Equities Analysts Set Expectations for SVB Financial Group’s Q4 2017 Earnings (SIVB)
SVB Financial Group (NASDAQ:SIVB) – Investment analysts at Jefferies Group boosted their Q4 2017 earnings per share (EPS) estimates for SVB Financial Group in a research report issued to clients and investors on Friday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings per share of $2.57 for the quarter, up from their prior estimate of $2.34. Jefferies Group has a “Buy” rating and a $216.00 price target on the stock.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 EPS for the quarter, beating the Zacks’ 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 company had revenue of $533.40 million for the quarter, compared to analyst estimates of $490.56 million. During the same period in the prior year, the firm posted $2.12 EPS. The company’s quarterly revenue was up 23.0% on a year-over-year basis.
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A number of other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $247.00 target price on the stock in a report on Tuesday. Barclays PLC set a $217.00 target price on SVB Financial Group and gave the stock a “hold” rating in a research report on Monday. Maxim Group reissued a “buy” rating and issued a $250.00 target price (up previously from $220.00) on shares of SVB Financial Group in a research report on Monday. Morgan Stanley reaffirmed an “overweight” rating and set a $213.00 price target (up previously from $210.00) on shares of SVB Financial Group in a research report on Wednesday, October 4th. Finally, ValuEngine lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $211.83.
Shares of SVB Financial Group (NASDAQ:SIVB) traded down 0.61% on Monday, reaching $217.95. 236,090 shares of the company traded hands. The stock’s 50 day moving average price is $185.89 and its 200-day moving average price is $179.46. SVB Financial Group has a one year low of $116.59 and a one year high of $223.82. The stock has a market capitalization of $11.48 billion, a P/E ratio of 26.49 and a beta of 1.63.
In related news, Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $172.01, for a total transaction of $344,020.00. Following the completion of the transaction, the director now directly owns 6,672 shares in the company, valued at $1,147,650.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.
Several institutional investors have recently bought and sold shares of SIVB. BlackRock Inc. increased its position in shares of SVB Financial Group by 16.5% during the second quarter. BlackRock Inc. now owns 5,287,595 shares of the bank’s stock worth $929,507,000 after purchasing an additional 748,591 shares in the last quarter. Vanguard Group Inc. boosted its stake in SVB Financial Group by 4.1% during the second quarter. Vanguard Group Inc. now owns 4,376,567 shares of the bank’s stock worth $769,356,000 after buying an additional 170,941 shares during the last quarter. State Street Corp boosted its stake in SVB Financial Group by 13.5% during the second quarter. State Street Corp now owns 2,433,130 shares of the bank’s stock worth $427,721,000 after buying an additional 288,697 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in SVB Financial Group by 41.9% during the second quarter. JPMorgan Chase & Co. now owns 2,134,833 shares of the bank’s stock worth $375,282,000 after buying an additional 629,917 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in SVB Financial Group by 2.2% during the second quarter. Capital Research Global Investors now owns 2,106,730 shares of the bank’s stock worth $370,342,000 after buying an additional 45,620 shares during the last quarter. Institutional investors and hedge funds own 92.08% 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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