SVB Financial Group (NASDAQ:SIVB) is set to release its earnings data after the market closes on Thursday, October 20th. Analysts expect SVB Financial Group to post earnings of $1.73 per share for the quarter.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.08. SVB Financial Group had a return on equity of 9.90% and a net margin of 22.00%. On average, analysts expect SVB Financial Group to post $6.84 EPS for the current fiscal year and $7.97 EPS for the next fiscal year.

Earnings History for SVB Financial Group (NASDAQ:SIVB)

Shares of SVB Financial Group (NASDAQ:SIVB) opened at 114.81 on Wednesday. SVB Financial Group has a 52-week low of $77.87 and a 52-week high of $141.75. The stock’s 50 day moving average price is $111.00 and its 200-day moving average price is $104.33. The company has a market capitalization of $5.97 billion, a PE ratio of 17.53 and a beta of 1.63.

In other SVB Financial Group news, insider Bruce Wallace sold 2,300 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $103.25, for a total transaction of $237,475.00. Following the transaction, the insider now owns 13,177 shares in the company, valued at approximately $1,360,525.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Eric Benhamou sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $106.38, for a total value of $212,760.00. Following the transaction, the director now owns 11,897 shares in the company, valued at approximately $1,265,602.86. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. State Street Corp raised its position 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 worth $223,128,000 after buying an additional 120,360 shares during the period. BlackRock Fund Advisors raised its position in SVB Financial Group by 5.2% in the second quarter. BlackRock Fund Advisors now owns 1,912,317 shares of the company’s stock worth $181,976,000 after buying an additional 94,950 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in SVB Financial Group by 4.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,535,587 shares of the company’s stock worth $146,126,000 after buying an additional 58,923 shares during the period. Franklin Resources Inc. raised its position in SVB Financial Group by 1.8% in the second quarter. Franklin Resources Inc. now owns 481,490 shares of the company’s stock worth $45,819,000 after buying an additional 8,668 shares during the period. Finally, American Century Companies Inc. raised its position in SVB Financial Group by 31.4% in the second quarter. American Century Companies Inc. now owns 478,729 shares of the company’s stock worth $45,556,000 after buying an additional 114,499 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Several research analysts recently commented on SIVB shares. JMP Securities started coverage on SVB Financial Group in a research report on Friday, September 16th. They set an “outperform” rating and a $130.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating on shares of SVB Financial Group in a research report on Thursday, June 23rd. Barclays PLC raised SVB Financial Group from an “overweight” rating to a “top pick” rating and increased their price target for the company from $139.00 to $150.00 in a research report on Wednesday, September 28th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of SVB Financial Group in a research report on Friday, July 22nd. Finally, DA Davidson cut SVB Financial Group from a “buy” rating to a “neutral” rating in a research report on Friday, July 22nd. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $132.54.

About SVB Financial Group

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.

5 Day Chart for NASDAQ:SIVB

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