$539.04 Million in Sales Expected for SVB Financial Group (SIVB) This Quarter
Wall Street brokerages expect SVB Financial Group (NASDAQ:SIVB) to announce $539.04 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for SVB Financial Group’s earnings, with the highest sales estimate coming in at $553.00 million and the lowest estimate coming in at $516.38 million. SVB Financial Group posted sales of $427.65 million in the same quarter last year, which suggests a positive year over year growth rate of 26%. The firm is expected to report its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that SVB Financial Group will report full year sales of $539.04 million for the current financial year, with estimates ranging from $2.23 billion to $2.33 billion. For the next financial year, analysts expect that the business will report sales of $2.61 billion per share, with estimates ranging from $2.53 billion to $2.71 billion. Zacks’ sales averages are an average based on a survey of analysts that cover SVB Financial Group.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.60 by ($0.41). SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. The company had revenue of $545.97 million during the quarter, compared to the consensus estimate of $523.45 million. During the same quarter in the prior year, the business earned $1.89 earnings per share.
In other SVB Financial Group news, insider Gregory W. Becker sold 4,500 shares of SVB Financial Group stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $243.49, for a total value of $1,095,705.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Philip C. Cox sold 1,175 shares of SVB Financial Group stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $252.77, for a total value of $297,004.75. Following the completion of the sale, the insider now directly owns 4,097 shares in the company, valued at approximately $1,035,598.69. The disclosure for this sale can be found here. Insiders have sold a total of 8,185 shares of company stock worth $2,017,574 in the last ninety days. 0.74% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SIVB. Wagner Wealth Management LLC acquired a new stake in shares of SVB Financial Group in the 4th quarter valued at about $100,000. We Are One Seven LLC acquired a new stake in shares of SVB Financial Group in the 4th quarter valued at about $169,000. Green Square Capital LLC acquired a new stake in shares of SVB Financial Group in the 3rd quarter valued at about $206,000. Lourd Capital LLC acquired a new stake in shares of SVB Financial Group in the 4th quarter valued at about $207,000. Finally, IPG Investment Advisors LLC acquired a new stake in shares of SVB Financial Group in the 4th quarter valued at about $213,000. 89.70% of the stock is currently owned by hedge funds and other institutional investors.
SVB Financial Group (NASDAQ:SIVB) traded down $2.66 during trading hours on Friday, hitting $259.53. The stock had a trading volume of 591,657 shares, compared to its average volume of 452,682. SVB Financial Group has a 1-year low of $159.44 and a 1-year high of $271.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $13,720.00, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.75 and a beta of 1.43.
WARNING: “$539.04 Million in Sales Expected for SVB Financial Group (SIVB) This Quarter” was posted by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.dailypolitical.com/2018/03/14/539-04-million-in-sales-expected-for-svb-financial-group-sivb-this-quarter.html.
SVB Financial Group Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.