SVB Financial Group Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:SIVB)
SVB Financial Group (NASDAQ:SIVB) has received an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the company, Analyst Ratings News reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $124.85.
SVB Financial Group (NASDAQ:SIVB) opened at 109.33 on Monday. SVB Financial Group has a one year low of $79.54 and a one year high of $135.00. The stock has a 50-day moving average of $109.4 and a 200-day moving average of $114.0. The company has a market cap of $5.547 billion and a P/E ratio of 18.96.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.16. During the same quarter in the prior 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.
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.
In other SVB Financial Group news, COO Bruce Wallace sold 2,875 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $107.95, for a total transaction of $310,356.25. The sale was disclosed in a filing with the SEC, which is available at 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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