SVB Financial Group (NASDAQ:SIVB) – Equities researchers at Wedbush increased their Q4 2018 EPS estimates for SVB Financial Group in a report issued on Tuesday, November 13th. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $4.58 per share for the quarter, up from their prior estimate of $4.56. Wedbush currently has a “Neutral” rating and a $350.00 price objective on the stock. Wedbush also issued estimates for SVB Financial Group’s Q1 2019 earnings at $4.70 EPS, Q2 2019 earnings at $5.02 EPS, Q3 2019 earnings at $5.31 EPS, Q4 2019 earnings at $5.42 EPS, FY2019 earnings at $20.45 EPS and FY2020 earnings at $22.60 EPS.

SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, October 25th. The bank reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.44 by $0.66. SVB Financial Group had a net margin of 32.44% and a return on equity of 18.39%. The company had revenue of $703.29 million for the quarter, compared to analysts’ expectations of $664.51 million.

SIVB has been the topic of several other research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $355.00 target price on shares of SVB Financial Group in a research note on Friday, July 27th. BidaskClub cut shares of SVB Financial Group from a “sell” rating to a “strong sell” rating in a research note on Friday, October 26th. Zacks Investment Research reaffirmed a “hold” rating on shares of SVB Financial Group in a research note on Thursday. SunTrust Banks lifted their target price on shares of SVB Financial Group to $350.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of SVB Financial Group from $380.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $347.00.

Shares of SIVB opened at $240.15 on Friday. SVB Financial Group has a 52-week low of $211.91 and a 52-week high of $333.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.63. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 1.35 and a beta of 1.68.

Several hedge funds have recently made changes to their positions in the company. First Hawaiian Bank acquired a new position in SVB Financial Group in the third quarter valued at about $2,039,000. British Airways Pensions Investment Management Ltd lifted its position in SVB Financial Group by 0.8% in the second quarter. British Airways Pensions Investment Management Ltd now owns 33,122 shares of the bank’s stock valued at $9,564,000 after buying an additional 271 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in SVB Financial Group in the second quarter valued at about $2,800,000. KAMES CAPITAL plc lifted its position in SVB Financial Group by 1.0% in the third quarter. KAMES CAPITAL plc now owns 234,147 shares of the bank’s stock valued at $72,768,000 after buying an additional 2,259 shares during the last quarter. Finally, Sumitomo Life Insurance Co. acquired a new position in SVB Financial Group in the third quarter valued at about $1,481,000. 87.85% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director John F. Robinson sold 500 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $324.07, for a total transaction of $162,035.00. Following the transaction, the director now owns 5,017 shares of the company’s stock, valued at approximately $1,625,859.19. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Descheneaux sold 1,750 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $239.73, for a total transaction of $419,527.50. Following the transaction, the insider now directly owns 18,289 shares in the company, valued at approximately $4,384,421.97. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.

SVB Financial Group declared that its board has approved a share buyback plan on Tuesday, November 13th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the bank to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its 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 card account analysis, and disbursement, as well as online and mobile banking services.

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

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