SVB Financial Group (NASDAQ:SIVB) – Stock analysts at SunTrust Banks issued their FY2019 earnings per share estimates for shares of SVB Financial Group in a report released on Tuesday, according to Zacks Investment Research. SunTrust Banks analyst J. Demba anticipates that the bank will earn $15.09 per share for the year. SunTrust Banks has a “Buy” rating and a $280.00 price objective on the stock.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $490.56 million. During the same quarter last year, the company earned $2.12 EPS. The company’s quarterly revenue was up 23.0% on a year-over-year basis.
A number of other brokerages also recently commented on SIVB. Maxim Group reiterated a “buy” rating and issued a $300.00 price objective (up previously from $250.00) on shares of SVB Financial Group in a research report on Wednesday. ValuEngine downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a research 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 target price for the company in a report on Wednesday, December 27th. Barclays increased their target price on SVB Financial Group from $217.00 to $251.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $240.00 target price (up from $215.00) on shares of SVB Financial Group in a report on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $229.29.
Shares of SVB Financial Group (SIVB) traded up $2.53 during mid-day trading on Wednesday, hitting $253.18. The company’s stock had a trading volume of 346,867 shares, compared to its average volume of 387,311. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.59 and a quick ratio of 0.59. SVB Financial Group has a 52 week low of $159.44 and a 52 week high of $254.10. The company has a market cap of $13,220.00, a P/E ratio of 28.45, a P/E/G ratio of 1.82 and a beta of 1.62.
In related news, insider Christopher Edmonds-Waters sold 3,630 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total transaction of $761,791.80. Following the completion of the sale, the insider now directly owns 5,918 shares of the company’s stock, valued at approximately $1,241,951.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc C. Cadieux sold 2,260 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $219.34, for a total value of $495,708.40. Following the completion of the transaction, the insider now owns 15,971 shares in the company, valued at $3,503,079.14. The disclosure for this sale can be found here. Insiders have sold a total of 20,291 shares of company stock valued at $4,558,918 over the last ninety days. Insiders own 0.73% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Oakbrook Investments LLC boosted its position in SVB Financial Group by 84.3% in the 3rd quarter. Oakbrook Investments LLC now owns 4,100 shares of the bank’s stock valued at $767,000 after buying an additional 1,875 shares during the last quarter. Strs Ohio boosted its position in SVB Financial Group by 4.3% in the 3rd quarter. Strs Ohio now owns 407,764 shares of the bank’s stock valued at $76,288,000 after buying an additional 16,811 shares during the last quarter. Principal Financial Group Inc. boosted its position in SVB Financial Group by 6.8% in the 2nd quarter. Principal Financial Group Inc. now owns 223,271 shares of the bank’s stock valued at $39,249,000 after buying an additional 14,145 shares during the last quarter. Synovus Financial Corp boosted its position in SVB Financial Group by 14.4% in the 2nd quarter. Synovus Financial Corp now owns 7,139 shares of the bank’s stock valued at $1,253,000 after buying an additional 897 shares during the last quarter. Finally, Icon Advisers Inc. Co. boosted its position in SVB Financial Group by 56.6% in the 2nd quarter. Icon Advisers Inc. Co. now owns 42,880 shares of the bank’s stock valued at $7,538,000 after buying an additional 15,500 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.
SVB Financial Group Company Profile
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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