SVB Financial Group (SIVB) Downgraded by ValuEngine to “Hold”

SVB Financial Group (NASDAQ:SIVB) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities analysts have also recently issued reports on SIVB. Jefferies Group reiterated a “buy” rating and set a $216.00 target price on shares of SVB Financial Group in a research report on Friday, August 11th. Zacks Investment Research cut SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Morgan Stanley reiterated an “overweight” rating and set a $213.00 target price (up previously from $210.00) on shares of SVB Financial Group in a research report on Wednesday, October 4th. Maxim Group reiterated a “buy” rating and set a $250.00 target price (up previously from $220.00) on shares of SVB Financial Group in a research report on Monday, October 30th. Finally, Barclays set a $217.00 target price on SVB Financial Group and gave the stock a “hold” rating in a research report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $216.21.

SVB Financial Group (SIVB) traded up $0.53 during midday trading on Friday, reaching $228.17. The company’s stock had a trading volume of 401,101 shares, compared to its average volume of 346,923. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.59 and a quick ratio of 0.59. SVB Financial Group has a 52 week low of $158.24 and a 52 week high of $233.46. The firm has a market cap of $12,005.90, a PE ratio of 25.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.62.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.50. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The company had revenue of $533.40 million for the quarter, compared to analysts’ expectations of $490.56 million. During the same quarter in the previous year, the firm posted $2.12 EPS. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. research analysts predict that SVB Financial Group will post 9.5 earnings per share for the current year.

In other SVB Financial Group news, insider Christopher Edmonds-Waters sold 3,630 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total transaction of $761,791.80. Following the sale, the insider now owns 5,918 shares in the company, valued at approximately $1,241,951.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Marc C. Cadieux sold 2,260 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $219.34, for a total value of $495,708.40. Following the sale, the insider now owns 15,971 shares in the company, valued at approximately $3,503,079.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,780 shares of company stock worth $1,893,878. Insiders own 0.73% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Raymond James Trust N.A. grew its holdings 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 buying an additional 4 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings 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 buying an additional 20 shares during the last quarter. Pacer Advisors Inc. grew its holdings 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 buying an additional 87 shares during the last quarter. Utah Retirement Systems grew its holdings 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 buying an additional 100 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in SVB Financial Group by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock valued at $2,844,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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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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