SVB Financial Group Forecasted to Earn Q1 2023 Earnings of $4.23 Per Share (NASDAQ:SIVB)

SVB Financial Group (NASDAQ:SIVBGet Rating) – Analysts at DA Davidson issued their Q1 2023 earnings estimates for SVB Financial Group in a research report issued on Monday, January 23rd. DA Davidson analyst G. Tenner anticipates that the bank will post earnings of $4.23 per share for the quarter. The consensus estimate for SVB Financial Group’s current full-year earnings is $19.73 per share. DA Davidson also issued estimates for SVB Financial Group’s FY2023 earnings at $19.98 EPS and FY2024 earnings at $27.41 EPS.

A number of other research analysts also recently commented on SIVB. TheStreet downgraded shares of SVB Financial Group from a “b-” rating to a “c+” rating in a research note on Thursday, September 29th. Truist Financial boosted their price objective on SVB Financial Group from $250.00 to $269.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada reduced their target price on SVB Financial Group from $474.00 to $350.00 and set an “outperform” rating on the stock in a report on Friday, October 21st. Piper Sandler dropped their price target on SVB Financial Group from $265.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 7th. Finally, Janney Montgomery Scott lowered SVB Financial Group from a “buy” rating to a “neutral” rating and upped their price target for the company from $280.00 to $500.00 in a research report on Friday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $359.52.

SVB Financial Group Stock Performance

SVB Financial Group stock opened at $288.35 on Wednesday. The company has a current ratio of 0.48, a quick ratio of 0.47 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average of $232.05 and a 200-day moving average of $313.47. The stock has a market cap of $17.04 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 1.89 and a beta of 1.47. SVB Financial Group has a 52 week low of $198.10 and a 52 week high of $658.47.

SVB Financial Group (NASDAQ:SIVBGet Rating) last released its quarterly earnings results on Thursday, January 19th. The bank reported $4.62 EPS for the quarter, missing the consensus estimate of $5.26 by ($0.64). SVB Financial Group had a return on equity of 13.02% and a net margin of 22.05%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $6.22 EPS. The company’s revenue was up 1.9% compared to the same quarter last year.

Insider Buying and Selling

In related news, CMO Michelle Draper sold 165 shares of the stock in a transaction dated Friday, January 20th. The stock was sold at an average price of $300.00, for a total value of $49,500.00. Following the completion of the sale, the chief marketing officer now directly owns 4,261 shares of the company’s stock, valued at approximately $1,278,300. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CMO Michelle Draper sold 165 shares of the firm’s stock in a transaction dated Friday, January 20th. The stock was sold at an average price of $300.00, for a total transaction of $49,500.00. Following the completion of the sale, the chief marketing officer now directly owns 4,261 shares of the company’s stock, valued at approximately $1,278,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Beverly Kay Matthews purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The shares were purchased at an average cost of $232.06 per share, with a total value of $232,060.00. Following the completion of the purchase, the director now directly owns 2,374 shares in the company, valued at $550,910.44. The disclosure for this purchase can be found here. Company insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Urban Wealth Management LLC bought a new stake in shares of SVB Financial Group during the second quarter valued at approximately $26,000. Ronald Blue Trust Inc. grew its position in SVB Financial Group by 243.5% in the fourth quarter. Ronald Blue Trust Inc. now owns 79 shares of the bank’s stock valued at $26,000 after acquiring an additional 56 shares during the period. First Horizon Advisors Inc. grew its position in SVB Financial Group by 200.0% in the second quarter. First Horizon Advisors Inc. now owns 72 shares of the bank’s stock valued at $27,000 after acquiring an additional 48 shares during the period. Massmutual Trust Co. FSB ADV grew its position in SVB Financial Group by 500.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 120 shares of the bank’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Finally, TCI Wealth Advisors Inc. grew its position in SVB Financial Group by 52.0% in the second quarter. TCI Wealth Advisors Inc. now owns 76 shares of the bank’s stock valued at $30,000 after acquiring an additional 26 shares during the period. 92.35% of the stock is owned by institutional investors.

SVB Financial Group Company Profile

(Get Rating)

SVB Financial Group is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. The Global Commercial Bank segment consists of results from the commercial bank, private equity division, SVB wine, SVB analytics, and debt fund investments.

See Also

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

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