SVB Financial Group (NASDAQ:SIVB) – Research analysts at Wedbush dropped their Q4 2021 EPS estimates for SVB Financial Group in a research report issued on Friday, September 17th. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings per share of $5.20 for the quarter, down from their prior forecast of $5.52. Wedbush currently has a “Outperform” rating and a $700.00 target price on the stock. Wedbush also issued estimates for SVB Financial Group’s Q1 2022 earnings at $5.80 EPS, Q2 2022 earnings at $6.07 EPS and FY2023 earnings at $34.75 EPS.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, July 22nd. The bank reported $9.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $6.48 by $2.61. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.14 billion. SVB Financial Group had a return on equity of 21.67% and a net margin of 35.74%. SVB Financial Group’s quarterly revenue was up 68.1% compared to the same quarter last year. During the same period last year, the company earned $4.42 EPS.
Shares of SIVB opened at $593.17 on Monday. The stock has a 50-day moving average of $572.55 and a two-hundred day moving average of $556.68. SVB Financial Group has a one year low of $221.55 and a one year high of $623.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $33.48 billion, a P/E ratio of 16.95, a P/E/G ratio of 2.39 and a beta of 2.04.
In related news, Director Garen K. Staglin acquired 500 shares of SVB Financial Group stock in a transaction dated Tuesday, July 13th. The shares were acquired at an average cost of $588.02 per share, for a total transaction of $294,010.00. Following the completion of the purchase, the director now owns 14,680 shares in the company, valued at $8,632,133.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Michelle Draper sold 172 shares of the stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $562.25, for a total value of $96,707.00. The disclosure for this sale can be found here. Insiders have sold 19,103 shares of company stock worth $11,139,859 over the last 90 days. 0.68% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Mark Sheptoff Financial Planning LLC purchased a new position in SVB Financial Group in the second quarter valued at $28,000. HHM Wealth Advisors LLC grew its holdings in shares of SVB Financial Group by 2,800.0% during the second quarter. HHM Wealth Advisors LLC now owns 58 shares of the bank’s stock worth $32,000 after purchasing an additional 56 shares during the last quarter. Logan Capital Management Inc. purchased a new position in shares of SVB Financial Group during the first quarter worth about $30,000. Trustcore Financial Services LLC grew its holdings in shares of SVB Financial Group by 33.3% during the second quarter. Trustcore Financial Services LLC now owns 80 shares of the bank’s stock worth $45,000 after purchasing an additional 20 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of SVB Financial Group by 28.4% during the first quarter. Quadrant Capital Group LLC now owns 86 shares of the bank’s stock worth $42,000 after purchasing an additional 19 shares during the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.
SVB Financial Group Company Profile
SVB Financial Group is a holding company, which engages in the provision of 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 comprises of results from the commercial bank, private equity division, SVB wine, SVB analytics, and debt fund investments.
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