SVB Financial Group (NASDAQ:SIVB) – Equities research analysts at Jefferies Financial Group increased their Q1 2019 EPS estimates for SVB Financial Group in a research report issued on Tuesday, November 13th. Jefferies Financial Group analyst C. Haire now expects that the bank will earn $4.93 per share for the quarter, up from their prior estimate of $4.87. Jefferies Financial Group currently has a “Buy” rating and a $378.00 target price on the stock. Jefferies Financial Group also issued estimates for SVB Financial Group’s Q2 2019 earnings at $5.19 EPS, Q3 2019 earnings at $5.52 EPS, Q4 2019 earnings at $5.66 EPS, FY2019 earnings at $21.30 EPS and FY2020 earnings at $25.05 EPS.

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

A number of other brokerages also recently commented on SIVB. JMP Securities lifted their target price on SVB Financial Group from $345.00 to $385.00 and gave the company a “market outperform” rating in a research note on Friday, July 27th. Bank of America decreased their target price on SVB Financial Group from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Barclays decreased their target price on SVB Financial Group from $357.00 to $330.00 and set an “equal weight” rating for the company in a research note on Friday, October 26th. Royal Bank of Canada set a $330.00 target price on SVB Financial Group and gave the company a “buy” rating in a research note on Friday, October 26th. Finally, Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $346.00 target price for the company in a research note on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. SVB Financial Group currently has a consensus rating of “Buy” and an average price target of $347.00.

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

SVB Financial Group announced that its Board of Directors has approved a stock buyback program on Tuesday, November 13th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the bank to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

In other news, Director John F. Robinson sold 500 shares of SVB Financial Group stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $324.07, for a total transaction of $162,035.00. Following the sale, the director now owns 5,017 shares of the company’s stock, valued at $1,625,859.19. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Descheneaux sold 1,750 shares of SVB Financial Group stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $239.73, for a total value of $419,527.50. Following the sale, 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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in SVB Financial Group by 16.8% during the third quarter. Bank of New York Mellon Corp now owns 1,525,038 shares of the bank’s stock worth $474,028,000 after purchasing an additional 219,000 shares in the last quarter. Capital International Investors raised its holdings in SVB Financial Group by 13.0% during the third quarter. Capital International Investors now owns 854,592 shares of the bank’s stock worth $265,633,000 after purchasing an additional 98,590 shares in the last quarter. Millennium Management LLC raised its holdings in SVB Financial Group by 93.1% during the second quarter. Millennium Management LLC now owns 770,940 shares of the bank’s stock worth $222,617,000 after purchasing an additional 371,684 shares in the last quarter. Janus Henderson Group PLC raised its holdings in SVB Financial Group by 7.9% during the third quarter. Janus Henderson Group PLC now owns 751,309 shares of the bank’s stock worth $233,529,000 after purchasing an additional 55,156 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in SVB Financial Group by 27.0% during the second quarter. Bank of America Corp DE now owns 610,266 shares of the bank’s stock worth $176,219,000 after purchasing an additional 129,849 shares in the last quarter. 87.85% 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. 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.

See Also: Hedge Funds – How They Work For Investors

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

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.