Morgan Stanley Raises SVB Financial Group (SIVB) Price Target to $280.00

SVB Financial Group (NASDAQ:SIVB) had its price objective boosted by investment analysts at Morgan Stanley from $275.00 to $280.00 in a note issued to investors on Wednesday. The firm currently has an “overweight” rating on the bank’s stock. Morgan Stanley’s price target suggests a potential upside of 12.57% from the company’s current price.

Other equities analysts have also issued research reports about the stock. SunTrust Banks reaffirmed a “buy” rating and set a $245.00 target price on shares of SVB Financial Group in a research report on Friday, November 17th. Zacks Investment Research raised shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a report on Wednesday, December 27th. Maxim Group reissued a “buy” rating and issued a $250.00 price target (up previously from $220.00) on shares of SVB Financial Group in a report on Monday, October 30th. Stephens reissued a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Finally, Jefferies Group reissued a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $239.92.

Shares of SVB Financial Group (NASDAQ:SIVB) traded up $1.71 during mid-day trading on Wednesday, reaching $248.73. 48,140 shares of the company were exchanged, compared to its average volume of 388,196. SVB Financial Group has a fifty-two week low of $159.44 and a fifty-two week high of $263.09. The company has a market capitalization of $13,030.00, a price-to-earnings ratio of 27.15, a P/E/G ratio of 1.64 and a beta of 1.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.59.

SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. 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 firm posted $1.89 EPS. equities analysts anticipate that SVB Financial Group will post 13.85 EPS for the current fiscal year.

In other news, insider Marc C. Cadieux sold 2,260 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Edmonds-Waters sold 3,630 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total transaction of $761,791.80. Following the completion of the sale, the insider now owns 5,918 shares in the company, valued at approximately $1,241,951.48. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock worth $3,922,540 in the last three months. Insiders own 0.73% of the company’s stock.

Large investors have recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in shares of SVB Financial Group by 525.6% in the 2nd quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock valued at $137,000 after purchasing an additional 657 shares in the last quarter. Lourd Capital LLC acquired a new stake in shares of SVB Financial Group in the 4th quarter valued at $207,000. Welch & Forbes LLC acquired a new stake in shares of SVB Financial Group in the 4th quarter valued at $222,000. Green Square Capital LLC acquired a new stake in shares of SVB Financial Group in the 3rd quarter valued at $206,000. Finally, Wade G W & Inc. acquired a new stake in shares of SVB Financial Group in the 3rd quarter valued at $222,000. Institutional investors own 91.72% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking and Market News and is owned by of American Banking and Market News. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.americanbankingnews.com/2018/01/31/morgan-stanley-raises-svb-financial-group-sivb-price-target-to-280-00.html.

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)