As SVB Financial Group is slated to release its earnings on or around 2016-07-21, the brokerage firms are anticipating it to report earnings of 2.07.
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In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 11%, based on 3 analysts providing projections. The stock was 1.19% compared to the previous weeks close. New York State Common Retirement Fund boosted its position in SVB Financial Group by 2.2% in the fourth quarter. Finally, State of Wisconsin Investment Board boosted its position in SVB Financial Group by 9.4% in the fourth quarter.
SVB Financial Group (NASDAQ:SIVB) has been assigned a sentiment score of 0. Coming to moving average of 200-days, it is $99.33, and the stock is $1.68 or +1.69% off from this point.
The projected average EPS estimate for SVB Financial Group (NASDAQ:SIVB) for the quarter is $1.81. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world. About 746,710 shares traded hands or 2.68% up from the average.
In a different note, On Jul 7, 2016, JP Morgan said it Maintains its rating on SVB Financial Group. The firm has a market capitalization of $5.26 billion and a P/E ratio of 15.42. But the company is expected to report its actual earnings on 2016-10-27 or around that date.The actual EPS for the period ended 2016-06-30 was $1.78. JPMorgan Chase & Co. reiterated a “buy” rating on shares of SVB Financial Group in a research note on Saturday, July 9th.
In other SVB Financial Group news, insider Philip C. Cox sold 500 shares of the stock in a transaction dated Thursday, April 28th.
According to Zacks Investment Research, “SVB Financial Group is an worldwide financial services holding company serving the technology, life science, private equity and premium wine industries primarily through the following subsidiaries: Silicon Valley Bank, SVB Capital, SVB Global Financial Services, SVB Alliant, SVB Securities, SVB Asset Management, SVB India Advisors, SVB Europe Advisors”. Royal Bank Of Canada boosted their target price on shares of SVB Financial Group from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, April 22nd. Following the sale, the insider now owns 10,691 shares of the company’s stock, valued at $1,124,479.38. The shares were sold at an average price of $110.00, for a total transaction of $150,150.00. Finally, Zacks Investment Research cut SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The disclosure for this sale can be found here.
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SVB Financial Group is a diversified financial services, bank holding and financial holding company. The Company offers services in the technology, life science and healthcare, private equity and venture capital, and premium wine industries.
