Analysts predict SVB Financial Group (NASDAQ: SIVB) to report earnings of $ 6.35 per share
Wall Street analysts expect SVB Financial Group (NASDAQ: SIVB) to report earnings per share of $ 6.35 for the current quarter, Zacks Investment Research reports. Six analysts made estimates for SVB Financial Group earnings. The highest EPS estimate is $ 8.10 and the lowest is $ 5.41. SVB Financial Group reported earnings of $ 4.42 per share for the same quarter last year, indicating a positive year-over-year growth rate of 43.7%. The company is expected to publish its next results on Thursday, July 22.
On average, analysts predict that SVB Financial Group will report annual earnings of $ 28.81 per share for the current year, with EPS estimates ranging from $ 26.50 to $ 33.55. For the next fiscal year, analysts predict the company will report earnings of $ 27.01 per share, with EPS estimates ranging from $ 24.64 to $ 38.73. Zacks EPS Averages is an average based on a survey of research companies that cover SVB Financial Group.
SVB Financial Group (NASDAQ: SIVB) last reported its results on Thursday, April 22. The bank reported earnings per share of $ 10.03 for the quarter, beating the consensus estimate of $ 6.94 by $ 3.09. The company posted revenue of $ 1.40 billion in the quarter, compared to analysts’ expectations of $ 1.18 billion. SVB Financial Group achieved a return on equity of 20.13% and a net margin of 34.63%. SVB Financial Group’s quarterly turnover increased by 69.9% compared to the same quarter last year. During the same period of the previous year, the company posted EPS of $ 2.55.
Several equity research analysts have weighed on the company recently. Maxim Group increased its price target on SVB Financial Group from $ 600.00 to $ 700.00 in a report released on Monday April 26. Truist increased its price target on SVB Financial Group from $ 605.00 to $ 625.00 in a report released on Monday, April 26. Zacks Investment Research downgraded SVB Financial Group from a “strong buy” rating to a “hold” rating and set a target price of $ 547.00 for the company. in a report on Tuesday, March 23. Truist Securities raised its price target on SVB Financial Group from $ 605.00 to $ 625.00 in a report released on Monday April 26. Finally, Barclays raised its price target on SVB Financial Group from $ 550.00 to $ 575.00 and gave the company an “equal weight” rating in a research report published on Friday, April 23. Six research analysts rated the stock with a conservation rating and eight gave the company a buy rating. SVB Financial Group currently has a consensus rating of “Buy” and a consensus price target of $ 566.60.
SIVB shares opened at $ 545.38 on Friday. The stock has a market cap of $ 29.62 billion, a PE ratio of 17.99, a PEG ratio of 2.44 and a beta of 2.06. SVB Financial Group has a one year minimum of $ 199.70 and a one year maximum of $ 608.84. The company’s 50-day moving average is $ 561.94. The company has a debt ratio of 0.15, a current ratio of 0.59, and a rapid ratio of 0.59.
In other news, insider Christopher Edmonds-Waters sold 127 shares in a trade that took place on Monday, May 24. The stock was sold for an average price of $ 574.27, for a total value of $ 72,932.29. After the transaction closes, the insider now owns 2,827 shares of the company, valued at approximately $ 1,623,461.29. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through this link. In addition, insider Michael Descheneaux sold 4,012 shares in a trade that took place on Monday, June 14. The stock was sold for an average price of $ 557.13, for a total value of $ 2,235,205.56. Following the closing of the transaction, the insider now directly owns 20,680 shares of the company, valued at approximately $ 11,521,448.40. Disclosure of this sale can be found here. Insiders have sold a total of 9,337 shares of the company valued at $ 5,404,025 in the past three months. Company insiders own 0.68% of the company’s shares.
Several institutional investors have recently bought and sold shares. BlackRock Inc. increased its stake in SVB Financial Group shares by 3.6% in the 1st quarter. BlackRock Inc. now owns 4,404,343 shares of the bank valued at $ 2,174,247,000 after purchasing an additional 151,778 shares during the last quarter. Capital International Investors increased its stake in SVB Financial Group shares by 0.5% in the first quarter. Capital International Investors now owns 1,969,463 shares of the bank valued at $ 972,245,000 after purchasing an additional 10,747 shares in the last quarter. Royal Bank of Canada increased its stake in SVB Financial Group shares by 3.6% in the first quarter. Royal Bank of Canada now owns 1,699,232 bank shares valued at $ 838,842,000 after purchasing an additional 59,569 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt increased its stake in the shares of SVB Financial Group by 4.2% in the 1st quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,236,500 shares of the bank valued at $ 610,411,000 after purchasing an additional 50,000 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in SVB Financial Group shares by 436.3% in the first quarter. JPMorgan Chase & Co. now owns 1,193,040 shares of the bank valued at $ 588,958,000 after purchasing an additional 970,591 shares during the last quarter. Institutional investors hold 90.00% of the shares of the company.
About SVB Financial Group
SVB Financial Group, a diversified financial services company, offers a variety of banking and financial products and services. The company operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital and SVB Leerink. The Global Commercial Bank segment offers deposit products, such as business verification and analysis, money market, multi-currency accounts, in-country banking and scanning accounts, as well as merchant, remote capture, post office box, e-deposit capture and fraud control; credit solutions comprising term loans, equipment and asset loans, revolving lines of credit and credit card programs, as well as mezzanine loans, acquisition finance and working capital facilities ‘business ; and payment and cash management products and services, including wire transfers and automated clearing house payments, bill payments, debit and credit cards, account analysis and disbursements, as well as online and mobile banking.
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