Brokerages expect SVB Financial Group (NASDAQ: SIVB) to post sales of $ 1.09 billion for the current quarter, according to Zacks. Six analysts have released earnings estimates for SVB Financial Group. The highest sales estimate is $ 1.13 billion and the lowest is $ 1.06 billion. SVB Financial Group reported sales of $ 881.78 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.6%. The company is expected to announce its next results on Thursday, July 22.
On average, analysts expect SVB Financial Group to report annual revenue of $ 4.84 billion for the current fiscal year, with estimates ranging from $ 4.68 billion to 5.17 billion. billions of dollars. For next year, analysts predict the company will post sales of $ 5.05 billion, with estimates ranging from $ 4.62 billion to $ 5.77 billion. Zacks sales averages are an average based on a survey of research companies that follow SVB Financial Group.
SVB Financial Group (NASDAQ: SIVB) last reported its results on Thursday, April 22. The bank reported earnings per share (EPS) of $ 10.03 for the quarter, beating analyst consensus estimates of $ 6.94 from $ 3.09. SVB Financial Group generated a net margin of 34.63% and a return on equity of 20.13%. The company posted revenue of $ 1.40 billion in the quarter, compared to analysts’ estimates of $ 1.18 billion. During the same period of the previous year, the company posted EPS of $ 2.55. SVB Financial Group revenue increased 69.9% year-on-year.
A number of research firms have recently published reports on SIVB. Raymond James reaffirmed an “outperformance” rating and set a price target of $ 600.00 (up from $ 564.00 previously) for SVB Financial Group shares in a report released on Thursday, April 29. Truist Securities raised its price target on SVB Financial Group shares from $ 605.00 to $ 625.00 in a research report released on Monday, April 26. Morgan Stanley raised its price target for SVB Financial Group shares from $ 510.00 to $ 570.00 and gave the company an “equal weight” rating in a research report released on Tuesday, May 4. Barclays raised its target price on SVB Financial Group shares from $ 550.00 to $ 575.00 and gave the stock an “equal weight” rating in a research report published on Friday, April 23. Finally, Piper Sandler raised her price target on SVB Financial Group shares from $ 600.00 to $ 650.00 and gave the stock an “overweight” rating in a research report published on Tuesday, May 11. Six investment analysts gave the stock a conservation rating and eight gave the company a buy rating. SVB Financial Group currently has a consensus rating of “Buy” and an average price target of $ 566.60.
In other news, CFO Daniel J. Beck sold 4,646 shares of the company in a trade that took place on Monday, June 7. The shares were sold at an average price of $ 597.61, for a total transaction of $ 2,776,496.06. Following the closing of the transaction, the CFO now directly owns 4,804 shares of the company, valued at approximately $ 2,870,918.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Additionally, insider Christopher Edmonds-Waters sold 127 shares of the company in a trade on Monday, May 24. The shares were sold at an average price of $ 574.27, for a total trade of $ 72,932.29. Following the closing of the transaction, the insider now directly owns 2,827 shares of the company, valued at $ 1,623,461.29. Disclosure of this sale can be found here. Insiders sold a total of 9,337 shares of the company valued at $ 5,404,025 during the last quarter. 0.68% of the shares are currently held by company insiders.
Large investors have recently increased or reduced their holdings in the stock. SOA Wealth Advisors LLC. purchased a new position in SVB Financial Group during the fourth quarter valued at $ 26,000. Veriti Management LLC acquired a new position in SVB Financial Group during the fourth quarter valued at approximately $ 29,000. IronBridge Private Wealth LLC purchased a new equity stake in SVB Financial Group during the fourth quarter valued at approximately $ 29,000. Logan Capital Management Inc. purchased a new equity stake in SVB Financial Group during the first quarter valued at approximately $ 30,000. Finally, Abundance Wealth Counselors purchased a new equity stake in SVB Financial Group during the first quarter valued at approximately $ 31,000. 90.00% of the shares are held by institutional investors and hedge funds.
SIVB stock opened at $ 530.96 on Friday. SVB Financial Group has a 52 week low of $ 199.70 and a 52 week high of $ 608.84. The company’s 50-day moving average price is $ 562.61. The company has a debt ratio of 0.15, a current ratio of 0.59, and a rapid ratio of 0.59. The company has a market cap of $ 28.84 billion, a price / earnings ratio of 17.51, a P / E / G ratio of 2.44 and a beta of 2.06.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, offers a variety of banking and financial products and services. The company operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital and SVB Leerink. The Global Commercial Bank segment offers deposit products, such as business verification and analysis, money market, multi-currency accounts, in-country banking and scanning accounts, as well as merchant, remote capture, mailbox, e-deposit capture and fraud control. ; credit solutions including term loans, equipment and asset loans, revolving lines of credit and credit card programs, as well as mezzanine loans, acquisition finance and working capital facilities ‘business ; and payment and cash management products and services, including bank transfers and automated clearing house payments, bill payments, debit and credit cards, account analysis and disbursements, as well as online and mobile banking.
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7 stocks Cathie Wood buys and you should too
If you are an investor who likes to go with the ‘hot hand’ then they don’t get much hotter than Cathie Wood. The founder and CEO of ARK Investment Management delivered over 100% returns in her company’s five exchange-traded funds (ETFs) in 2020.
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Check out the “7 stocks that Cathie Wood buys that you should too”.