Analysts Issue Forecasts for SVB Financial Group’s FY2017 Earnings (SIVB)

SVB Financial Group (NASDAQ:SIVB) – Research analysts at Jefferies Group lifted their FY2017 EPS estimates for shares of SVB Financial Group in a research note issued on Monday. Jefferies Group analyst C. Haire now expects that the bank will post earnings of $8.73 per share for the year, up from their prior estimate of $8.61. Jefferies Group currently has a “Buy” rating and a $216.00 price target on the stock. Jefferies Group also issued estimates for SVB Financial Group’s FY2018 earnings at $10.25 EPS.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.27. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The business had revenue of $471.70 million during the quarter, compared to analyst estimates of $451.96 million. During the same period last year, the business posted $1.78 earnings per share. SVB Financial Group’s quarterly revenue was up 10.2% compared to the same quarter last year.

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Other equities analysts also recently issued reports about the stock. ValuEngine upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Maxim Group upped their target price on shares of SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. BidaskClub downgraded shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. Zacks Investment Research upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research note on Tuesday, July 4th. Finally, Stephens restated a “buy” rating and issued a $205.00 target price on shares of SVB Financial Group in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. SVB Financial Group has an average rating of “Buy” and a consensus target price of $203.00.

Shares of SVB Financial Group (SIVB) traded down 0.22% during mid-day trading on Tuesday, reaching $187.66. 19,634 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $176.06 and a 200 day moving average price of $178.26. SVB Financial Group has a 12-month low of $112.00 and a 12-month high of $198.83. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 22.81 and a beta of 1.63.

A number of large investors have recently bought and sold shares of the stock. Raymond James Trust N.A. lifted its position in SVB Financial Group by 0.3% during the second quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock valued at $259,000 after acquiring an additional 4 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in SVB Financial Group by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock valued at $1,347,000 after acquiring an additional 20 shares during the last quarter. Pacer Advisors Inc. lifted its position in SVB Financial Group by 9.2% during the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after acquiring an additional 87 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in SVB Financial Group by 11.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock valued at $160,000 after acquiring an additional 90 shares during the last quarter. Finally, Utah Retirement Systems lifted its position in SVB Financial Group by 1.1% during the second quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock valued at $1,687,000 after acquiring an additional 100 shares during the last quarter. 92.12% of the stock is owned by institutional investors.

In related news, Director Eric Benhamou sold 2,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $172.01, for a total transaction of $344,020.00. Following the completion of the sale, the director now owns 6,672 shares of the company’s stock, valued at $1,147,650.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip C. Cox sold 3,024 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total transaction of $552,787.20. Following the sale, the insider now directly owns 2,872 shares of the company’s stock, valued at approximately $525,001.60. The disclosure for this sale can be found here. Insiders have sold 8,524 shares of company stock valued at $1,534,052 in the last three months. 0.73% of the stock is currently owned by corporate insiders.

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.

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

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