SVB Financial Group (SIVB) Expected to Post Quarterly Sales of $694.28 Million

Equities analysts predict that SVB Financial Group (NASDAQ:SIVB) will post sales of $694.28 million for the current quarter, according to Zacks. Seven analysts have made estimates for SVB Financial Group’s earnings. The lowest sales estimate is $667.17 million and the highest is $706.10 million. SVB Financial Group reported sales of $545.97 million in the same quarter last year, which indicates a positive year over year growth rate of 27.2%. The company is scheduled to announce its next quarterly earnings report on Thursday, January 24th.

On average, 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 financial year, analysts forecast that the business will post sales of $3.04 billion, with estimates ranging from $2.96 billion to $3.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for SVB Financial Group.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, October 25th. The bank reported $5.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.44 by $0.66. The business had revenue of $703.29 million during the quarter, compared to analysts’ expectations of $664.51 million. SVB Financial Group had a return on equity of 16.47% and a net margin of 29.56%.

Several analysts recently weighed in on the company. Barclays dropped their price target on SVB Financial Group from $357.00 to $330.00 and set an “equal weight” rating for the company in a report on Friday. Zacks Investment Research lowered SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Royal Bank of Canada set a $330.00 price objective on SVB Financial Group and gave the stock a “buy” rating in a research note on Friday. BidaskClub lowered SVB Financial Group from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, Piper Jaffray Companies restated a “buy” rating and set a $384.00 price objective on shares of SVB Financial Group in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $353.67.

In other news, insider Gregory W. Becker sold 7,000 shares of SVB Financial Group stock in a transaction on Monday, August 6th. The stock was sold at an average price of $325.40, for a total value of $2,277,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gregory W. Becker sold 12,872 shares of SVB Financial Group stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $310.97, for a total value of $4,002,805.84. Following the completion of the transaction, the insider now owns 18,039 shares in the company, valued at approximately $5,609,587.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,372 shares of company stock worth $6,442,641. Corporate insiders own 0.74% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Security National Trust Co. bought a new position in shares of SVB Financial Group in the 2nd quarter valued at $116,000. Signaturefd LLC boosted its holdings in shares of SVB Financial Group by 341.2% during the 2nd quarter. Signaturefd LLC now owns 503 shares of the bank’s stock valued at $145,000 after acquiring an additional 389 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of SVB Financial Group during the 2nd quarter valued at $167,000. Piedmont Investment Advisors LLC acquired a new stake in shares of SVB Financial Group during the 2nd quarter valued at $175,000. Finally, Private Capital Group LLC boosted its holdings in shares of SVB Financial Group by 145.0% during the 1st quarter. Private Capital Group LLC now owns 735 shares of the bank’s stock valued at $176,000 after acquiring an additional 435 shares in the last quarter. Institutional investors own 88.62% of the company’s stock.

NASDAQ:SIVB traded down $32.13 during mid-day trading on Friday, hitting $231.79. 2,448,085 shares of the stock were exchanged, compared to its average volume of 550,222. The stock has a market cap of $14.74 billion, a P/E ratio of 23.39, a PEG ratio of 1.45 and a beta of 1.48. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14. SVB Financial Group has a fifty-two week low of $204.32 and a fifty-two week high of $333.74.

About SVB Financial Group

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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