Analysts expect SVB Financial Group (NASDAQ: SIVB) to report $ 1.43 billion in revenue for the current quarter, according to Zacks. Seven analysts estimated SVB Financial Group earnings, with the highest revenue estimate at $ 1.56 billion and the lowest estimate at $ 1.35 billion. SVB Financial Group reported sales of $ 1.21 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 18.2%. The company is expected to release its next quarterly results on Thursday, January 20.
Zacks says analysts expect SVB Financial Group to report annual revenue of $ 5.87 billion for the current fiscal year, with estimates ranging from $ 5.79 billion to $ 6.00 billions of dollars. For the next fiscal year, analysts predict the company will post sales of $ 6.51 billion, with estimates ranging from $ 6.17 billion to $ 7.04 billion. Zacks’ sales calculations are an average based on a survey of analysts who follow SVB Financial Group.
SVB Financial Group (NASDAQ: SIVB) last released its quarterly earnings data on Wednesday, October 20. The bank reported EPS of $ 6.24 for the quarter, beating analyst consensus estimates of $ 5.04 by $ 1.20. SVB Financial Group achieved a return on equity of 18.95% and a net margin of 31.79%. The company reported $ 1.53 billion in revenue in the quarter, compared to analysts’ estimates of $ 1.31 billion. During the same period of the previous year, the company posted EPS of $ 8.47.
Several research firms have recently published reports on the SIVB. Keefe, Bruyette & Woods upgraded SVB Financial Group shares from a “market performance” rating to an “outperformance” rating and set a target price of $ 700.00 for the company in a report released on Tuesday. September 7. Morgan Stanley Upgraded SVB Financial Group Shares From ‘On Equity’ To ‘Overweight’ Rating And Raised Its Share Price Target From $ 775.00 To $ 985.00 In Released Report Monday, December 6. Raymond James raised his price target on SVB Financial Group shares from $ 820.00 to $ 830.00 and rated the stock as “outperforming” in a report released Thursday, November 18. Wedbush increased its price target on SVB Financial Group shares from $ 775.00 to $ 800.00 and rated the stock as “outperforming” in a report released on Friday, October 22. Finally, Stephens raised his target price on SVB Financial Group shares from $ 700.00 to $ 790.00 and gave the stock an “equal weight” rating in a report released on Thursday, October 28. One research analyst rated the stock with a sell rating, four assigned a conservation rating, and fourteen issued a buy rating for the company’s stock. According to MarketBeat.com, SVB Financial Group currently has an average rating of “Buy” and an average price target of $ 769.95.
Separately, insider Philip C. Cox sold 136 shares of the company in a trade on Friday, November 26. The shares were sold at an average price of $ 715.35, for a total trade of $ 97,287.60. The sale was disclosed in a file with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, CMO Michelle draper sold 172 shares of the company in a trade on Wednesday, December 1. The shares were sold at an average price of $ 702.49, for a total trade of $ 120,828.28. Disclosure of this sale can be found here. In the past three months, insiders have sold 22,620 shares of the company valued at $ 15,808,653. Insiders own 0.68% of the company’s shares.
Institutional investors and hedge funds have recently increased or reduced their holdings in the stock. Mark Sheptoff Financial Planning LLC purchased a new position in shares of SVB Financial Group during the 2nd quarter valued at $ 28,000. West Oak Capital LLC raised its stake in SVB Financial Group shares to 114.3% during the 3rd quarter. West Oak Capital LLC now owns 75 shares of the bank valued at $ 49,000 after purchasing 40 more shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of SVB Financial Group during the 3rd quarter valued at $ 52,000. First Horizon Advisors Inc. increased its stake in shares of SVB Financial Group by 987.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 87 shares of the bank valued at $ 25,000 after buying 79 more shares in the last quarter. Finally, Field & Main Bank increased its stake in SVB Financial Group shares by 300.0% during the 3rd quarter. Field & Main Bank now owns 100 shares of the bank valued at $ 65,000 after purchasing an additional 75 shares in the last quarter. Institutional investors hold 86.77% of the shares of the company.
SIVB shares opened at $ 678.24 on Friday. The company has a debt to equity ratio of 0.15, a current ratio of 0.48, and a rapid ratio of 0.48. SVB Financial Group has a one-year minimum of $ 376.40 and a one-year maximum of $ 763.22. The company has a 50-day simple moving average of $ 711.97 and a two-hundred-day simple moving average of $ 635.37. The company has a market cap of $ 39.80 billion, a PE ratio of 20.70, a price / earnings-growth ratio of 2.58, and a beta of 1.90.
About SVB Financial Group
SVB Financial Group is a holding company providing banking and financial services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, SVB Capital and SVB Leerink. The Global Commercial Bank segment includes results from Commercial Banking, Private Equity Division, SVB Wine, SVB Analysis and Debt Fund Investments.
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