SVB Financial Group (SIVB) Stock Rating Reaffirmed by SunTrust Banks

SVB Financial Group (NASDAQ:SIVB)‘s stock had its “buy” rating restated by investment analysts at SunTrust Banks in a report issued on Wednesday. They currently have a $280.00 price objective on the bank’s stock. SunTrust Banks’ price target would suggest a potential upside of 17.81% from the company’s previous close. SunTrust Banks also issued estimates for SVB Financial Group’s Q4 2017 earnings at $2.45 EPS, FY2017 earnings at $9.46 EPS, Q1 2018 earnings at $2.91 EPS, Q2 2018 earnings at $3.06 EPS, Q3 2018 earnings at $3.26 EPS, Q4 2018 earnings at $3.38 EPS, FY2018 earnings at $12.60 EPS and FY2019 earnings at $15.09 EPS.

A number of other equities research analysts also recently issued reports on SIVB. ValuEngine downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Barclays boosted their price target on SVB Financial Group from $217.00 to $251.00 and gave the company an “equal weight” rating in a research report on Tuesday. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 price target for the company in a research report on Wednesday, December 27th. Morgan Stanley reissued an “overweight” rating and set a $213.00 price target (up previously from $210.00) on shares of SVB Financial Group in a research report on Wednesday, October 4th. Finally, Maxim Group reissued a “buy” rating and set a $250.00 price target (up previously from $220.00) on shares of SVB Financial Group in a research report on Monday, October 30th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $222.86.

SVB Financial Group (NASDAQ:SIVB) traded up $0.29 during trading on Wednesday, reaching $237.67. The company had a trading volume of 341,800 shares, compared to its average volume of 368,850. The firm has a market capitalization of $12,670.00, a price-to-earnings ratio of 26.70, a P/E/G ratio of 1.81 and a beta of 1.62. SVB Financial Group has a 52-week low of $159.44 and a 52-week high of $242.92. 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 (NASDAQ:SIVB) last posted its quarterly 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. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The firm had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. During the same quarter in the previous year, the business earned $2.12 earnings per share. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. equities research analysts forecast that SVB Financial Group will post 9.64 EPS for the current fiscal year.

In other news, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $226.01, for a total value of $452,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kamran F. Husain sold 2,890 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $220.20, for a total value of $636,378.00. Following the completion of the sale, the insider now directly owns 890 shares of the company’s stock, valued at approximately $195,978. 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. Company insiders own 0.73% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. lifted its stake in shares of SVB Financial Group by 778.6% in the third quarter. Prudential Financial Inc. now owns 291,144 shares of the bank’s stock worth $54,470,000 after acquiring an additional 258,006 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of SVB Financial Group by 18.8% in the third quarter. Parametric Portfolio Associates LLC now owns 119,288 shares of the bank’s stock worth $22,318,000 after acquiring an additional 18,889 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of SVB Financial Group by 9.3% in the third quarter. Public Employees Retirement System of Ohio now owns 46,138 shares of the bank’s stock worth $8,632,000 after acquiring an additional 3,909 shares in the last quarter. Ashford Capital Management Inc. lifted its stake in shares of SVB Financial Group by 0.4% in the third quarter. Ashford Capital Management Inc. now owns 103,734 shares of the bank’s stock worth $19,408,000 after acquiring an additional 454 shares in the last quarter. Finally, Green Square Capital LLC acquired a new position in shares of SVB Financial Group in the third quarter worth about $206,000. 91.45% of the stock is 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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