SVB Financial Group [NASDAQ:SIVB] will report earnings after markets close on Thursday, January 21st.
SIVB Earnings Forecast For The Current Quarter
SVB Financial Group [SIVB] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $863.58M and an earnings per share of $3.83 for Dec 2020. Looking further ahead, the company is expected to report revenue of $856M at an EPS of $4.19 for Mar 2021. The estimates represent upside of -0.40% and -13.61% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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SIVB Earnings Estimates For The Current Year
For the financial year, SVB Financial Group [NASDAQ:SIVB] is expected to bring in revenue of $3.62B. The returns are nearly $300.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 19.28, lower than that of FY19 by -$2.45. Estimates put this year’s earnings growth at -11.30%, -13.60% for the next, and at an annual 8.00% over the next 5-year period. As for sales, forecasts are for an increase of 9.00% in the current fiscal year and a further -0.40% over the following year.
SIVB Price Performance
On Wall Street, SVB Financial Group [NASDAQ:SIVB] finished Tuesday’s session up 2.00% at $470.66. The stock went up to $474.90 at the same session while its lowest single day price was $461.23. In the last five days, it saw a rise of about 8.43%, SVB Financial Group shares gained by almost 21.36% since the beginning of the year. However, the share price has dropped to as low as -0.79% below its one year high. On 01/19/21, the company shares recorded $474.90, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $376.40. The company’s shares have inclined by 82.14% in the past year. The 50-day SMA achieved is $371.57 while the 200-day SMA is $262.04. Volume dropped to 0.53 million from 0.56 million in the previous session.
SVB Financial Group [SIVB] Valuation Measures
Notably, SVB Financial Group [SIVB] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 22.96. The measure means the stock is exchanging at a premium as compared to the 12.10x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 11.07 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.51 which means SIVB serve an unattractive investment opportunity compared to its competitors.
SIVB Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 470.66 level, and in case of violation of this particular level, it will cause more drop to 462.96 level. On the upper level, 490.30 is still the key resistance. The stock may increase to the subsequent resistance at 482.60. The Relative Strength Index (RSI) pinned on the 14-day chart is 81.12, implying a overbought technical stance while the MACD stands at 43.59, meaning price will increase in the next trading period. Percent R indicator moved to 4.08%, implying bullish price movement. Stochastic %K at 90.28% suggest selling the stock.
Is SVB Financial Group [NASDAQ:SIVB] a Good Buy Right Now?
It should be noted that SIVB technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from SVB Financial Group’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.43 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.39 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.36 million shares.
What is the short interest in SVB Financial Group?
Short interest in the SVB Financial Group stock has surged, increasing by 60380.0 shares to total 0.64 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 0.71 million, data from Yahoo Finance shows. The decrease of -9.37% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 1.40% of the overall float for the stock.
SVB Financial Group’s Biggest Shareholders: Who Owns SVB Financial Group [SIVB]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 5,315,811 shares or roughly 10.26% of the outstanding SIVB shares. This means their shares have reduced by -104,325 from the 5,315,811 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $1,039,083,444. Details in the latest 13F filings reveal that SSgA Funds Management, Inc. acquired their 0.95% stake valued at $983,529,511 while Capital Research & Management Co added theirs at $748,209,393. During the last quarter, SSgA Funds Management, Inc. raised 23,756 of its shares in SVB Financial Group while Capital Research & Management Co bought 110,602 shares. The RBC Global Asset Management’s holdings currently number 1,215,284 shares at $571985567.44. According to the firm’s last 13F report, Alecta Pension Insurance Mutual shares in the company at filing stood at 1,186,500 shares, roughly $460,160,295.
What are analyst thoughts on SVB Financial Group?
Looking forward to the SVB Financial Group share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for SVB Financial Group stock at $435.00 within the next 12 months, which represents almost -8.2 per cent growth from its previous closing price of $470.66. The highest analysts’ target for SVB Financial Group stock projections is $510.00 and the lowest one is $312.25. Still, 21 analysts sharing their consensus rating for SIVB stock in 2021 agree that it is an Overweight.