SVB Financial Group (NASDAQ:SIVB) – Investment analysts at SunTrust Banks issued their FY2019 earnings estimates for shares of SVB Financial Group in a note issued to investors on Tuesday. SunTrust Banks analyst J. Demba expects that the bank will post earnings per share of $15.09 for the year. SunTrust Banks currently has a “Buy” rating and a $280.00 target price on the stock.
A number of other equities analysts have also recently weighed in on the stock. 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. ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Wells Fargo & Co restated 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. Barclays set a $217.00 price objective on shares of SVB Financial Group and gave the stock a “hold” rating in a research report on Monday, October 30th. Finally, Maxim Group reiterated a “buy” rating and issued a $250.00 target price (up from $220.00) on shares of SVB Financial Group in a research report on Monday, October 30th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $222.86.
SVB Financial Group (NASDAQ:SIVB) traded up $3.91 during trading hours on Wednesday, reaching $243.85. 402,879 shares of the company’s stock were exchanged, compared to its average volume of 465,575. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $12,534.89, a PE ratio of 27.37, a PEG ratio of 1.80 and a beta of 1.62. SVB Financial Group has a 52 week low of $159.44 and a 52 week high of $244.43.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.50. The company had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.12 earnings per share.
In other news, insider Gregory W. Becker sold 9,511 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $232.68, for a total value of $2,213,019.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kamran F. Husain sold 2,890 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $220.20, for a total transaction of $636,378.00. Following the completion of the transaction, the insider now directly owns 890 shares of the company’s stock, valued at approximately $195,978. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,291 shares of company stock valued at $4,558,918. 0.73% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Oakbrook Investments LLC boosted its stake in shares of SVB Financial Group by 84.3% in the third quarter. Oakbrook Investments LLC now owns 4,100 shares of the bank’s stock valued at $767,000 after purchasing an additional 1,875 shares during the period. Strs Ohio raised its holdings in SVB Financial Group by 4.3% in the third quarter. Strs Ohio now owns 407,764 shares of the bank’s stock valued at $76,288,000 after acquiring an additional 16,811 shares in the last quarter. Principal Financial Group Inc. raised its holdings in SVB Financial Group by 6.8% in the second quarter. Principal Financial Group Inc. now owns 223,271 shares of the bank’s stock valued at $39,249,000 after acquiring an additional 14,145 shares in the last quarter. Synovus Financial Corp raised its holdings in SVB Financial Group by 14.4% in the second quarter. Synovus Financial Corp now owns 7,139 shares of the bank’s stock valued at $1,253,000 after acquiring an additional 897 shares in the last quarter. Finally, Icon Advisers Inc. Co. raised its holdings in SVB Financial Group by 56.6% in the second quarter. Icon Advisers Inc. Co. now owns 42,880 shares of the bank’s stock valued at $7,538,000 after acquiring an additional 15,500 shares in the last quarter. 91.45% of the stock is 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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