Analysts Offer Predictions for SVB Financial Group’s FY2019 Earnings (SIVB)
SVB Financial Group (NASDAQ:SIVB) – Analysts at Wedbush issued their FY2019 earnings estimates for SVB Financial Group in a research note issued to investors on Thursday. Wedbush analyst D. Chiaverini forecasts that the bank will earn $14.56 per share for the year.
A number of other research firms have also recently commented on SIVB. ValuEngine cut SVB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a report on Wednesday, December 27th. Barclays boosted their price target on SVB Financial Group from $217.00 to $251.00 and gave the stock an “equal weight” rating in a report on Tuesday. Wells Fargo & Co reissued an “outperform” rating and issued a $240.00 price target (up from $215.00) on shares of SVB Financial Group in a report on Thursday, November 9th. Finally, Maxim Group reissued a “buy” rating and issued a $250.00 price target (up from $220.00) on shares of SVB Financial Group in a report on Monday, October 30th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. SVB Financial Group presently has an average rating of “Buy” and an average price target of $222.86.
SVB Financial Group (NASDAQ:SIVB) opened at $243.85 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.18. SVB Financial Group has a twelve month low of $159.44 and a twelve month high of $244.43. The company has a market capitalization of $12,654.61, a P/E ratio of 27.37, a P/E/G ratio of 1.81 and a beta of 1.62.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $2.79 EPS for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.50. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The company had revenue of $533.40 million for the quarter, compared to analysts’ expectations of $490.56 million. During the same period in the previous year, the firm earned $2.12 EPS. The firm’s revenue was up 23.0% compared to the same quarter last year.
In other news, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $226.01, for a total transaction of $452,020.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher Edmonds-Waters sold 3,630 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total value of $761,791.80. Following the sale, the insider now directly owns 5,918 shares in the company, valued at $1,241,951.48. The disclosure for this sale can be found here. Insiders have sold a total of 20,291 shares of company stock worth $4,558,918 over the last ninety days. Insiders own 0.73% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank increased its position in shares of SVB Financial Group by 525.6% during the 2nd quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock valued at $137,000 after purchasing an additional 657 shares during the last quarter. Tredje AP fonden bought a new position in shares of SVB Financial Group during the 2nd quarter valued at approximately $144,000. TLP Group LLC increased its position in shares of SVB Financial Group by 2,930.3% during the 2nd quarter. TLP Group LLC now owns 1,000 shares of the bank’s stock valued at $176,000 after purchasing an additional 967 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of SVB Financial Group by 9.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after purchasing an additional 87 shares during the last quarter. Finally, Green Square Capital LLC bought a new position in shares of SVB Financial Group during the 3rd quarter valued at approximately $206,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.
About SVB Financial Group
SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.
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