Wall Street brokerages expect SVB Financial Group (NASDAQ:SIVB) to post sales of $664.11 million for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for SVB Financial Group’s earnings, with the highest sales estimate coming in at $679.00 million and the lowest estimate coming in at $639.07 million. SVB Financial Group reported sales of $532.75 million during the same quarter last year, which indicates a positive year-over-year growth rate of 24.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 25th.

According to Zacks, analysts expect that SVB Financial Group will report full-year sales of $2.58 billion for the current year, with estimates ranging from $2.43 billion to $2.62 billion. For the next year, analysts anticipate that the firm will post sales of $3.03 billion per share, with estimates ranging from $2.95 billion to $3.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow SVB Financial Group.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, July 26th. The bank reported $4.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.86 by $0.56. The firm had revenue of $659.10 million for the quarter, compared to analyst estimates of $612.75 million. SVB Financial Group had a net margin of 29.56% and a return on equity of 16.47%. The company’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.32 EPS.

Several brokerages have recently commented on SIVB. Zacks Investment Research lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. BidaskClub lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Piper Jaffray Companies restated a “buy” rating and set a $384.00 price target on shares of SVB Financial Group in a research note on Friday, July 27th. Wells Fargo & Co increased their price target on shares of SVB Financial Group from $335.00 to $345.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Finally, Jefferies Financial Group restated a “buy” rating and set a $360.00 price target on shares of SVB Financial Group in a research note on Friday, July 27th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $352.94.

SVB Financial Group stock traded down $0.65 during trading hours on Friday, hitting $320.76. The company had a trading volume of 209,500 shares, compared to its average volume of 561,319. The firm has a market cap of $16.86 billion, a PE ratio of 32.43, a P/E/G ratio of 1.68 and a beta of 1.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.60. SVB Financial Group has a fifty-two week low of $159.44 and a fifty-two week high of $333.74.

In related news, insider Gregory W. Becker sold 7,000 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $325.40, for a total transaction of $2,277,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gregory W. Becker sold 12,872 shares of the company’s 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,109 shares of company stock valued at $6,664,724. 0.74% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SIVB. Bank of New York Mellon Corp boosted its holdings in shares of SVB Financial Group by 56.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,306,038 shares of the bank’s stock worth $377,130,000 after buying an additional 471,329 shares during the period. Millennium Management LLC boosted its holdings in shares of SVB Financial Group by 93.1% during the 2nd quarter. Millennium Management LLC now owns 770,940 shares of the bank’s stock worth $222,617,000 after buying an additional 371,684 shares during the period. Bank of Montreal Can bought a new stake in shares of SVB Financial Group during the 2nd quarter worth $96,584,000. Guggenheim Capital LLC boosted its holdings in shares of SVB Financial Group by 566.7% during the 1st quarter. Guggenheim Capital LLC now owns 220,949 shares of the bank’s stock worth $53,029,000 after buying an additional 187,808 shares during the period. Finally, Atlantic Trust Group LLC bought a new stake in shares of SVB Financial Group during the 1st quarter worth $38,938,000. 90.56% of the stock is owned by institutional investors and hedge funds.

SVB Financial Group Company Profile

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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