Stock analysts predict SVB Financial Group (NASDAQ: SIVB) to post sales of $ 1.44 billion for the current quarter, according to Zack. Six analysts have released earnings estimates for SVB Financial Group, with the highest revenue estimate at $ 1.56 billion and the lowest estimate at $ 1.35 billion. SVB Financial Group reported revenue of $ 1.21 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 19%. The company is expected to release its next quarterly results on Thursday, January 20.
On average, analysts expect SVB Financial Group to report annual revenue of $ 5.88 billion for the current fiscal year, with estimates ranging from $ 5.79 billion to $ 6.00 billion. billions of dollars. For the next fiscal year, analysts expect the company to post sales of $ 6.51 billion, with estimates ranging from $ 6.17 billion to $ 7.04 billion. Zacks’ sales calculations are an average based on a survey of seller-side research analysts who cover SVB Financial Group.
SVB Financial Group (NASDAQ: SIVB) last reported its results on Wednesday, October 20. The bank reported earnings per share of $ 6.24 for the quarter, beating the consensus estimate of $ 5.04 by $ 1.20. The company posted revenue of $ 1.53 billion in the quarter, against analysts’ expectations of $ 1.31 billion. SVB Financial Group achieved a return on equity of 18.95% and a net margin of 31.79%. In the same quarter of the previous year, the company made a profit of $ 8.47 per share.
A number of brokerage firms have weighed in on SIVB. Morgan Stanley downgraded SVB Financial Group from “on par” to “overweight” rating and raised its price target for the company from $ 775.00 to $ 985.00 in a research note on Monday December 6. The Royal Bank of Canada reiterated an “outperformance” rating and issued a price target of $ 780.00 (vs. $ 743.00 previously) on SVB Financial Group shares in a research note on Friday October 22. Truist increased its price target on SVB Financial Group from $ 700.00 to $ 850.00 and gave the company a âbuyâ rating in a research note on Monday, October 25. Stephens increased its price target on SVB Financial Group from $ 700.00 to $ 790.00 and gave the company an “equal weight” rating in a research note on Thursday, October 28. Finally, Keefe, Bruyette & Woods downgraded SVB Financial Group from a “market performance” rating to an “outperformance” rating and set a target price of $ 700.00 for the stock in a report released on Tuesday, September 7. One investment analyst rated the stock with a sell rating, four assigned a conservation rating, and fourteen assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of âBuyâ and a consensus target price of $ 769.95.
In related news, the insider Michel Descheneaux sold 2,200 shares in a transaction dated Tuesday, November 9. The stock was sold at an average price of $ 736.09, for a total trade of $ 1,619,398.00. The transaction was disclosed in a file with the SEC, which can be accessed through the SEC website. In addition, insider Laura Izurieta sold 6,062 shares in a transaction dated Monday, December 6. The stock was sold for an average price of $ 688.94, for a total value of $ 4,176,354.28. Disclosure of this sale can be found here. During the last quarter, insiders sold 21,620 shares of the company valued at $ 15,133,863. 0.68% of the shares are held by company insiders.
A number of large investors have recently changed their positions in SIVB. JPMorgan Chase & Co. increased its stake in SVB Financial Group by 103.6% during the second quarter. JPMorgan Chase & Co. now owns 2,428,967 shares of the bank valued at $ 1,351,549,000 after acquiring an additional 1,235,927 shares in the last quarter. BlackRock Inc. increased its stake in SVB Financial Group by 9.5% during the third quarter. BlackRock Inc. now owns 5,059,688 shares of the bank valued at $ 3,273,011,000 after acquiring an additional 439,970 shares during the last quarter. Invesco Ltd. increased its stake in SVB Financial Group by 42.9% during the third quarter. Invesco Ltd. now owns 1,238,752 shares of the bank valued at $ 801,323,000 after acquiring 372,184 additional shares during the last quarter. Amundi acquired a new stake in the shares of SVB Financial Group in the second quarter for a value of approximately $ 199,823,000. Finally, Macquarie Group Ltd. increased its stake in SVB Financial Group shares by 1,057.8% in the second quarter. Macquarie Group Ltd. now owns 349,276 shares of the bank valued at $ 194,347,000 after purchasing an additional 319,110 shares last quarter. Institutional investors hold 86.77% of the shares of the company.
SIVB stock opened at $ 703.92 on Friday. The company has a 50-day moving average price of $ 714.23 and a 200-day moving average price of $ 625.56. The stock has a market cap of $ 41.31 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.69 and a beta of 1.90. SVB Financial Group has a minimum of $ 348.36 over 52 weeks and a maximum of $ 763.22 over 52 weeks. The company has a quick ratio of 0.48, a current ratio of 0.48, and a debt ratio of 0.15.
About SVB Financial Group
SVB Financial Group is a holding company providing banking and financial services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, SVB Capital and SVB Leerink. The Global Commercial Bank segment includes results from Commercial Banking, Private Equity Division, SVB Wine, SVB Analysis and Debt Fund Investments.
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