SVB Financial Group (NASDAQ:SIVB) has received an average rating of “Buy” from the twenty analysts that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $259.14.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.
Several research analysts have weighed in on the company. SunTrust Banks set a $250.00 price objective on SVB Financial Group and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Wedbush upped their price target on SVB Financial Group from $222.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JMP Securities dropped their price target on SVB Financial Group to $275.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Morgan Stanley upped their price target on SVB Financial Group from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada set a $265.00 price target on SVB Financial Group and gave the company a “buy” rating in a research report on Friday, October 25th.
Shares of NASDAQ SIVB traded down $0.85 during midday trading on Thursday, hitting $238.60. 307,500 shares of the stock traded hands, compared to its average volume of 511,038. The business has a 50 day moving average price of $211.88 and a two-hundred day moving average price of $216.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.71 and a current ratio of 0.66. SVB Financial Group has a one year low of $177.70 and a one year high of $263.16. The company has a market cap of $12.35 billion, a PE ratio of 13.09, a P/E/G ratio of 1.41 and a beta of 2.17.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $5.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.99 by $0.16. SVB Financial Group had a return on equity of 20.38% and a net margin of 33.95%. The business had revenue of $814.65 million for the quarter, compared to analysts’ expectations of $805.27 million. During the same quarter in the previous year, the firm earned $5.10 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts forecast that SVB Financial Group will post 21.29 EPS for the current fiscal year.
In related news, insider Philip C. Cox sold 848 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $225.00, for a total transaction of $190,800.00. Following the sale, the insider now owns 8,264 shares of the company’s stock, valued at approximately $1,859,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Descheneaux sold 2,500 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $236.12, for a total value of $590,300.00. Following the sale, the insider now directly owns 21,938 shares in the company, valued at approximately $5,180,000.56. The disclosure for this sale can be found here. Insiders have sold a total of 4,348 shares of company stock worth $1,005,270 in the last ninety days. Insiders own 0.73% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC lifted its holdings in SVB Financial Group by 3,733.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 115 shares of the bank’s stock worth $25,000 after purchasing an additional 112 shares in the last quarter. Griffin Asset Management Inc. purchased a new stake in SVB Financial Group during the 2nd quarter worth about $28,000. Pearl River Capital LLC purchased a new stake in SVB Financial Group during the 2nd quarter worth about $30,000. NEXT Financial Group Inc purchased a new stake in SVB Financial Group during the 2nd quarter worth about $33,000. Finally, Bray Capital Advisors purchased a new stake in SVB Financial Group during the 3rd quarter worth about $31,000. 91.48% of the stock is currently owned by institutional investors and hedge funds.
About SVB Financial Group
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.
Read More: What is the G-20?