SVB Financial Group (NASDAQ:SIVB) – Investment analysts at Wedbush issued their Q4 2020 earnings per share (EPS) estimates for shares of SVB Financial Group in a research report issued on Friday, July 26th. Wedbush analyst D. Chiaverini anticipates that the bank will post earnings of $5.14 per share for the quarter. Wedbush has a “Neutral” rating and a $235.00 price objective on the stock.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $6.08 EPS for the quarter, beating the Zacks’ consensus estimate of $4.98 by $1.10. SVB Financial Group had a net margin of 35.83% and a return on equity of 21.44%. The firm had revenue of $863.15 million during the quarter, compared to the consensus estimate of $787.38 million. During the same quarter last year, the firm earned $4.42 EPS.
Shares of NASDAQ SIVB opened at $230.83 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $12.03 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.53 and a beta of 2.08. SVB Financial Group has a 1 year low of $177.70 and a 1 year high of $332.90. The stock has a 50-day moving average price of $220.25.
In related news, insider Christopher Edmonds-Waters sold 204 shares of SVB Financial Group stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $256.01, for a total transaction of $52,226.04. Following the transaction, the insider now directly owns 3,494 shares of the company’s stock, valued at $894,498.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Philip C. Cox sold 197 shares of SVB Financial Group stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $227.45, for a total transaction of $44,807.65. Following the transaction, the chief operating officer now directly owns 8,185 shares in the company, valued at $1,861,678.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,486 shares of company stock worth $1,555,547. 0.73% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Advisor Partners LLC increased its holdings in SVB Financial Group by 2.8% during the first quarter. Advisor Partners LLC now owns 1,769 shares of the bank’s stock valued at $393,000 after buying an additional 49 shares during the period. Middleton & Co Inc MA increased its holdings in SVB Financial Group by 0.5% during the first quarter. Middleton & Co Inc MA now owns 10,085 shares of the bank’s stock valued at $2,243,000 after buying an additional 50 shares during the period. Lyell Wealth Management LP increased its holdings in SVB Financial Group by 3.3% during the first quarter. Lyell Wealth Management LP now owns 1,550 shares of the bank’s stock valued at $345,000 after buying an additional 50 shares during the period. Nordea Investment Management AB increased its holdings in SVB Financial Group by 1.7% during the first 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 period. Finally, Altman Advisors Inc. increased its holdings in SVB Financial Group by 0.7% during the second quarter. Altman Advisors Inc. now owns 7,392 shares of the bank’s stock valued at $1,660,000 after buying an additional 54 shares during the period. 90.81% of the stock is currently owned by institutional investors.
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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