SVB Financial Group (NASDAQ:SIVB) – Analysts at SunTrust Banks issued their FY2019 earnings per share (EPS) estimates for SVB Financial Group in a report issued on Tuesday, according to Zacks Investment Research. SunTrust Banks analyst J. Demba anticipates that the bank will post earnings of $15.09 per share for the year. SunTrust Banks has a “Buy” rating and a $280.00 price target on the stock.
SIVB has been the subject of several other reports. Barclays set a $217.00 price target on shares of SVB Financial Group and gave the company a “hold” rating in a research report on Monday, October 30th. Zacks Investment Research cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Maxim Group reiterated a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of SVB Financial Group in a research report on Monday, October 30th. Wells Fargo & Co reiterated an “outperform” rating and set a $240.00 price objective (up from $215.00) on shares of SVB Financial Group in a research report on Thursday, November 9th. Finally, ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. SVB Financial Group currently has a consensus rating of “Buy” and a consensus target price of $229.29.
Shares of SVB Financial Group (NASDAQ SIVB) traded up $2.53 during midday trading on Wednesday, reaching $253.18. 346,867 shares of the company’s stock traded hands, compared to its average volume of 387,311. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59. SVB Financial Group has a 1 year low of $159.44 and a 1 year high of $254.10. The firm has a market cap of $13,220.00, a PE ratio of 28.45, a P/E/G ratio of 1.82 and a beta of 1.62.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.50. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The firm had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. During the same period in the prior year, the company posted $2.12 EPS. The company’s revenue was up 23.0% on a year-over-year basis.
In related news, insider Christopher Edmonds-Waters sold 3,630 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total transaction of $761,791.80. Following the transaction, the insider now directly owns 5,918 shares of the company’s stock, valued at $1,241,951.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kamran F. Husain sold 2,890 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $220.20, for a total transaction of $636,378.00. Following the transaction, the insider now directly owns 890 shares in the company, valued at $195,978. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,291 shares of company stock worth $4,558,918. 0.73% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its stake in shares of SVB Financial Group by 2.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 182,516 shares of the bank’s stock valued at $32,085,000 after buying an additional 4,395 shares in the last quarter. KBC Group NV bought a new position in shares of SVB Financial Group in the second quarter valued at $670,000. GAM Holding AG bought a new position in shares of SVB Financial Group in the second quarter valued at $384,000. Prudential Financial Inc. lifted its stake in shares of SVB Financial Group by 2.7% in the second quarter. Prudential Financial Inc. now owns 33,138 shares of the bank’s stock valued at $5,825,000 after buying an additional 861 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of SVB Financial Group by 1,128.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 104,385 shares of the bank’s stock valued at $18,350,000 after buying an additional 95,885 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.
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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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