SVB Financial Group (NASDAQ: SIVB – Get Rating) – Equities researchers at Jefferies Financial Group decreased their Q2 2022 earnings estimates for shares of SVB Financial Group in a research report issued to clients and investors on Monday, June 13th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will post earnings per share of $ 7.81 for the quarter, down from their prior forecast of $ 8.08. The consensus estimate for SVB Financial Group’s current full-year earnings is $ 35.05 per share. Jefferies Financial Group also issued estimates for SVB Financial Group’s Q4 2023 earnings at $ 11.95 EPS.
SVB Financial Group (NASDAQ: SIVB – Get Rating) last released its earnings results on Thursday, April 21st. The bank reported $ 7.92 earnings per share for the quarter, beating analysts’ consensus estimates of $ 5.37 by $ 2.55. The business 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 company revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $ 10.03 EPS.
A number of other analysts also recently weighed in on the stock. Oppenheimer raised shares of SVB Financial Group from a “market perform” rating to an “outperform” rating and set a $ 702.00 target price for the company in a research report on Tuesday, May 3rd. Piper Sandler decreased their target price on shares of SVB Financial Group from $ 725.00 to $ 700.00 and set an “overweight” rating for the company in a research report on Friday, April 22nd. Wolfe Research decreased their target price on shares of SVB Financial Group from $ 723.00 to $ 470.00 and set an “outperform” rating for the company in a research report on Thursday, May 26th. Argus raised shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $ 550.00 price objective for the company in a research report on Wednesday, May 4th. They noted that the move was a valuation call. Finally, StockNews.com assumed coverage on shares of SVB Financial Group in a research report on Thursday, March 31st. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $ 709.18.
NASDAQ: SIVB opened at $ 406.39 on Tuesday. The company has a market capitalization of $ 23.92 billion, a PE ratio of 13.79, a P / E / G ratio of 1.58 and a beta of 1.80. The company has a 50 day simple moving average of $ 482.76 and a two-hundred day simple moving average of $ 576.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.46 and a current ratio of 0.46. SVB Financial Group has a fifty-two week low of $ 399.61 and a fifty-two week high of $ 763.22.
A number of large investors have recently modified their holdings of SIVB. EagleClaw Capital Managment LLC lifted its stake in SVB Financial Group by 0.7% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 3,371 shares of the bank’s stock valued at $ 2,180,000 after acquiring an additional 22 shares in the last quarter. HighTower Advisors LLC grew its holdings in SVB Financial Group by 1.4% during the 3rd quarter. HighTower Advisors LLC now owns 4,282 shares of the bank’s stock valued at $ 2,775,000 after buying an additional 59 shares in the last quarter. Penserra Capital Management LLC grew its holdings in SVB Financial Group by 184.1% during the 3rd quarter. Penserra Capital Management LLC now owns 500 shares of the bank’s stock valued at $ 322,000 after buying an additional 324 shares in the last quarter. Putnam Investments LLC grew its holdings in SVB Financial Group by 4.6% during the 3rd quarter. Putnam Investments LLC now owns 429 shares of the bank’s stock valued at $ 278,000 after buying an additional 19 shares in the last quarter. Finally, Eaton Vance Management grew its holdings in shares of SVB Financial Group by 2.6% during the third quarter. Eaton Vance Management now owns 32,656 shares of the bank’s stock worth $ 20,667,000 after purchasing an additional 839 shares in the last quarter. Institutional investors and hedge funds own 88.80% of the company stock.
In other SVB Financial Group news, Director Garen K. Staglin sold 500 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $ 484.41, for a total transaction of $ 242,205.00. Following the transaction, the director now directly owns 13,680 shares in the company, valued at approximately $ 6,626,728.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Michelle Draper sold 50 shares of the firm’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $ 524.79, for a total value of $ 26,239.50. Following the transaction, the chief marketing officer now owns 3,184 shares in the company, valued at $ 1,670,931.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,840 shares of company stock worth $ 919,852. 0.62% of the stock is owned by company insiders.
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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