Equities research analysts forecast that SVB Financial Group (NASDAQ:SIVB) will report sales of $780.12 million for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for SVB Financial Group’s earnings, with the highest sales estimate coming in at $813.50 million and the lowest estimate coming in at $762.70 million. SVB Financial Group reported sales of $659.13 million during the same quarter last year, which would suggest a positive year over year growth rate of 18.4%. The business is scheduled to report its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that SVB Financial Group will report full year sales of $3.19 billion for the current financial year, with estimates ranging from $3.09 billion to $3.29 billion. For the next year, analysts forecast that the firm will report sales of $3.49 billion, with estimates ranging from $3.39 billion to $3.64 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover SVB Financial Group.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, April 25th. The bank reported $5.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.73 by $0.71. The company had revenue of $793.26 million for the quarter, compared to analysts’ expectations of $744.49 million. SVB Financial Group had a return on equity of 20.83% and a net margin of 36.09%. During the same period in the previous year, the business posted $3.63 earnings per share.

Several analysts have recently weighed in on SIVB shares. Raymond James boosted their price target on SVB Financial Group from $280.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Friday, April 26th. ValuEngine cut SVB Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Bank of America set a $275.00 price target on SVB Financial Group and gave the stock a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada reduced their price target on SVB Financial Group to $300.00 and set an “outperform” rating on the stock in a report on Friday, January 25th. They noted that the move was a valuation call. Finally, SunTrust Banks boosted their price target on SVB Financial Group to $280.00 and gave the stock a “buy” rating in a report on Monday, January 28th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $309.60.

In other SVB Financial Group news, insider Michael Descheneaux sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $239.55, for a total value of $1,437,300.00. Following the transaction, the insider now directly owns 23,811 shares of the company’s stock, valued at $5,703,925.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John China sold 11,200 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $249.12, for a total value of $2,790,144.00. Following the completion of the transaction, the insider now directly owns 22,172 shares in the company, valued at $5,523,488.64. The disclosure for this sale can be found here. Insiders sold 20,383 shares of company stock worth $5,003,767 over the last quarter. 0.73% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. lifted its stake in SVB Financial Group by 135.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 193 shares of the bank’s stock valued at $37,000 after buying an additional 111 shares during the period. Quad Cities Investment Group LLC acquired a new position in SVB Financial Group in the first quarter valued at approximately $44,000. Cresset Asset Management LLC acquired a new position in SVB Financial Group in the first quarter valued at approximately $44,000. Clean Yield Group acquired a new position in SVB Financial Group in the fourth quarter valued at approximately $47,000. Finally, JOYN Advisors Inc. lifted its stake in SVB Financial Group by 106.9% in the fourth quarter. JOYN Advisors Inc. now owns 271 shares of the bank’s stock valued at $51,000 after buying an additional 140 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:SIVB traded down $10.17 during midday trading on Thursday, hitting $221.00. 577,602 shares of the stock were exchanged, compared to its average volume of 494,738. The stock has a market cap of $12.47 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 1.55 and a beta of 2.03. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.13. SVB Financial Group has a 12 month low of $177.70 and a 12 month high of $333.74.

SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.

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

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