$1.43 billion in sales expected for SVB Financial Group (NASDAQ:SIVB) this quarter

Equity research analysts expect SVB Financial Group (NASDAQ:SIVB) to report sales of $1.43 billion in the current quarter, Zacks reports. Four analysts have made earnings estimates for SVB Financial Group, with the highest estimate of sales at $1.45 billion and the lowest estimate at $1.40 billion. SVB Financial Group reported sales of $1.41 billion in the same quarter last year, which would indicate a positive growth rate of 1.4% year-over-year. The company is expected to announce its next quarterly earnings report on Thursday, April 28.

On average, analysts expect SVB Financial Group to record annual revenue of $6.45 billion for the current year, with estimates ranging from $6.20 billion to $7.07 billions of dollars. For the next fiscal year, analysts expect the company to post sales of $7.69 billion, with estimates ranging from $7.24 billion to $8.45 billion. Zacks Investment Research’s sell calculations are an average average based on a survey of sell-side analysts who cover SVB Financial Group.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly results on Thursday, January 20. The bank reported earnings per share (EPS) of $6.22 for the quarter, missing the consensus estimate of $6.51 per ($0.29). SVB Financial Group achieved a net margin of 31.79% and a return on equity of 18.95%. The company posted revenue of $1.51 billion in the quarter, versus analyst estimates of $1.45 billion. During the same period a year earlier, the company posted EPS of $7.40. The company’s revenue for the quarter increased 23.7% compared to the same quarter last year.

The SIVB has been the subject of several research reports. Barclays raised its price target on SVB Financial Group shares from $755.00 to $789.00 and gave the company an “equal weight” rating in a research report on Monday, January 3. Janney Montgomery Scott downgraded shares of SVB Financial Group from a “buy” rating to a “neutral” rating and set a price target of $700.00 for the company. in a research report Friday. Odeon Capital Group downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a Monday, January 10 report. Maxim Group raised its price target on SVB Financial Group shares from $950.00 to $1,100.00 and gave the stock a “buy” rating in a Monday, Nov. 1, report. Finally, Zacks Investment Research downgraded shares of SVB Financial Group from a “hold” rating to a “sell” rating and set a price target of $805.00 for the stock. in a report on Monday, October 25. One analyst rated the stock with a sell rating, six issued a hold rating and twelve assigned the company a buy rating. Based on data from MarketBeat.com, SVB Financial Group has a consensus rating of “Buy” and a consensus price target of $783.56.

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Separately, CEO Gregory W. Becker sold 12,500 shares of the company in a trade dated Wednesday, Dec. 1. The stock was sold at an average price of $698.69, for a total value of $8,733,625.00. The sale was disclosed in a legal filing with the SEC, which is available via this link. Additionally, insider Michael Descheneaux sold 2,200 shares of the company in a trade dated Tuesday, Nov. 9. The shares were sold at an average price of $736.09, for a total value of $1,619,398.00. The disclosure of this sale can be found here. Insiders sold a total of 28,093 shares of the company worth $19,746,719 in the past three months. 0.68% of the shares are held by insiders.

Institutional investors have recently changed their positions in the stock. First Horizon Advisors Inc. increased its stake in SVB Financial Group to 987.5% in Q3. First Horizon Advisors Inc. now owns 87 shares of the bank valued at $25,000 after acquiring 79 additional shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of SVB Financial Group during the second quarter worth approximately $28,000. Liberty Wealth Management LLC increased its position in SVB Financial Group shares by 51,951.6% during the second quarter. Liberty Wealth Management LLC now owns 16,136 shares of the bank valued at $29,000 after purchasing an additional 16,105 shares during the period. Gradient Investments LLC increased its position in shares of SVB Financial Group by 5,000.0% during the fourth quarter. Gradient Investments LLC now owns 51 shares of the bank valued at $35,000 after purchasing an additional 50 shares during the period. Finally, Arlington Partners LLC purchased a new equity stake in SVB Financial Group during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds hold 88.81% of the company’s shares.

The NASDAQ SIVB opened at $581.76 on Friday. The company has a fifty-day simple moving average of $698.54 and a 200-day simple moving average of $648.97. SVB Financial Group has a 12-month low of $435.77 and a 12-month high of $763.22. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt ratio of 0.15. The company has a market capitalization of $34.14 billion, a P/E ratio of 17.76, a PEG ratio of 2.93 and a beta of 1.87.

About SVB Financial Group

SVB Financial Group is a holding company that provides banking and financial services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, SVB Capital and SVB Leerink. The Global Commercial Bank segment includes the results of Commercial Banking, Private Equity Division, SVB Wine, SVB Analytics and Debt Fund Investments.

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Earnings history and estimates for SVB Financial Group (NASDAQ:SIVB)

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