SVB Financial Group (SIVB) Scheduled to Post Earnings on Thursday

SVB Financial Group (NASDAQ:SIVB) is set to post its quarterly earnings results after the market closes on Thursday, January 25th. Analysts expect SVB Financial Group to post earnings of $2.45 per share for the quarter.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.50. The firm had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.12 earnings per share. On average, analysts expect SVB Financial Group to post $9 EPS for the current fiscal year and $13 EPS for the next fiscal year.

SVB Financial Group (NASDAQ SIVB) opened at $254.62 on Thursday. The stock has a market cap of $13,430.00, a P/E ratio of 28.61, a P/E/G ratio of 1.73 and a beta of 1.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59. SVB Financial Group has a 1-year low of $159.44 and a 1-year high of $257.24.

SIVB has been the subject of several research analyst reports. Maxim Group reiterated a “buy” rating and issued a $300.00 price target (up previously from $250.00) on shares of SVB Financial Group in a report on Wednesday, January 10th. ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Barclays upped their price target on shares of SVB Financial Group from $217.00 to $251.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Wells Fargo & Co reiterated an “outperform” rating and issued a $280.00 price target (up previously from $240.00) on shares of SVB Financial Group in a report on Tuesday, January 9th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $280.00 price target on shares of SVB Financial Group in a report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. SVB Financial Group currently has a consensus rating of “Buy” and a consensus target price of $229.29.

In other news, Director Eric Benhamou sold 2,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $226.01, for a total value of $452,020.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gregory W. Becker sold 9,511 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $232.68, for a total transaction of $2,213,019.48. The disclosure for this sale can be found here. Insiders sold 20,291 shares of company stock valued at $4,558,918 in the last quarter. Corporate insiders own 0.73% of the company’s stock.

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SVB Financial Group Company Profile

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.

Earnings History for SVB Financial Group (NASDAQ:SIVB)

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