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SVB Financial Group (NASDAQ:SIVB) was upgraded by research analysts at Citigroup Inc. from a “market perform” rating to an “outperform” rating in a report released on Thursday. The firm currently has a $115.00 price objective on the stock, down from their previous price objective of $135.00. Citigroup Inc.’s target price points to a potential upside of 2.72% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital upgraded shares of SVB Financial Group from a “sector perform” rating to an “outperform” rating in a research note on Thursday. They now have a $135.00 price target on the stock, up previously from $115.00. Finally, analysts at Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of SVB Financial Group in a research note on Friday, May 16th. They now have a $120.00 price target on the stock, down previously from $130.00. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $120.86.

SVB Financial Group (NASDAQ:SIVB) traded up 2.79% during mid-day trading on Thursday, hitting $115.078. 87,681 shares of the company’s stock traded hands. SVB Financial Group has a 52 week low of $74.43 and a 52 week high of $135.00. The stock has a 50-day moving average of $106.9 and a 200-day moving average of $111.7. The company has a market cap of $5.298 billion and a P/E ratio of 19.46. SVB Financial Group also was the recipient of a large increase in short interest during the month of May. As of May 30th, there was short interest totalling 838,028 shares, an increase of 27.9% from the May 15th total of 655,108 shares. Based on an average trading volume of 683,391 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.7% of the company’s stock are sold short.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.57 by $0.38. During the same quarter in the prior year, the company posted $0.90 earnings per share. Analysts expect that SVB Financial Group will post $5.40 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.

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