SVB Financial Group Given Average Recommendation of “Buy” by Brokerages (NASDAQ:SIVB)
Shares of SVB Financial Group (NASDAQ:SIVB) have received a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the stock, Stock Ratings Network reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $124.85.
A number of research firms have recently commented on SIVB. Analysts at Keefe, Bruyette & Woods raised their price target on shares of SVB Financial Group from $120.00 to $130.00 in a research note on Tuesday, July 29th. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SVB Financial Group in a research note on Friday, July 25th. They now have a $140.00 price target on the stock, up previously from $135.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of SVB Financial Group in a research note on Friday, July 25th. They now have a $123.00 price target on the stock, up previously from $121.00.
Shares of SVB Financial Group (NASDAQ:SIVB) opened at 107.18 on Monday. SVB Financial Group has a one year low of $79.54 and a one year high of $135.00. The stock’s 50-day moving average is $110.3 and its 200-day moving average is $114.2. The company has a market cap of $5.437 billion and a price-to-earnings ratio of 18.70.
SVB Financial Group (NASDAQ:SIVB) last released its earnings data on Thursday, July 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.16. During the same quarter in the previous year, the company posted $1.06 earnings per share. Analysts expect that SVB Financial Group will post $5.49 EPS for the current fiscal year.
In other SVB Financial Group news, Insider Marc J. Verissimo sold 7,386 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $105.37, for a total transaction of $778,262.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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