Analysts Anticipate SVB Financial Group (NASDAQ:SIVB) Will Announce Quarterly Sales of $780.12 Million

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Equities research analysts forecast that SVB Financial Group (NASDAQ:SIVB) will post $780.12 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for SVB Financial Group’s earnings. The lowest sales estimate is $762.70 million and the highest is $813.50 million. SVB Financial Group reported sales of $659.13 million during the same quarter last year, which indicates a positive year over year growth rate of 18.4%. The business is expected to report its next earnings report on Thursday, July 25th.

According to Zacks, analysts expect that SVB Financial Group will report full year sales of $3.19 billion for the current financial year, with estimates ranging from $3.09 billion to $3.29 billion. For the next year, analysts anticipate that the firm will report sales of $3.49 billion, with estimates ranging from $3.39 billion to $3.64 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover SVB Financial Group.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, April 25th. The bank reported $5.44 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $0.71. SVB Financial Group had a return on equity of 20.83% and a net margin of 36.09%. The business had revenue of $793.26 million during the quarter, compared to analysts’ expectations of $744.49 million. During the same period in the prior year, the business posted $3.63 EPS.

Several equities research analysts have recently weighed in on SIVB shares. Maxim Group cut their target price on SVB Financial Group to $325.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. BidaskClub upgraded SVB Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. Bank of America set a $280.00 price target on SVB Financial Group and gave the company a “buy” rating in a research note on Tuesday, March 5th. ValuEngine downgraded SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Finally, FIG Partners cut SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $309.49.

SIVB stock traded down $1.73 during mid-day trading on Friday, reaching $213.79. The company had a trading volume of 343,944 shares, compared to its average volume of 496,992. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $11.21 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.38 and a beta of 2.11. SVB Financial Group has a fifty-two week low of $177.70 and a fifty-two week high of $333.74.

In other SVB Financial Group news, Director John S. Clendening purchased 900 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was purchased at an average price of $221.12 per share, with a total value of $199,008.00. Following the completion of the purchase, the director now owns 1,729 shares of the company’s stock, valued at $382,316.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Descheneaux sold 6,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $239.55, for a total transaction of $1,437,300.00. Following the transaction, the insider now directly owns 23,811 shares of the company’s stock, valued at approximately $5,703,925.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,183 shares of company stock worth $2,213,623. Company insiders own 0.73% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SIVB. Allstate Corp bought a new stake in SVB Financial Group during the 1st quarter worth approximately $204,000. Nordea Investment Management AB raised its holdings in SVB Financial Group by 1.7% during the 1st quarter. Nordea Investment Management AB now owns 3,250 shares of the bank’s stock valued at $723,000 after buying an additional 54 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in SVB Financial Group by 104.1% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 61,975 shares of the bank’s stock valued at $13,781,000 after buying an additional 31,603 shares during the last quarter. Cleararc Capital Inc. bought a new stake in SVB Financial Group during the 1st quarter valued at $281,000. Finally, BTC Capital Management Inc. raised its holdings in SVB Financial Group by 10.6% in the 1st quarter. BTC Capital Management Inc. now owns 12,086 shares of the bank’s stock worth $2,683,000 after purchasing an additional 1,155 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The 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 and credit cards, account analysis, and disbursement, as well as online and mobile banking services.

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