sales Archives - Page 3 of 4

January 23, 2022

Analysts Anticipate Axos Financial, Inc. (NYSE:AX) Will Post Quarterly Sales of $177.91 Million

Analysts expect that Axos Financial, Inc. (NYSE:AX) will post sales of $177.91 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Axos Financial’s earnings, with the lowest sales estimate coming in at $175.10 million and the highest estimate coming in at $180.40 million. Axos Financial posted sales of $162.81 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business is scheduled to report its next earnings report after the market closes on Thursday, January 27th.

On average, analysts expect that Axos Financial will report full year sales of $714.47 million for the current year, with estimates ranging from $706.78 million to $719.00 million. For the next financial year, analysts forecast that the firm will post sales of $783.96 million, with estimates ranging from $764.64 million to $807.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Axos Financial.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, October 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The business had revenue of $173.34 million during the quarter, compared to analyst estimates of $167.06 million. Axos Financial had a net margin of 30.84{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 16.75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm’s revenue was up 6.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share.

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AX has been the subject of a number of research analyst reports. Raymond James increased their price target on shares of Axos Financial from $55.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 1st. Zacks Investment Research lowered shares of Axos Financial from a “buy” rating to a “hold” rating in a research report on Friday. Finally, B. Riley increased their price objective on Axos Financial from $54.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, November 5th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $60.00.

NYSE AX opened at $53.87 on Friday. The company has a 50 day simple moving average of $57.37 and a 200-day simple moving average of $52.57. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 14.60 and a beta of 1.51. Axos Financial has a 52-week low of $38.32 and a 52-week high of $62.44.

In other Axos Financial news, EVP Andrew J. Micheletti sold 25,318 shares of the stock in a transaction that occurred on Tuesday, November 9th. The stock was sold at an average price of $60.35, for a total transaction of $1,527,941.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 5,720 shares of the stock in a transaction that occurred on Friday, December 3rd. The shares were sold at an average price of $56.87, for a total value of $325,296.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,038 shares of company stock worth $1,972,998. Corporate insiders own 4.73{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Axos Financial by 225.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. IFP Advisors Inc now owns 527 shares of the company’s stock valued at $29,000 after acquiring an additional 365 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Axos Financial in the third quarter valued at approximately $77,000. Hanseatic Management Services Inc. boosted its position in shares of Axos Financial by 23.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Hanseatic Management Services Inc. now owns 1,788 shares of the company’s stock valued at $92,000 after acquiring an additional 341 shares during the period. Wedbush Securities Inc. bought a new position in Axos Financial in the third quarter worth $201,000. Finally, Raymond James Trust N.A. bought a new position in Axos Financial in the third quarter worth $216,000. 76.92{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional investors.

About Axos Financial

Axos Financial, Inc is a holding company, which engages in the provision of banking and financing services. It operates through the following segments: Banking Business and Securities Business. The Banking Business segment includes online banking, concierge banking, prepaid card services, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels.

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January 16, 2022

Analysts Expect Enterprise Financial Services Corp (NASDAQ:EFSC) Will Announce Quarterly Sales of $121.70 Million

Brokerages expect Enterprise Financial Services Corp (NASDAQ:EFSC) to post $121.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Enterprise Financial Services’ earnings, with the highest sales estimate coming in at $122.00 million and the lowest estimate coming in at $121.40 million. Enterprise Financial Services posted sales of $95.95 million during the same quarter last year, which suggests a positive year-over-year growth rate of 26.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company is scheduled to announce its next earnings report after the market closes on Monday, January 24th.

According to Zacks, analysts expect that Enterprise Financial Services will report full year sales of $425.29 million for the current financial year, with estimates ranging from $423.80 million to $428.00 million. For the next financial year, analysts expect that the business will report sales of $476.30 million, with estimates ranging from $475.50 million to $477.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Enterprise Financial Services.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Sunday, October 24th. The bank reported $0.38 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.41). The firm had revenue of $114.89 million for the quarter, compared to the consensus estimate of $112.79 million. Enterprise Financial Services had a net margin of 26.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 12.15{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same quarter in the previous year, the company posted $0.68 earnings per share.

Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, January 11th. Raymond James boosted their price objective on shares of Enterprise Financial Services from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, October 27th.

