Analysts predict that SVB Financial Group (NASDAQ:SIVB) will announce $742.86 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for SVB Financial Group’s earnings. The highest sales estimate is $756.50 million and the lowest is $721.00 million. SVB Financial Group posted sales of $575.38 million in the same quarter last year, which would indicate a positive year over year growth rate of 29.1%. The firm is scheduled to announce its next earnings report on Thursday, April 25th.
According to Zacks, analysts expect that SVB Financial Group will report full year sales of $3.23 billion for the current fiscal year, with estimates ranging from $3.12 billion to $3.35 billion. For the next financial year, analysts expect that the firm will report sales of $3.58 billion, with estimates ranging from $3.37 billion to $3.66 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover SVB Financial Group.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, January 24th. The bank reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.27. The company had revenue of $673.69 million during the quarter, compared to analyst estimates of $697.89 million. SVB Financial Group had a return on equity of 19.90% and a net margin of 35.87%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.19 earnings per share.
In related news, insider John China sold 11,200 shares of SVB Financial Group stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $249.12, for a total value of $2,790,144.00. Following the completion of the transaction, the insider now directly owns 22,172 shares in the company, valued at $5,523,488.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michelle Draper sold 1,748 shares of SVB Financial Group stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $238.44, for a total value of $416,793.12. Following the completion of the transaction, the insider now owns 7,573 shares of the company’s stock, valued at $1,805,706.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,617 shares of company stock valued at $4,096,266. Company insiders own 0.74% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Douglas Lane & Associates LLC boosted its holdings in SVB Financial Group by 370.5% in the fourth quarter. Douglas Lane & Associates LLC now owns 56,804 shares of the bank’s stock valued at $10,788,000 after purchasing an additional 44,732 shares during the period. Legal & General Group Plc raised its stake in SVB Financial Group by 1.0% in the third quarter. Legal & General Group Plc now owns 222,871 shares of the bank’s stock valued at $69,275,000 after buying an additional 2,209 shares in the last quarter. Bank of New York Mellon Corp raised its stake in SVB Financial Group by 16.8% in the third quarter. Bank of New York Mellon Corp now owns 1,525,038 shares of the bank’s stock valued at $474,028,000 after buying an additional 219,000 shares in the last quarter. Strs Ohio raised its stake in SVB Financial Group by 21.7% in the fourth quarter. Strs Ohio now owns 174,661 shares of the bank’s stock valued at $33,171,000 after buying an additional 31,176 shares in the last quarter. Finally, AMP Capital Investors Ltd raised its stake in SVB Financial Group by 22.6% in the third quarter. AMP Capital Investors Ltd now owns 17,291 shares of the bank’s stock valued at $5,414,000 after buying an additional 3,185 shares in the last quarter. Hedge funds and other institutional investors own 89.26% of the company’s stock.
SVB Financial Group stock traded up $0.73 during mid-day trading on Friday, hitting $246.21. The company’s stock had a trading volume of 553,571 shares, compared to its average volume of 512,513. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.58 and a beta of 2.03. SVB Financial Group has a 1 year low of $177.70 and a 1 year high of $333.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.65 and a current ratio of 0.65.
SVB Financial Group Company Profile
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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