SVB Financial Group (NASDAQ:SIVB) – Analysts at Wedbush lifted their Q4 2017 earnings estimates for shares of SVB Financial Group in a research report issued on Friday. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $2.68 per share for the quarter, up from their prior forecast of $2.45.
Several other analysts have also issued reports on SIVB. Zacks Investment Research upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $197.00 target price for the company in a research note on Tuesday, July 4th. Barclays PLC reiterated an “equal weight” rating and issued a $191.00 target price (up previously from $188.00) on shares of SVB Financial Group in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $195.00 target price on shares of SVB Financial Group in a research note on Friday, July 14th. Piper Jaffray Companies reiterated a “buy” rating and issued a $212.00 target price on shares of SVB Financial Group in a research note on Friday, July 14th. Finally, BidaskClub lowered shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $211.83.
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Shares of SVB Financial Group (SIVB) traded down 0.61% on Monday, hitting $217.95. 236,090 shares of the stock were exchanged. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 26.49 and a beta of 1.63. SVB Financial Group has a 1-year low of $116.59 and a 1-year high of $223.82. The stock’s 50-day moving average is $185.89 and its 200-day moving average is $179.46.
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 analysts’ consensus estimates 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 company had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. During the same quarter last year, the firm posted $2.12 EPS. The company’s quarterly revenue was up 23.0% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the company. BDO Wealth Advisors LLC purchased a new stake in shares of SVB Financial Group in the second quarter worth about $109,000. Exane Derivatives purchased a new stake in shares of SVB Financial Group in the second quarter worth about $119,000. Peddock Capital Advisors LLC purchased a new stake in shares of SVB Financial Group in the second quarter worth about $130,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of SVB Financial Group by 79.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 774 shares of the bank’s stock worth $136,000 after buying an additional 343 shares in the last quarter. Finally, Global X Management Co. LLC lifted its holdings in shares of SVB Financial Group by 58.6% in the second quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock worth $137,000 after buying an additional 289 shares in the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Eric Benhamou sold 2,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $172.01, for a total value of $344,020.00. Following the sale, the director now directly owns 6,672 shares of the company’s stock, valued at $1,147,650.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.73% of the company’s stock.
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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