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Shares of NASDAQ:EFSC opened at $49.97 on Friday. The firm’s 50-day moving average is $47.97 and its 200 day moving average is $46.44. Enterprise Financial Services has a 12 month low of $34.71 and a 12 month high of $52.00. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 14.00 and a beta of 1.32. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Wednesday, December 15th were issued a dividend of $0.20 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend was Tuesday, December 14th. Enterprise Financial Services’s dividend payout ratio is presently 22.41{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

In other Enterprise Financial Services news, Director Peter Hui sold 4,000 shares of the stock in a transaction that occurred on Monday, December 13th. The shares were sold at an average price of $47.55, for a total value of $190,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tony Scavuzzo sold 140,000 shares of the stock in a transaction that occurred on Wednesday, November 24th. The shares were sold at an average price of $48.32, for a total transaction of $6,764,800.00. The disclosure for this sale can be found here. In the last three months, insiders have purchased 9,900 shares of company stock valued at $424,425 and have sold 171,000 shares valued at $8,253,160. 8.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen Asset Management LLC lifted its stake in Enterprise Financial Services by 3.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Nuveen Asset Management LLC now owns 293,144 shares of the bank’s stock valued at $13,599,000 after buying an additional 10,662 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Enterprise Financial Services by 15.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Envestnet Asset Management Inc. now owns 22,862 shares of the bank’s stock valued at $1,061,000 after buying an additional 2,989 shares during the last quarter. ProShare Advisors LLC lifted its stake in Enterprise Financial Services by 16.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. ProShare Advisors LLC now owns 7,501 shares of the bank’s stock valued at $348,000 after buying an additional 1,052 shares during the last quarter. Western Financial Corporation lifted its stake in Enterprise Financial Services by 4.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Western Financial Corporation now owns 805,593 shares of the bank’s stock valued at $36,477,000 after buying an additional 34,840 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Enterprise Financial Services by 69.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Principal Financial Group Inc. now owns 31,946 shares of the bank’s stock valued at $1,482,000 after buying an additional 13,040 shares during the last quarter. Hedge funds and other institutional investors own 66.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. operates as a financial holding company. The firm engages in the provision of business and personal banking services and wealth management services. It also offers lending services which include commercial and industrial commercial real estate, real estate construction and development, residential real estate and consumer loans.

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January 6, 2022

Zacks: Analysts Anticipate Broadridge Financial Solutions, Inc. (NYSE:BR) Will Announce Quarterly Sales of $1.20 Billion

Wall Street analysts predict that Broadridge Financial Solutions, Inc. (NYSE:BR) will announce $1.20 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Broadridge Financial Solutions’ earnings, with the lowest sales estimate coming in at $1.15 billion and the highest estimate coming in at $1.24 billion. Broadridge Financial Solutions reported sales of $1.05 billion during the same quarter last year, which would suggest a positive year over year growth rate of 14.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company is expected to announce its next earnings results on Tuesday, February 1st.

According to Zacks, analysts expect that Broadridge Financial Solutions will report full-year sales of $5.59 billion for the current financial year, with estimates ranging from $5.46 billion to $5.70 billion. For the next financial year, analysts anticipate that the firm will post sales of $5.88 billion, with estimates ranging from $5.77 billion to $6.00 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Broadridge Financial Solutions.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, November 2nd. The business services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Broadridge Financial Solutions had a net margin of 10.62{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 41.21{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm’s quarterly revenue was up 17.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share.

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Separately, Raymond James boosted their target price on shares of Broadridge Financial Solutions from $187.00 to $192.00 and gave the stock an “outperform” rating in a research note on Thursday, November 4th.

In other news, VP Vijay Mayadas sold 25,208 shares of the company’s stock in a transaction dated Monday, November 29th. The shares were sold at an average price of $174.00, for a total transaction of $4,386,192.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 415 shares of the company’s stock in a transaction dated Tuesday, December 28th. The shares were sold at an average price of $185.04, for a total transaction of $76,791.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,180 shares of company stock worth $11,736,880. 1.90{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in Broadridge Financial Solutions by 0.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. BlackRock Inc. now owns 9,283,177 shares of the business services provider’s stock worth $1,546,949,000 after purchasing an additional 86,967 shares in the last quarter. State Street Corp grew its position in Broadridge Financial Solutions by 0.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. State Street Corp now owns 4,846,335 shares of the business services provider’s stock worth $785,564,000 after purchasing an additional 16,629 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Broadridge Financial Solutions by 2.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,811,623 shares of the business services provider’s stock worth $777,221,000 after purchasing an additional 112,745 shares in the last quarter. Geode Capital Management LLC grew its position in Broadridge Financial Solutions by 4.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Geode Capital Management LLC now owns 2,160,725 shares of the business services provider’s stock worth $359,184,000 after purchasing an additional 91,573 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Broadridge Financial Solutions by 156.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,268,126 shares of the business services provider’s stock worth $211,321,000 after purchasing an additional 774,130 shares in the last quarter. 86.57{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional investors.

