SVB Financial Group (NASDAQ:SIVB) will be releasing its earnings data after the market closes on Thursday, January 25th. Analysts expect SVB Financial Group to post earnings of $2.45 per share for the quarter.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 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 quarter last year, the business earned $2.12 earnings per share. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, analysts expect SVB Financial Group to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.
Shares of SVB Financial Group (NASDAQ:SIVB) opened at $261.34 on Wednesday. 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 52 week low of $159.44 and a 52 week high of $262.87. The company has a market cap of $13,780.00, a PE ratio of 29.36, a P/E/G ratio of 1.74 and a beta of 1.62.
Several brokerages recently commented on SIVB. SunTrust Banks reiterated a “buy” rating and issued a $245.00 price objective on shares of SVB Financial Group in a research note on Friday, November 17th. Wells Fargo & Co reiterated an “outperform” rating and issued a $280.00 price objective (up previously from $240.00) on shares of SVB Financial Group in a research note on Tuesday, January 9th. Zacks Investment Research cut shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Morgan Stanley restated an “overweight” rating and set a $213.00 target price (up from $210.00) on shares of SVB Financial Group in a report on Wednesday, October 4th. Finally, Barclays set a $217.00 target price on shares of SVB Financial Group and gave the company a “hold” rating in a report on Monday, October 30th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $229.29.
In other SVB Financial Group news, Director Eric Benhamou sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $226.01, for a total transaction of $452,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory W. Becker sold 9,511 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $232.68, for a total transaction of $2,213,019.48. 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 90 days. 0.73% of the stock is currently owned by insiders.
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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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