Keefe, Bruyette & Woods Increases SVB Financial Group Price Target to $110.00 (SIVB)
Analysts at Keefe, Bruyette & Woods boosted their price objective on shares of SVB Financial Group (NASDAQ:SIVB) from $100.00 to $110.00 in a research report issued to clients and investors on Monday, StockRatingsNetwork reports. Keefe, Bruyette & Woods’ price objective points to a potential upside of 12.51% from the stock’s previous close.
SVB Financial Group (NASDAQ:SIVB) traded up 1.43% during mid-day trading on Monday, hitting $97.77. 303,531 shares of the company’s stock traded hands. SVB Financial Group has a 1-year low of $52.40 and a 1-year high of $91.46. The stock has a 50-day moving average of $86.20 and a 200-day moving average of $77.62. The company has a market cap of $4.459 billion and a price-to-earnings ratio of 21.19.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.02. During the same quarter in the previous year, the company posted $0.94 earnings per share. Analysts expect that SVB Financial Group will post $4.48 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sandler O’Neill raised their price target on shares of SVB Financial Group from $92.00 to $96.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of SVB Financial Group from $95.00 to $105.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at DA Davidson reiterated a “neutral” rating on shares of SVB Financial Group in a research note to investors on Friday. They now have a $100.00 price target on the stock, up previously from $93.00. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $93.17.
SVB Financial Group (NASDAQ:SIVB) is a diversified financial services company, as well as a bank holding company and financial holding company.
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