Shares of NYSE:BR opened at $177.46 on Thursday. The company’s 50 day simple moving average is $176.38 and its 200 day simple moving average is $172.48. The stock has a market capitalization of $20.69 billion, a price-to-earnings ratio of 38.16 and a beta of 0.88. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.25 and a quick ratio of 1.25. Broadridge Financial Solutions has a 1 year low of $137.91 and a 1 year high of $185.40.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 5th. Investors of record on Wednesday, December 15th were issued a $0.64 dividend. The ex-dividend date of this dividend was Tuesday, December 14th. This represents a $2.56 annualized dividend and a yield of 1.44{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Broadridge Financial Solutions’s payout ratio is 55.05{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.

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December 16, 2021

Zacks: Analysts Anticipate Prudential Financial, Inc. (NYSE:PRU) Will Post Quarterly Sales of $13.39 Billion

Analysts forecast that Prudential Financial, Inc. (NYSE:PRU) will announce sales of $13.39 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Prudential Financial’s earnings, with the highest sales estimate coming in at $13.40 billion and the lowest estimate coming in at $13.39 billion. Prudential Financial posted sales of $15.08 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 11.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm is expected to issue its next earnings report on Thursday, February 3rd.

On average, analysts expect that Prudential Financial will report full year sales of $60.01 billion for the current financial year, with estimates ranging from $59.27 billion to $60.38 billion. For the next financial year, analysts expect that the firm will report sales of $56.32 billion, with estimates ranging from $53.82 billion to $60.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Prudential Financial.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Tuesday, November 2nd. The financial services provider reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $1.10. The business had revenue of $19.66 billion during the quarter, compared to analyst estimates of $13.24 billion. Prudential Financial had a net margin of 11.82{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 9.33{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same period last year, the business earned $3.21 EPS.

PRU has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Prudential Financial from $102.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, September 16th. The Goldman Sachs Group initiated coverage on shares of Prudential Financial in a report on Thursday, December 2nd. They set a “neutral” rating and a $115.00 price target on the stock. Morgan Stanley raised their price target on shares of Prudential Financial from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Thursday, November 18th. Finally, Royal Bank of Canada raised their price target on shares of Prudential Financial from $112.00 to $119.00 and gave the company a “sector perform” rating in a report on Thursday, November 4th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Prudential Financial currently has an average rating of “Hold” and an average price target of $107.18.

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In other Prudential Financial news, CEO Charles F. Lowrey sold 37,011 shares of Prudential Financial stock in a transaction that occurred on Friday, October 8th. The shares were sold at an average price of $110.00, for a total transaction of $4,071,210.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Timothy L. Schmidt sold 3,500 shares of Prudential Financial stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $112.26, for a total transaction of $392,910.00. The disclosure for this sale can be found here. 0.33{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in Prudential Financial by 103.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Nordea Investment Management AB now owns 4,485,930 shares of the financial services provider’s stock worth $477,078,000 after purchasing an additional 2,284,632 shares during the last quarter. Royal Bank of Canada increased its position in Prudential Financial by 255.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Royal Bank of Canada now owns 2,908,712 shares of the financial services provider’s stock worth $298,055,000 after purchasing an additional 2,090,578 shares during the last quarter. Amundi bought a new stake in Prudential Financial in the second quarter worth $206,722,000. Bank of New York Mellon Corp increased its position in Prudential Financial by 20.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Bank of New York Mellon Corp now owns 3,492,504 shares of the financial services provider’s stock worth $357,876,000 after purchasing an additional 603,664 shares during the last quarter. Finally, Invesco Ltd. increased its position in Prudential Financial by 24.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Invesco Ltd. now owns 3,081,505 shares of the financial services provider’s stock worth $324,174,000 after purchasing an additional 597,615 shares during the last quarter. Hedge funds and other institutional investors own 56.14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

NYSE:PRU opened at $106.93 on Thursday. The firm has a 50-day simple moving average of $109.04 and a two-hundred day simple moving average of $105.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market cap of $40.42 billion, a P/E ratio of 5.84, a P/E/G ratio of 0.79 and a beta of 1.63. Prudential Financial has a fifty-two week low of $74.58 and a fifty-two week high of $115.52.

