Shares of SVB Financial Group (NASDAQ:SIVB) have been given an average recommendation of “Buy” by the sixteen ratings firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $213.85.

A number of research analysts have recently issued reports on the company. ValuEngine lowered SVB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $247.00 target price on the stock in a report on Tuesday, October 31st. Barclays set a $217.00 target price on SVB Financial Group and gave the company a “hold” rating in a report on Monday, October 30th. Maxim Group reissued a “buy” rating and issued a $250.00 target price (up previously from $220.00) on shares of SVB Financial Group in a report on Monday, October 30th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $245.00 price objective on shares of SVB Financial Group in a report on Friday, November 17th.

SVB Financial Group (NASDAQ SIVB) opened at $228.66 on Thursday. The stock has a market capitalization of $12,197.35, a P/E ratio of 25.96, a PEG ratio of 2.21 and a beta of 1.62. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.18. SVB Financial Group has a twelve month low of $159.44 and a twelve month high of $236.18.

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, beating the Zacks’ consensus estimate of $2.29 by $0.50. The business had revenue of $533.40 million for the quarter, compared to analyst estimates of $490.56 million. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 earnings per share. sell-side analysts forecast that SVB Financial Group will post 9.5 EPS for the current year.

In other SVB Financial Group news, insider Marc C. Cadieux sold 2,260 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was 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 of the company’s stock, valued at $3,503,079.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $226.01, for a total value of $452,020.00. The disclosure for this sale can be found here. Insiders have sold 10,780 shares of company stock worth $2,345,898 in the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. BDO Wealth Advisors LLC acquired a new stake in SVB Financial Group in the second quarter valued at $109,000. Peddock Capital Advisors LLC acquired a new stake in SVB Financial Group in the second quarter valued at $130,000. Global X Management Co. LLC grew its holdings in SVB Financial Group by 58.6% in the second quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock valued at $137,000 after purchasing an additional 289 shares during the last quarter. Toronto Dominion Bank grew its holdings in SVB Financial Group by 525.6% in the second quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock valued at $137,000 after purchasing an additional 657 shares during the last quarter. Finally, Tredje AP fonden acquired a new stake in SVB Financial Group in the second quarter valued at $144,000. 91.77% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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