Brokerages Anticipate SVB Financial Group (NASDAQ:SIVB) to Announce $7.91 EPS

Wall Street brokerages predict that SVB Financial Group (NASDAQ:SIVB – Get Rating) will post earnings of $7.91 per share 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 reported earnings of $9.09 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 13%. The firm is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that SVB Financial Group will report full year earnings of $35.04 per share for the current fiscal year, with EPS estimates ranging from $33.00 to $38.68. For the next fiscal year, analysts expect that the firm will post earnings of $46.23 per share, with EPS estimates ranging from $39.00 to $58.03. Zacks’ EPS averages are a mean average based on a survey of research firms that cover SVB Financial Group.

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

SIVB has been the topic of a number of recent analyst reports. Oppenheimer upgraded SVB Financial Group from a “market perform” rating to an “outperform” rating and set a $702.00 price objective on the stock in a research note on Tuesday, May 3rd. Janney Montgomery Scott upgraded SVB Financial Group from a “neutral” rating to a “buy” rating and set a $875.00 price objective on the stock in a research note on Friday, April 22nd. Wolfe Research dropped their price objective on SVB Financial Group from $723.00 to $470.00 and set an “outperform” rating on the stock in a research note on Thursday. StockNews.com initiated coverage on SVB Financial Group in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. Finally, Truist Financial dropped their price objective on SVB Financial Group from $800.00 to $650.00 and set a “buy” rating on the stock in a research note on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, SVB Financial Group has an average rating of “Buy” and an average target price of $728.70.

In other news, CMO Michelle Draper sold 50 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $524.79, for a total value of $26,239.50. Following the transaction, the chief marketing officer now directly owns 3,184 shares of the company’s stock, valued at approximately $1,670,931.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Edmonds-Waters sold 3,851 shares of the business’s stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $595.08, for a total value of $2,291,653.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,360 shares of company stock worth $4,857,395. Corporate insiders own 0.62% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Savant Capital LLC lifted its holdings in SVB Financial Group by 1.9% during the 4th quarter. Savant Capital LLC now owns 903 shares of the bank’s stock worth $612,000 after buying an additional 17 shares in the last quarter. SevenOneSeven Capital Management lifted its holdings in SVB Financial Group by 2.8% during the 3rd quarter. SevenOneSeven Capital Management now owns 709 shares of the bank’s stock worth $459,000 after buying an additional 19 shares in the last quarter. Putnam Investments LLC lifted 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 worth $278,000 after buying an additional 19 shares in the last quarter. Great Diamond Partners LLC lifted its holdings in SVB Financial Group by 2.3% during the 4th quarter. Great Diamond Partners LLC now owns 847 shares of the bank’s stock worth $574,000 after buying an additional 19 shares in the last quarter. Finally, Lincoln National Corp lifted its holdings in SVB Financial Group by 3.1% during the 4th quarter. Lincoln National Corp now owns 635 shares of the bank’s stock worth $431,000 after buying an additional 19 shares in the last quarter. 88.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:SIVB traded up $18.91 on Monday, reaching $492.02. The company had a trading volume of 671,909 shares, compared to its average volume of 561,832. SVB Financial Group has a twelve month low of $419.60 and a twelve month high of $763.22. The stock has a 50-day moving average price of $506.65 and a 200 day moving average price of $601.21. The stock has a market capitalization of $28.96 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.56 and a beta of 1.80. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.20.

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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