Prudential Financial declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 9th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 3.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 16th. Investors of record on Tuesday, November 23rd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend is Monday, November 22nd. Prudential Financial’s payout ratio is 25.12{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Prudential Financial

Prudential Financial, Inc engages in the provision of financial products and services including life insurance, annuities, mutual funds, and investment management to both individual and institutional customers. It operates through the following segments: PGIM, International Businesses, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, Closed Block, and Corporate and Others.

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Get a free copy of the Zacks research report on Prudential Financial (PRU)

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Should you invest $1,000 in Prudential Financial right now?

Before you consider Prudential Financial, you’ll want to hear this.

While Prudential Financial currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

December 12, 2021

Brokerages Anticipate SVB Financial Group (NASDAQ:SIVB) Will Post Quarterly Sales of $1.44 Billion

Equities analysts predict that SVB Financial Group (NASDAQ:SIVB) will post sales of $1.44 billion for the current quarter, according to Zacks. Six analysts have issued estimates for SVB Financial Group’s earnings, with the highest sales estimate coming in at $1.56 billion and the lowest estimate coming in at $1.35 billion. SVB Financial Group posted sales of $1.21 billion during the same quarter last year, which would indicate a positive year over year growth rate of 19{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business is scheduled to report its next quarterly earnings results on Thursday, January 20th.

On average, analysts expect that SVB Financial Group will report full year sales of $5.88 billion for the current financial year, with estimates ranging from $5.79 billion to $6.00 billion. For the next fiscal year, analysts expect that the business will report sales of $6.51 billion, with estimates ranging from $6.17 billion to $7.04 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover SVB Financial Group.

SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Wednesday, October 20th. The bank reported $6.24 earnings per share for the quarter, topping the consensus estimate of $5.04 by $1.20. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.31 billion. SVB Financial Group had a return on equity of 18.95{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 31.79{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same quarter in the previous year, the business earned $8.47 earnings per share.

A number of brokerages have weighed in on SIVB. Morgan Stanley upgraded SVB Financial Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $775.00 to $985.00 in a research note on Monday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $780.00 price objective (up previously from $743.00) on shares of SVB Financial Group in a research note on Friday, October 22nd. Truist boosted their price objective on SVB Financial Group from $700.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, October 25th. Stephens boosted their price objective on SVB Financial Group from $700.00 to $790.00 and gave the company an “equal weight” rating in a research note on Thursday, October 28th. Finally, Keefe, Bruyette & Woods raised SVB Financial Group from a “market perform” rating to an “outperform” rating and set a $700.00 target price on the stock in a report on Tuesday, September 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $769.95.

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In related news, insider Michael Descheneaux sold 2,200 shares of the stock in a transaction dated Tuesday, November 9th. The stock was sold at an average price of $736.09, for a total transaction of $1,619,398.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Laura Izurieta sold 6,062 shares of the stock in a transaction dated Monday, December 6th. The stock was sold at an average price of $688.94, for a total value of $4,176,354.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,620 shares of company stock worth $15,133,863. 0.68{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in SIVB. JPMorgan Chase & Co. increased its stake in SVB Financial Group by 103.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. JPMorgan Chase & Co. now owns 2,428,967 shares of the bank’s stock worth $1,351,549,000 after acquiring an additional 1,235,927 shares during the last quarter. BlackRock Inc. increased its stake in SVB Financial Group by 9.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. BlackRock Inc. now owns 5,059,688 shares of the bank’s stock worth $3,273,011,000 after acquiring an additional 439,970 shares during the last quarter. Invesco Ltd. increased its stake in SVB Financial Group by 42.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Invesco Ltd. now owns 1,238,752 shares of the bank’s stock worth $801,323,000 after acquiring an additional 372,184 shares during the last quarter. Amundi acquired a new stake in shares of SVB Financial Group in the second quarter valued at about $199,823,000. Finally, Macquarie Group Ltd. grew its stake in shares of SVB Financial Group by 1,057.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Macquarie Group Ltd. now owns 349,276 shares of the bank’s stock valued at $194,347,000 after buying an additional 319,110 shares in the last quarter. Institutional investors own 86.77{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

