SVB Financial Group (SIVB) Posts Earnings Results, Beats Estimates By $0.10 EPS

SVB Financial Group (SIVB) Posts  Earnings Results, Beats Estimates By $0.10 EPS

SVB Financial Group (NASDAQ:SIVB) released its earnings results on Thursday. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.79 by $0.10. SVB Financial Group had a return on equity of 10.56% and a net margin of 23.19%. During the same quarter in the previous year, the company earned $1.68 earnings per share.

SVB Financial Group (NASDAQ:SIVB) opened at 177.41 on Monday. The company’s 50 day moving average price is $172.42 and its 200 day moving average price is $131.40. SVB Financial Group has a 12 month low of $77.87 and a 12 month high of $180.48. The stock has a market cap of $9.27 billion, a PE ratio of 24.27 and a beta of 1.56.

In other SVB Financial Group news, insider Kamran F. Husain sold 3,289 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $139.45, for a total transaction of $458,651.05. Following the completion of the transaction, the insider now owns 1,187 shares of the company’s stock, valued at approximately $165,527.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce Wallace sold 2,611 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $151.86, for a total value of $396,506.46. Following the transaction, the insider now directly owns 12,027 shares of the company’s stock, valued at approximately $1,826,420.22. The disclosure for this sale can be found here. Insiders have sold a total of 9,323 shares of company stock valued at $1,297,652 in the last ninety days. 0.78% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of SVB Financial Group by 2.9% in the second quarter. Vanguard Group Inc. now owns 3,724,910 shares of the company’s stock valued at $354,463,000 after buying an additional 104,620 shares in the last quarter. Harding Loevner LP increased its stake in SVB Financial Group by 0.3% in the third quarter. Harding Loevner LP now owns 2,891,241 shares of the company’s stock valued at $319,598,000 after buying an additional 7,558 shares during the last quarter. State Street Corp increased its stake in SVB Financial Group by 5.4% in the second quarter. State Street Corp now owns 2,344,688 shares of the company’s stock valued at $223,128,000 after buying an additional 120,360 shares during the last quarter. BlackRock Fund Advisors increased its stake in SVB Financial Group by 4.6% in the third quarter. BlackRock Fund Advisors now owns 1,999,997 shares of the company’s stock valued at $221,080,000 after buying an additional 87,680 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in SVB Financial Group by 3.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,999,530 shares of the company’s stock valued at $221,028,000 after buying an additional 63,269 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on SIVB shares. Barclays PLC cut SVB Financial Group from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $127.00 to $130.00 in a research note on Tuesday, November 1st. They noted that the move was a valuation call. Zacks Investment Research cut SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 15th. RBC Capital Markets reaffirmed an “outperform” rating and set a $146.00 target price (up previously from $125.00) on shares of SVB Financial Group in a research note on Thursday, November 10th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of SVB Financial Group in a research note on Wednesday, October 12th. Finally, Royal Bank Of Canada raised their price objective on SVB Financial Group from $125.00 to $146.00 and gave the company an “outperform” rating in a research note on Thursday, November 10th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. SVB Financial Group currently has a consensus rating of “Buy” and a consensus target price of $149.82.

SVB Financial Group Company Profile

SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: 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.

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