Bank of America set a $275.00 price objective on SVB Financial Group (NASDAQ:SIVB) in a research note released on Friday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the bank’s stock.
Other analysts have also recently issued reports about the company. Raymond James raised their price target on SVB Financial Group from $280.00 to $285.00 and gave the company a strong-buy rating in a report on Friday. ValuEngine raised SVB Financial Group from a sell rating to a hold rating in a report on Tuesday, April 16th. FIG Partners cut SVB Financial Group from an outperform rating to a market perform rating in a report on Friday. BidaskClub cut SVB Financial Group from a sell rating to a strong sell rating in a report on Tuesday, March 26th. Finally, Zacks Investment Research raised SVB Financial Group from a hold rating to a buy rating and set a $242.00 price objective for the company in a report on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $311.96.
SIVB opened at $247.63 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $13.04 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.63 and a beta of 2.01. SVB Financial Group has a 12 month low of $177.70 and a 12 month high of $333.74.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $5.44 EPS for the quarter, beating the consensus estimate of $4.73 by $0.71. The business had revenue of $793.26 million during the quarter, compared to analysts’ expectations of $744.49 million. SVB Financial Group had a return on equity of 21.28% and a net margin of 36.09%. During the same period last year, the firm earned $3.63 EPS. As a group, research analysts forecast that SVB Financial Group will post 20.44 EPS for the current fiscal year.
In related news, insider John China sold 11,200 shares of SVB Financial Group stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $249.12, for a total value of $2,790,144.00. Following the transaction, the insider now owns 22,172 shares in the company, valued at $5,523,488.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michelle Draper sold 1,748 shares of SVB Financial Group stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $238.44, for a total value of $416,793.12. Following the completion of the transaction, the insider now owns 7,573 shares in the company, valued at approximately $1,805,706.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,617 shares of company stock valued at $4,096,266. Company insiders own 0.73% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Advisor Partners LLC boosted its holdings in SVB Financial Group by 2.8% in the first quarter. Advisor Partners LLC now owns 1,769 shares of the bank’s stock valued at $393,000 after acquiring an additional 49 shares during the last quarter. Middleton & Co Inc MA boosted its holdings in SVB Financial Group by 0.5% in the first quarter. Middleton & Co Inc MA now owns 10,085 shares of the bank’s stock valued at $2,243,000 after acquiring an additional 50 shares during the last quarter. We Are One Seven LLC boosted its holdings in SVB Financial Group by 5.9% in the fourth quarter. We Are One Seven LLC now owns 1,090 shares of the bank’s stock valued at $207,000 after acquiring an additional 61 shares during the last quarter. Park National Corp OH boosted its holdings in SVB Financial Group by 3.9% in the fourth quarter. Park National Corp OH now owns 2,275 shares of the bank’s stock valued at $432,000 after acquiring an additional 85 shares during the last quarter. Finally, Securian Asset Management Inc boosted its holdings in SVB Financial Group by 1.8% in the first quarter. Securian Asset Management Inc now owns 5,626 shares of the bank’s stock valued at $1,251,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 91.17% of the company’s stock.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.
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