SVB Financial Group (NASDAQ:SIVB) has been assigned a $217.00 price objective by research analysts at Barclays PLC in a note issued to investors on Monday. The brokerage currently has a “hold” rating on the bank’s stock. Barclays PLC’s price objective would indicate a potential downside of 1.80% from the company’s current price.

Several other analysts also recently commented on the stock. Maxim Group reissued a “buy” rating and issued a $250.00 target price (up from $220.00) on shares of SVB Financial Group in a research report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $213.00 target price (up from $210.00) on shares of SVB Financial Group in a research report on Wednesday, October 4th. Zacks Investment Research downgraded shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. ValuEngine downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $216.00 target price on shares of SVB Financial Group in a research report on Friday, August 11th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $211.83.

SVB Financial Group (NASDAQ:SIVB) traded down 0.24% during trading on Monday, reaching $220.42. 295,941 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $184.48 and its 200-day moving average price is $179.17. SVB Financial Group has a 52 week low of $116.59 and a 52 week high of $223.82. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 26.79 and a beta of 1.63.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 EPS for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.50. The firm had revenue of $533.40 million for the quarter, compared to the consensus estimate of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The firm’s revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 earnings per share. On average, equities analysts expect that SVB Financial Group will post $9.59 EPS for the current year.

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In related news, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $172.01, for a total transaction of $344,020.00. Following the completion of the transaction, the director now directly owns 6,672 shares in the company, valued at approximately $1,147,650.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Descheneaux sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total transaction of $637,245.00. Following the transaction, the insider now owns 14,064 shares of the company’s stock, valued at $2,560,632.48. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. raised its stake in SVB Financial Group by 0.3% during the 2nd quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock valued at $259,000 after purchasing an additional 4 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in SVB Financial Group by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock valued at $1,347,000 after purchasing an additional 20 shares during the last quarter. Pacer Advisors Inc. raised its stake in SVB Financial Group by 9.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after purchasing an additional 87 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in SVB Financial Group by 11.7% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock valued at $160,000 after purchasing an additional 90 shares during the last quarter. Finally, Utah Retirement Systems raised its stake in SVB Financial Group by 1.1% during the 2nd quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock valued at $1,687,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

About SVB Financial Group

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.

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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