SVB Financial Group (NASDAQ:SIVB) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other equities research analysts have also commented on the company. Jefferies Group LLC restated a “buy” rating and set a $216.00 price objective on shares of SVB Financial Group in a research report on Friday, August 11th. Maxim Group raised their price objective on SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub lowered SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Stephens restated a “buy” rating and set a $205.00 price objective on shares of SVB Financial Group in a research report on Friday, July 28th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $212.00 price objective on shares of SVB Financial Group in a research report on Friday, July 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $202.75.

SVB Financial Group (NASDAQ SIVB) traded down 4.50% on Thursday, hitting $166.30. 447,759 shares of the stock were exchanged. The company has a market cap of $8.76 billion, a PE ratio of 20.21 and a beta of 1.59. The company’s 50-day moving average is $179.10 and its 200-day moving average is $181.04. SVB Financial Group has a 52 week low of $103.12 and a 52 week high of $198.83.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.27. SVB Financial Group had a return on equity of 11.27% and a net margin of 24.36%. The firm had revenue of $471.70 million during the quarter, compared to analyst estimates of $451.96 million. During the same period last year, the company posted $1.78 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that SVB Financial Group will post $8.99 earnings per share for the current year.

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In related news, insider Michael Descheneaux sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $182.07, for a total value of $637,245.00. Following the transaction, the insider now directly owns 14,064 shares of the company’s stock, valued at approximately $2,560,632.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philip C. Cox sold 3,024 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total value of $552,787.20. Following the completion of the transaction, the insider now directly owns 2,872 shares in the company, valued at $525,001.60. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Trust N.A. increased its position in shares of SVB Financial Group by 0.3% in the second quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock worth $259,000 after buying an additional 4 shares during the last quarter. Moody Lynn & Lieberson LLC increased its position in shares of SVB Financial Group by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,942 shares of the bank’s stock worth $547,000 after buying an additional 8 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of SVB Financial Group by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock worth $1,347,000 after buying an additional 20 shares during the last quarter. Capital One National Association increased its position in shares of SVB Financial Group by 0.8% in the first quarter. Capital One National Association now owns 4,342 shares of the bank’s stock worth $808,000 after buying an additional 35 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in shares of SVB Financial Group by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,015 shares of the bank’s stock worth $1,678,000 after buying an additional 38 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

SVB Financial Group Company Profile

SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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