SVB Financial Group (NASDAQ:SIVB) – Jefferies Financial Group lowered their FY2019 earnings per share estimates for SVB Financial Group in a research report issued on Tuesday, July 9th. Jefferies Financial Group analyst C. Haire now expects that the bank will post earnings per share of $19.95 for the year, down from their prior estimate of $20.45. Jefferies Financial Group also issued estimates for SVB Financial Group’s Q4 2019 earnings at $4.83 EPS and FY2020 earnings at $20.60 EPS.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, April 25th. The bank reported $5.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $0.71. The business had revenue of $793.26 million for the quarter, compared to analysts’ expectations of $744.49 million. SVB Financial Group had a return on equity of 20.83% and a net margin of 36.09%. During the same period in the previous year, the business posted $3.63 earnings per share.
SIVB has been the topic of a number of other reports. FIG Partners cut SVB Financial Group from an “outperform” rating to a “market perform” rating in a research report on Friday, April 26th. Raymond James cut First Midwest Bancorp to a “hold” rating in a research report on Monday, July 8th. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Gilead Sciences in a research report on Tuesday, July 2nd. Finally, Bank of America set a $275.00 price target on SVB Financial Group and gave the company a “buy” rating in a research report on Friday, April 26th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $288.28.
SIVB opened at $222.25 on Friday. The company has a market capitalization of $11.43 billion, a PE ratio of 12.19, a PEG ratio of 1.42 and a beta of 2.08. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.13. SVB Financial Group has a 1 year low of $177.70 and a 1 year high of $333.74. The company’s 50 day moving average price is $216.87.
Several institutional investors and hedge funds have recently modified their holdings of SIVB. LPL Financial LLC grew its holdings in SVB Financial Group by 34.5% during the 4th quarter. LPL Financial LLC now owns 4,730 shares of the bank’s stock worth $898,000 after acquiring an additional 1,212 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of SVB Financial Group by 26.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,861 shares of the bank’s stock worth $1,492,000 after buying an additional 1,647 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of SVB Financial Group by 12.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,780 shares of the bank’s stock worth $1,668,000 after buying an additional 980 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of SVB Financial Group by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 321,703 shares of the bank’s stock worth $61,101,000 after buying an additional 5,656 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its position in shares of SVB Financial Group by 3.6% during the 4th quarter. Natixis Advisors L.P. now owns 25,431 shares of the bank’s stock worth $4,829,000 after buying an additional 874 shares during the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Marc C. Cadieux sold 2,304 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $240.77, for a total transaction of $554,734.08. Following the transaction, the insider now owns 17,941 shares of the company’s stock, valued at $4,319,654.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Edmonds-Waters sold 204 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $256.01, for a total value of $52,226.04. Following the transaction, the insider now directly owns 3,494 shares in the company, valued at approximately $894,498.94. The disclosure for this sale can be found here. Insiders have sold 9,380 shares of company stock worth $2,258,430 in the last ninety days. 0.73% of the stock is currently owned by insiders.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.
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