Jefferies Group Weighs in on SVB Financial Group’s FY2017 Earnings (SIVB)

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

Several other analysts have also commented on the stock. Morgan Stanley restated an “overweight” rating and issued a $213.00 price objective (up from $210.00) on shares of SVB Financial Group in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of SVB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Maxim Group raised their price objective on shares of SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, BidaskClub lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $203.00.

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Shares of SVB Financial Group (NASDAQ SIVB) opened at 188.93 on Tuesday. SVB Financial Group has a 12 month low of $112.00 and a 12 month high of $198.83. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 22.96 and a beta of 1.63. The company has a 50-day moving average price of $175.50 and a 200-day moving average price of $178.19.

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

In other SVB Financial Group news, insider Michael Descheneaux sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total transaction of $637,245.00. Following the completion of the transaction, the insider now owns 14,064 shares of the company’s stock, valued at $2,560,632.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Benhamou sold 2,000 shares of the firm’s 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 transaction, the director now directly owns 6,672 shares of the company’s stock, valued at approximately $1,147,650.72. 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 ninety days. Insiders own 0.73% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SIVB. UBS Asset Management Americas Inc. increased its stake in shares of SVB Financial Group by 14.0% during the first quarter. UBS Asset Management Americas Inc. now owns 32,264 shares of the bank’s stock valued at $6,004,000 after purchasing an additional 3,956 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of SVB Financial Group by 4.8% during the first quarter. Prudential Financial Inc. now owns 32,277 shares of the bank’s stock valued at $6,006,000 after purchasing an additional 1,468 shares in the last quarter. Westpac Banking Corp bought a new position in shares of SVB Financial Group during the first quarter valued at approximately $420,000. Asset Management One Co. Ltd. bought a new position in shares of SVB Financial Group during the first quarter valued at approximately $871,000. Finally, Wellington Management Group LLP increased its stake in shares of SVB Financial Group by 109.3% during the first quarter. Wellington Management Group LLP now owns 492,657 shares of the bank’s stock valued at $91,678,000 after purchasing an additional 257,267 shares in the last quarter. 92.12% of the stock is owned by institutional investors and hedge funds.

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.

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

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