SVB Financial Group (SIVB) Receives Average Rating of “Buy” from Analysts
SVB Financial Group (NASDAQ:SIVB) has been given an average recommendation of “Buy” by the sixteen ratings firms that are presently covering the company. Two equities research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $132.88.
A number of research analysts have weighed in on the company. Barclays PLC raised their price target on SVB Financial Group from $117.00 to $127.00 and gave the company an “overweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of SVB Financial Group in a research report on Wednesday. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Friday, October 7th. JMP Securities initiated coverage on SVB Financial Group in a research report on Friday, September 16th. They issued an “outperform” rating and a $130.00 price objective for the company. Finally, DA Davidson cut SVB Financial Group from a “buy” rating to a “neutral” rating in a research report on Friday, July 22nd.
In other SVB Financial Group news, CFO Michael Descheneaux sold 8,378 shares of SVB Financial Group stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $103.21, for a total value of $864,693.38. Following the completion of the transaction, the chief financial officer now directly owns 15,079 shares of the company’s stock, valued at approximately $1,556,303.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $106.38, for a total value of $212,760.00. Following the completion of the transaction, the director now directly owns 11,897 shares of the company’s stock, valued at $1,265,602.86. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.
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Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of SVB Financial Group by 1,091.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,442 shares of the company’s stock valued at $137,000 after buying an additional 1,321 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of SVB Financial Group during the second quarter valued at about $141,000. Quantbot Technologies LP acquired a new position in shares of SVB Financial Group during the second quarter valued at about $144,000. Advisory Services Network LLC raised its position in shares of SVB Financial Group by 160.7% in the third quarter. Advisory Services Network LLC now owns 1,418 shares of the company’s stock valued at $157,000 after buying an additional 874 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of SVB Financial Group during the second quarter valued at about $204,000. Institutional investors own 92.23% of the company’s stock.
Shares of SVB Financial Group (NASDAQ:SIVB) traded down 3.74% on Thursday, hitting $113.65. The stock had a trading volume of 299,264 shares. The company has a market cap of $5.91 billion, a PE ratio of 17.35 and a beta of 1.63. The stock’s 50-day moving average price is $109.93 and its 200 day moving average price is $103.93. SVB Financial Group has a 52 week low of $77.87 and a 52 week high of $141.75.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.08. SVB Financial Group had a return on equity of 9.90% and a net margin of 22.00%. On average, analysts predict that SVB Financial Group will post $6.81 EPS for the current year.
About SVB Financial Group
SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.
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