Wedbush Weighs in on SVB Financial Group’s Q3 2019 Earnings (NASDAQ:SIVB)

SVB Financial Group (NASDAQ:SIVB) – Analysts at Wedbush issued their Q3 2019 earnings estimates for SVB Financial Group in a research report issued on Friday, according to Zacks Investment Research. Wedbush analyst D. Chiaverini anticipates that the bank will post earnings per share of $3.76 for the quarter. Wedbush also issued estimates for SVB Financial Group’s Q4 2019 earnings at $3.94 EPS.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). The firm had revenue of $545.97 million during the quarter, compared to analysts’ expectations of $523.45 million. SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. During the same quarter last year, the company posted $1.89 earnings per share.

Several other research analysts have also weighed in on the stock. SunTrust Banks increased their price objective on shares of SVB Financial Group to $300.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Stephens reiterated a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Jefferies Group reiterated a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Barclays reiterated a “hold” rating and set a $273.00 price objective on shares of SVB Financial Group in a report on Sunday, January 28th. Finally, FIG Partners lowered shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $239.92.

SVB Financial Group (NASDAQ:SIVB) opened at $247.49 on Monday. The stock has a market cap of $12,651.39, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.57 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. SVB Financial Group has a 1-year low of $159.44 and a 1-year high of $263.09.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank raised its holdings in SVB Financial Group by 525.6% in the second quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock valued at $137,000 after buying an additional 657 shares during the period. Green Square Capital LLC purchased a new position in SVB Financial Group in the third quarter valued at approximately $206,000. Lourd Capital LLC purchased a new position in SVB Financial Group in the fourth quarter valued at approximately $207,000. IPG Investment Advisors LLC purchased a new position in SVB Financial Group in the fourth quarter valued at approximately $213,000. Finally, Pinnacle Financial Partners Inc. purchased a new position in SVB Financial Group in the fourth quarter valued at approximately $214,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

In related news, Director Eric Benhamou sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $226.01, for a total value of $452,020.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gregory W. Becker sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $243.49, for a total transaction of $1,095,705.00. The disclosure for this sale can be found here. Insiders sold 17,186 shares of company stock worth $4,057,749 in the last 90 days. 0.73% of the stock is currently owned by insiders.

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About SVB Financial Group

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.

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Earnings History and Estimates for SVB Financial Group (NASDAQ:SIVB)

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