SVB Financial Group (NASDAQ:SIVB – Get Rating) – Equities research analysts at Jefferies Financial Group lowered their Q3 2022 earnings estimates for SVB Financial Group in a report released on Wednesday, September 14th. Jefferies Financial Group analyst C. Haire now expects that the bank will post earnings per share of $6.50 for the quarter, down from their previous estimate of $7.54. The consensus estimate for SVB Financial Group’s current full-year earnings is $29.22 per share. Jefferies Financial Group also issued estimates for SVB Financial Group’s Q4 2022 earnings at $6.18 EPS, FY2022 earnings at $26.20 EPS, Q1 2023 earnings at $7.21 EPS, Q2 2023 earnings at $7.65 EPS, Q3 2023 earnings at $8.47 EPS, Q4 2023 earnings at $9.13 EPS and FY2023 earnings at $32.45 EPS.
SVB Financial Group (NASDAQ:SIVB – Get Rating) last released its quarterly earnings results on Thursday, July 21st. The bank reported $5.60 earnings per share for the quarter, missing analysts’ consensus estimates of $7.76 by ($2.16). SVB Financial Group had a return on equity of 13.43% and a net margin of 25.58%. During the same quarter last year, the company posted $9.09 EPS.
SVB Financial Group Stock Performance
SIVB stock opened at $362.42 on Monday. SVB Financial Group has a 1 year low of $354.74 and a 1 year high of $763.22. The stock’s fifty day moving average is $412.66 and its two-hundred day moving average is $460.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market capitalization of $21.41 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 1.54 and a beta of 1.72.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Brown Advisory Inc. lifted its holdings in SVB Financial Group by 3.6% during the 2nd quarter. Brown Advisory Inc. now owns 2,053 shares of the bank’s stock worth $811,000 after purchasing an additional 72 shares during the last quarter. Verition Fund Management LLC increased its stake in SVB Financial Group by 51.9% during the 2nd quarter. Verition Fund Management LLC now owns 1,068 shares of the bank’s stock worth $422,000 after acquiring an additional 365 shares during the period. Prelude Capital Management LLC increased its stake in SVB Financial Group by 46.5% during the 2nd quarter. Prelude Capital Management LLC now owns 1,871 shares of the bank’s stock worth $739,000 after acquiring an additional 594 shares during the period. Captrust Financial Advisors increased its stake in SVB Financial Group by 3.6% during the 2nd quarter. Captrust Financial Advisors now owns 5,142 shares of the bank’s stock worth $2,031,000 after acquiring an additional 177 shares during the period. Finally, Legal & General Group Plc increased its stake in SVB Financial Group by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 394,690 shares of the bank’s stock worth $155,899,000 after acquiring an additional 21,205 shares during the period. 91.48% of the stock is currently owned by institutional investors.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.
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