Jefferies Group Reiterates Buy Rating for SVB Financial Group (SIVB)

SVB Financial Group (NASDAQ:SIVB)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group in a report released on Friday. Jefferies Group also issued estimates for SVB Financial Group’s Q1 2018 earnings at $3.17 EPS.

Other analysts have also issued research reports about the company. SunTrust Banks reissued a “buy” rating and issued a $245.00 target price on shares of SVB Financial Group in a report on Friday, November 17th. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a report on Wednesday, December 27th. 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. Stephens reaffirmed a “buy” rating on shares of SVB Financial Group in a report on Friday. Finally, Barclays lifted their price objective on SVB Financial Group from $217.00 to $251.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. SVB Financial Group has a consensus rating of “Buy” and a consensus target price of $230.71.

SVB Financial Group (NASDAQ SIVB) traded down $3.30 during mid-day trading on Friday, reaching $257.83. The company had a trading volume of 755,015 shares, compared to its average volume of 337,830. SVB Financial Group has a one year low of $159.44 and a one year high of $263.09. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The company has a market cap of $13,772.19, a price-to-earnings ratio of 27.99, a PEG ratio of 1.75 and a beta of 1.62.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.45 by ($0.26). SVB Financial Group had a net margin of 24.25% and a return on equity of 13.05%. The company had revenue of $545.97 million for the quarter, compared to the consensus estimate of $523.45 million. During the same period last year, the business earned $1.89 EPS. equities research analysts predict that SVB Financial Group will post 13.6 earnings per share for the current year.

In related news, insider Kamran F. Husain sold 2,890 shares of SVB Financial Group stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $220.20, for a total transaction of $636,378.00. Following the transaction, the insider now directly owns 890 shares in the company, valued at $195,978. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Benhamou sold 2,000 shares of SVB Financial Group 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 sold 20,291 shares of company stock valued at $4,558,918 in the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIVB. BlackRock Inc. grew its position in shares of SVB Financial Group by 16.5% during the 2nd quarter. BlackRock Inc. now owns 5,287,595 shares of the bank’s stock valued at $929,507,000 after acquiring an additional 748,591 shares during the period. Harding Loevner LP increased its holdings in SVB Financial Group by 209.0% in the 3rd quarter. Harding Loevner LP now owns 4,817,712 shares of the bank’s stock valued at $284,617,000 after purchasing an additional 3,258,700 shares during the last quarter. Vanguard Group Inc. increased its holdings in SVB Financial Group by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,376,567 shares of the bank’s stock valued at $769,356,000 after purchasing an additional 170,941 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in SVB Financial Group by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,489,781 shares of the bank’s stock valued at $464,570,000 after purchasing an additional 354,948 shares during the last quarter. Finally, State Street Corp increased its holdings in SVB Financial Group by 13.5% in the 2nd quarter. State Street Corp now owns 2,433,130 shares of the bank’s stock valued at $427,721,000 after purchasing an additional 288,697 shares during the last quarter. Institutional investors own 91.90% of the company’s stock.

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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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