SVB Financial Group (NASDAQ:SIVB) Receives Average Rating of “Buy” from Brokerages

SVB Financial Group (NASDAQ:SIVB) has earned an average recommendation of “Buy” from the twenty analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $771.74.

A number of research firms have weighed in on SIVB. Raymond James raised their price target on SVB Financial Group from $820.00 to $830.00 and gave the company an “outperform” rating in a research note on Thursday, November 18th. Stephens lifted their target price on SVB Financial Group from $700.00 to $790.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 28th. Wedbush raised their price target on SVB Financial Group from $775.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, October 22nd. Barclays raised their price target on SVB Financial Group from $755.00 to $789.00 and gave the stock an “equal weight” rating in a report on Monday, January 3rd. Finally, Zacks Investment Research lowered SVB Financial Group from a “hold” rating to a “sell” rating and set a $805.00 price target on the stock. in a report on Monday, October 25th.

In other news, insider Philip C. Cox sold 5,205 shares of the stock in a transaction that occurred on Monday, January 10th. The shares were sold at an average price of $721.39, for a total value of $3,754,834.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory W. Becker sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 1st. The stock was sold at an average price of $698.69, for a total transaction of $8,733,625.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,093 shares of company stock valued at $19,746,719. Insiders own 0.68% of the company’s stock.

A number of institutional investors have recently bought and sold shares of SIVB. First Horizon Advisors Inc. boosted its stake in SVB Financial Group by 987.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 87 shares of the bank’s stock worth $25,000 after purchasing an additional 79 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in SVB Financial Group in the 2nd quarter worth approximately $28,000. Liberty Wealth Management LLC lifted its position in SVB Financial Group by 51,951.6% in the 2nd quarter. Liberty Wealth Management LLC now owns 16,136 shares of the bank’s stock worth $29,000 after buying an additional 16,105 shares in the last quarter. Gradient Investments LLC lifted its position in SVB Financial Group by 5,000.0% in the 4th quarter. Gradient Investments LLC now owns 51 shares of the bank’s stock worth $35,000 after buying an additional 50 shares in the last quarter. Finally, West Oak Capital LLC lifted its position in SVB Financial Group by 114.3% in the 3rd quarter. West Oak Capital LLC now owns 75 shares of the bank’s stock worth $49,000 after buying an additional 40 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Shares of SVB Financial Group stock opened at $704.41 on Friday. The firm has a market capitalization of $41.34 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 3.07 and a beta of 1.87. SVB Financial Group has a fifty-two week low of $435.77 and a fifty-two week high of $763.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a 50 day moving average of $707.80 and a 200 day moving average of $645.86.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Wednesday, October 20th. The bank reported $6.24 EPS for the quarter, topping the consensus estimate of $5.04 by $1.20. SVB Financial Group had a return on equity of 18.95% and a net margin of 31.79%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business posted $8.47 earnings per share. Analysts forecast that SVB Financial Group will post 32.82 EPS for the current year.

SVB Financial Group Company Profile

SVB Financial Group is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. The Global Commercial Bank segment comprises of results from the commercial bank, private equity division, SVB wine, SVB analytics, and debt fund investments.

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Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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