Jefferies Financial Group Weighs in on SVB Financial Group’s Q2 2022 Earnings (NASDAQ:SIVB)

SVB Financial Group (NASDAQ:SIVBGet Rating) – Equities researchers at Jefferies Financial Group dropped their Q2 2022 EPS estimates for shares of SVB Financial Group in a note issued to investors on Monday, May 9th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will earn $8.08 per share for the quarter, down from their prior forecast of $8.34. Jefferies Financial Group also issued estimates for SVB Financial Group’s Q3 2022 earnings at $10.34 EPS, FY2022 earnings at $38.05 EPS, Q2 2023 earnings at $12.04 EPS, Q3 2023 earnings at $12.52 EPS, Q4 2023 earnings at $12.73 EPS and FY2023 earnings at $49.10 EPS.

Several other analysts have also recently commented on SIVB. Oppenheimer upgraded shares of SVB Financial Group from a “market perform” rating to an “outperform” rating and set a $702.00 price objective for the company in a research note on Tuesday, May 3rd. The Goldman Sachs Group reduced their price objective on shares of SVB Financial Group from $767.00 to $674.00 and set a “buy” rating for the company in a research note on Friday, April 22nd. Argus upgraded 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 note on Wednesday, May 4th. They noted that the move was a valuation call. Wells Fargo & Company reduced their price objective on shares of SVB Financial Group from $900.00 to $810.00 and set an “overweight” rating for the company in a research note on Monday, March 21st. Finally, Morgan Stanley dropped their target price on shares of SVB Financial Group from $935.00 to $769.00 and set an “overweight” rating for the company in a report on Monday, March 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $746.53.

Shares of NASDAQ SIVB opened at $449.28 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.46 and a debt-to-equity ratio of 0.20. SVB Financial Group has a 52 week low of $422.74 and a 52 week high of $763.22. The firm has a 50-day moving average price of $525.69 and a 200 day moving average price of $621.00. The stock has a market capitalization of $26.44 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.65 and a beta of 1.80.

SVB Financial Group (NASDAQ:SIVBGet Rating) last released its earnings results on Thursday, April 21st. The bank reported $7.92 EPS for the quarter, topping the consensus estimate of $5.58 by $2.34. SVB Financial Group had a net margin of 28.80% and a return on equity of 15.59%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business earned $10.03 EPS. The business’s revenue was up 13.9% on a year-over-year basis.

Hedge funds have recently bought and sold shares of the business. Barclays PLC grew its position in SVB Financial Group by 22.7% during the third quarter. Barclays PLC now owns 163,727 shares of the bank’s stock valued at $105,912,000 after acquiring an additional 30,252 shares during the period. Wellington Shields Capital Management LLC boosted its position in shares of SVB Financial Group by 593.9% in the third quarter. Wellington Shields Capital Management LLC now owns 9,055 shares of the bank’s stock worth $5,857,000 after buying an additional 7,750 shares during the period. StrongBox Wealth LLC boosted its position in shares of SVB Financial Group by 11.9% in the fourth quarter. StrongBox Wealth LLC now owns 1,505 shares of the bank’s stock worth $1,021,000 after buying an additional 160 shares during the period. Arizona State Retirement System boosted its position in shares of SVB Financial Group by 6.9% in the third quarter. Arizona State Retirement System now owns 15,675 shares of the bank’s stock worth $10,140,000 after buying an additional 1,009 shares during the period. Finally, Wealthfront Advisers LLC boosted its position in shares of SVB Financial Group by 7.6% in the fourth quarter. Wealthfront Advisers LLC now owns 5,507 shares of the bank’s stock worth $3,736,000 after buying an additional 391 shares during the period. 88.80% of the stock is owned by hedge funds and other institutional investors.

In other SVB Financial Group news, Director Garen K. Staglin sold 500 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $504.03, for a total transaction of $252,015.00. Following the completion of the sale, the director now owns 14,180 shares of the company’s stock, valued at $7,147,145.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Michelle Draper sold 50 shares of the business’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $524.79, for a total value of $26,239.50. Following the sale, the chief marketing officer now directly owns 3,184 shares of the company’s stock, valued at approximately $1,670,931.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,360 shares of company stock valued at $4,857,395. Company insiders own 0.62% of the company’s stock.

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

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