $4.62 EPS for the quarter, missing the consensus estimate of $5.26 by ($0.64). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.48 billion. SVB Financial Group had a net margin of 22.05% and a return on equity of 13.02%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $6.22 EPS.

Several other equities research analysts also recently issued reports on the company. StockNews.com raised SVB Financial Group to a “sell” rating in a report on Monday, February 27th. Wedbush cut their price target on SVB Financial Group from $250.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday. JPMorgan Chase & Co. cut their price target on SVB Financial Group from $300.00 to $270.00 and set an “overweight” rating for the company in a report on Thursday. DA Davidson cut their price target on SVB Financial Group to $240.00 in a report on Monday, December 12th. Finally, Raymond James downgraded SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Friday. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, SVB Financial Group has a consensus rating of “Hold” and a consensus target price of $348.47.

SVB Financial Group Trading Down 62.8 %

NASDAQ SIVB opened at $39.40 on Monday. The stock has a 50 day moving average of $275.93 and a 200-day moving average of $283.67. SVB Financial Group has a 12 month low of $39.40 and a 12 month high of $597.16. The company has a market cap of $2.33 billion, a PE ratio of 1.55, a PEG ratio of 0.70 and a beta of 1.57. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.42.

Insider Transactions at SVB Financial Group

In other SVB Financial Group news, CEO Gregory W. Becker sold 12,451 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $287.42, for a total value of $3,578,666.42. Following the completion of the sale, the chief executive officer now directly owns 92,552 shares in the company, valued at $26,601,295.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other SVB Financial Group news, CEO Gregory W. Becker sold 12,451 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $287.42, for a total value of $3,578,666.42. Following the transaction, the chief executive officer now directly owns 92,552 shares of the company’s stock, valued at $26,601,295.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Michelle Draper sold 165 shares of the firm’s stock in a transaction on Friday, January 20th. The shares were sold at an average price of $300.00, for a total transaction of $49,500.00. Following the completion of the transaction, the chief marketing officer now directly owns 4,261 shares in the company, valued at $1,278,300. The disclosure for this sale can be found here. Insiders sold a total of 18,004 shares of company stock worth $5,016,701 over the last three months. 0.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On SVB Financial Group

Several institutional investors have recently modified their holdings of SIVB. Geneos Wealth Management Inc. grew its holdings in SVB Financial Group by 100.0% during the first quarter. Geneos Wealth Management Inc. now owns 72 shares of the bank’s stock valued at $40,000 after purchasing an additional 36 shares during the period. Ronald Blue Trust Inc. grew its holdings in SVB Financial Group by 243.5% during the fourth quarter. Ronald Blue Trust Inc. now owns 79 shares of the bank’s stock valued at $26,000 after purchasing an additional 56 shares during the period. Private Trust Co. NA grew its holdings in SVB Financial Group by 107.8% during the third quarter. Private Trust Co. NA now owns 106 shares of the bank’s stock valued at $36,000 after purchasing an additional 55 shares during the period. SeaCrest Wealth Management LLC bought a new position in SVB Financial Group during the second quarter valued at $43,000. Finally, MV Capital Management Inc. grew its holdings in SVB Financial Group by 169.0% during the fourth quarter. MV Capital Management Inc. now owns 113 shares of the bank’s stock valued at $26,000 after purchasing an additional 71 shares during the period. 92.35% of the stock is owned by institutional investors.

About SVB Financial Group

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SVB Financial Group is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. The Global Commercial Bank segment consists of results from the commercial bank, private equity division, SVB wine, SVB analytics, and debt fund investments.