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SVB Financial Group (NASDAQ:SIVB) was upgraded by stock analysts at Evercore Partners from an “equal weight” rating to an “overweight” rating in a report issued on Friday, TheFlyOnTheWall.com reports.

SIVB has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of SVB Financial Group in a research note to investors on Wednesday, January 15th. They now have a $108.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of SVB Financial Group from $85.00 to $93.00 in a research note to investors on Tuesday, October 29th. They now have a “hold” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of SVB Financial Group from $100.00 to $110.00 in a research note to investors on Monday, October 28th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. SVB Financial Group has a consensus rating of “Hold” and a consensus price target of $97.08.

Shares of SVB Financial Group (NASDAQ:SIVB) traded up 3.36% during mid-day trading on Friday, hitting $113.97. 1,094,854 shares of the company’s stock traded hands. SVB Financial Group has a 52-week low of $60.76 and a 52-week high of $111.70. The stock’s 50-day moving average is $103.4 and its 200-day moving average is $93.49. The company has a market cap of $5.205 billion and a price-to-earnings ratio of 24.24.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $1.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.10 by $0.17. During the same quarter last year, the company posted $1.12 earnings per share. Analysts expect that SVB Financial Group will post $4.52 EPS for the current fiscal year.

SVB Financial Group (NASDAQ:SIVB) is a diversified financial services company, as well as a bank holding company and financial holding company.

The Fly On The Wall

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