SIVB stock opened at $703.92 on Friday. The business has a 50 day moving average price of $714.23 and a 200 day moving average price of $625.56. The stock has a market cap of $41.31 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.69 and a beta of 1.90. SVB Financial Group has a fifty-two week low of $348.36 and a fifty-two week high of $763.22. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.15.

About SVB Financial Group

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 comprises of results from the commercial bank, private equity division, SVB wine, SVB analytics, and debt fund investments.

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Should you invest $1,000 in SVB Financial Group right now?

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While SVB Financial Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

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December 8, 2021

Zacks: Analysts Anticipate CNB Financial Co. (NASDAQ:CCNE) Will Announce Quarterly Sales of $49.60 Million

Analysts forecast that CNB Financial Co. (NASDAQ:CCNE) will announce $49.60 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for CNB Financial’s earnings, with the lowest sales estimate coming in at $49.10 million and the highest estimate coming in at $50.10 million. CNB Financial posted sales of $48.08 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business is scheduled to issue its next quarterly earnings report on Tuesday, January 25th.

According to Zacks, analysts expect that CNB Financial will report full year sales of $191.85 million for the current fiscal year, with estimates ranging from $191.80 million to $191.90 million. For the next year, analysts forecast that the company will post sales of $203.00 million, with estimates ranging from $201.40 million to $204.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover CNB Financial.

CNB Financial (NASDAQ:CCNE) last issued its quarterly earnings results on Sunday, October 24th. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. CNB Financial had a return on equity of 15.47{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 24.00{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $48.71 million for the quarter, compared to the consensus estimate of $48.10 million.

CCNE has been the subject of a number of analyst reports. Boenning Scattergood reiterated an “outperform” rating on shares of CNB Financial in a research note on Friday, August 20th. Zacks Investment Research upgraded shares of CNB Financial from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday.

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In other CNB Financial news, COO Michael D. Peduzzi purchased 5,000 shares of the firm’s stock in a transaction on Friday, September 10th. The shares were acquired at an average cost of $24.18 per share, for a total transaction of $120,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.77{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in CNB Financial by 12.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. Royal Bank of Canada now owns 10,926 shares of the bank’s stock valued at $269,000 after acquiring an additional 1,239 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of CNB Financial by 8.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 2nd quarter. Exchange Traded Concepts LLC now owns 21,609 shares of the bank’s stock worth $493,000 after buying an additional 1,760 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of CNB Financial by 40.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 2nd quarter. New York State Common Retirement Fund now owns 15,825 shares of the bank’s stock worth $361,000 after buying an additional 4,525 shares during the last quarter. American Century Companies Inc. raised its stake in CNB Financial by 32.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. American Century Companies Inc. now owns 34,891 shares of the bank’s stock valued at $796,000 after purchasing an additional 8,477 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in CNB Financial in the 2nd quarter valued at about $535,000. Institutional investors own 39.34{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Shares of CCNE opened at $27.06 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50-day moving average price of $25.83. The firm has a market cap of $457.12 million, a P/E ratio of 9.82 and a beta of 0.98. CNB Financial has a one year low of $20.20 and a one year high of $28.59.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st will be issued a $0.175 dividend. The ex-dividend date is Tuesday, November 30th. This represents a $0.70 annualized dividend and a yield of 2.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a boost from CNB Financial’s previous quarterly dividend of $0.17. CNB Financial’s dividend payout ratio (DPR) is currently 25.36{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

CNB Financial Company Profile

CNB Financial Corp. is a financial holding company, which engages in the provision of banking and financial solutions. It offers deposit accounts, private banking, real estate, commercial, industrial, residential and consumer loans, lines of credit, credit cards, treasury services, online banking, mobile banking, merchant credit card processing, remote deposit, and accounts receivable handling.

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Get a free copy of the Zacks research report on CNB Financial (CCNE)

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Should you invest $1,000 in CNB Financial right now?

Before you consider CNB Financial, you’ll want to hear this.

While CNB Financial currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here