SVB Financial Group (SIVB) Expected to Announce Earnings of $4.44 Per Share

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Equities analysts expect SVB Financial Group (NASDAQ:SIVB) to post $4.44 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for SVB Financial Group’s earnings, with estimates ranging from $4.25 to $4.66. SVB Financial Group reported earnings per share of $2.79 in the same quarter last year, which would suggest a positive year over year growth rate of 59.1%. The company is expected to report its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that SVB Financial Group will report full year earnings of $17.29 per share for the current financial year, with EPS estimates ranging from $16.85 to $18.01. For the next year, analysts anticipate that the firm will report earnings of $20.71 per share, with EPS estimates ranging from $18.48 to $22.82. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for SVB Financial Group.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, July 26th. The bank reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $3.86 by $0.56. SVB Financial Group had a return on equity of 16.47% and a net margin of 29.56%. The firm had revenue of $659.10 million for the quarter, compared to analysts’ expectations of $612.75 million. During the same period in the prior year, the firm posted $2.32 earnings per share. The company’s quarterly revenue was up 39.9% on a year-over-year basis.

SIVB has been the topic of a number of recent research reports. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $339.00 target price on the stock in a research note on Tuesday, July 17th. Stephens reissued a “buy” rating and issued a $350.00 target price on shares of SVB Financial Group in a research note on Friday, July 13th. BidaskClub cut SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 30th. Piper Jaffray Companies reissued a “buy” rating and issued a $384.00 target price on shares of SVB Financial Group in a research note on Friday, July 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $370.00 target price on shares of SVB Financial Group in a research note on Friday, July 27th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. SVB Financial Group presently has an average rating of “Buy” and an average target price of $354.06.

In related news, insider Gregory W. Becker sold 12,872 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $310.97, for a total transaction of $4,002,805.84. Following the sale, the insider now directly owns 18,039 shares of the company’s stock, valued at $5,609,587.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John F. Robinson sold 500 shares of the stock in a transaction on Tuesday, July 10th. The shares were sold at an average price of $304.25, for a total value of $152,125.00. Following the sale, the director now directly owns 5,517 shares in the company, valued at $1,678,547.25. The disclosure for this sale can be found here. Insiders have sold 20,872 shares of company stock worth $6,594,766 over the last ninety days. 0.74% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in SVB Financial Group by 46.5% in the first quarter. Wells Fargo & Company MN now owns 125,985 shares of the bank’s stock valued at $30,237,000 after acquiring an additional 39,976 shares during the period. Mackay Shields LLC bought a new position in SVB Financial Group in the first quarter valued at about $2,127,000. Robeco Institutional Asset Management B.V. lifted its holdings in SVB Financial Group by 27.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 31,937 shares of the bank’s stock valued at $7,664,000 after acquiring an additional 6,937 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in SVB Financial Group by 46.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 293,725 shares of the bank’s stock valued at $70,497,000 after acquiring an additional 93,500 shares during the period. Finally, Engineers Gate Manager LP bought a new position in SVB Financial Group in the first quarter valued at about $1,082,000. 88.87% of the stock is currently owned by institutional investors.

Shares of NASDAQ SIVB traded up $4.48 during trading on Thursday, reaching $319.29. The company had a trading volume of 330,373 shares, compared to its average volume of 335,111. SVB Financial Group has a 12-month low of $167.99 and a 12-month high of $333.74. The stock has a market cap of $16.89 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.67 and a beta of 1.47. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its 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 card account analysis, and disbursement, as well as online and mobile banking services.

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Earnings History and Estimates for SVB Financial Group (NASDAQ:SIVB)

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