Q4 2017 EPS Estimates for SVB Financial Group (SIVB) Cut by Jefferies Group

SVB Financial Group (NASDAQ:SIVB) – Analysts at Jefferies Group reduced their Q4 2017 earnings per share estimates for SVB Financial Group in a report released on Monday. Jefferies Group analyst C. Haire now expects that the bank will post earnings per share of $2.45 for the quarter, down from their previous estimate of $2.57. Jefferies Group also issued estimates for SVB Financial Group’s FY2018 earnings at $13.90 EPS and FY2019 earnings at $16.25 EPS.

SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $533.40 million for the quarter, compared to analysts’ expectations of $490.56 million. During the same quarter last year, the business earned $2.12 earnings per share. The business’s revenue was up 23.0% on a year-over-year basis.

SIVB has been the topic of several other research reports. SunTrust Banks restated a “buy” rating and issued a $245.00 target price on shares of SVB Financial Group in a report on Friday, November 17th. Wells Fargo & Co restated an “outperform” rating and issued a $280.00 target price (up previously from $240.00) on shares of SVB Financial Group in a report on Tuesday. Zacks Investment Research lowered SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $213.00 price target (up previously from $210.00) on shares of SVB Financial Group in a research note on Wednesday, October 4th. Finally, Barclays set a $217.00 price target on SVB Financial Group and gave the stock a “hold” rating in a research note on Monday, October 30th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $225.71.

SVB Financial Group (NASDAQ:SIVB) opened at $246.89 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.18. SVB Financial Group has a fifty-two week low of $159.44 and a fifty-two week high of $249.45. The stock has a market cap of $13,020.00, a P/E ratio of 27.74, a PEG ratio of 1.82 and a beta of 1.62.

In other news, insider Christopher Edmonds-Waters sold 3,630 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total transaction of $761,791.80. Following the completion of the transaction, the insider now directly owns 5,918 shares in the company, valued at $1,241,951.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Benhamou sold 2,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $226.01, for a total value of $452,020.00. The disclosure for this sale can be found here. Insiders have sold 20,291 shares of company stock valued at $4,558,918 in the last three months. Insiders own 0.73% of the company’s stock.

Several large investors have recently modified their holdings of the company. Oakbrook Investments LLC grew its stake in shares of SVB Financial Group by 84.3% during the 3rd quarter. Oakbrook Investments LLC now owns 4,100 shares of the bank’s stock valued at $767,000 after purchasing an additional 1,875 shares during the period. Strs Ohio lifted its position in shares of SVB Financial Group by 4.3% during the 3rd quarter. Strs Ohio now owns 407,764 shares of the bank’s stock valued at $76,288,000 after buying an additional 16,811 shares in the last quarter. Icon Advisers Inc. Co. lifted its position in shares of SVB Financial Group by 56.6% during the 2nd quarter. Icon Advisers Inc. Co. now owns 42,880 shares of the bank’s stock valued at $7,538,000 after buying an additional 15,500 shares in the last quarter. Clinton Group Inc. purchased a new position in shares of SVB Financial Group during the 2nd quarter valued at about $393,000. Finally, Nationwide Fund Advisors lifted its position in shares of SVB Financial Group by 1.2% during the 2nd quarter. Nationwide Fund Advisors now owns 118,787 shares of the bank’s stock valued at $20,882,000 after buying an additional 1,450 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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SVB Financial Group Company Profile

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.

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

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