Brokerages Set SVB Financial Group (SIVB) Price Target at $318.95

SVB Financial Group (NASDAQ:SIVB) has been given an average rating of “Buy” by the twenty-one analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $318.95.

Several brokerages have recently commented on SIVB. BidaskClub downgraded SVB Financial Group from a “sell” rating to a “strong sell” rating in a report on Tuesday. ValuEngine downgraded SVB Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Bank of America set a $280.00 target price on SVB Financial Group and gave the company a “buy” rating in a report on Tuesday, March 5th. SunTrust Banks upped their target price on SVB Financial Group to $280.00 and gave the company a “buy” rating in a report on Monday, January 28th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies set a $291.00 target price on SVB Financial Group and gave the company a “buy” rating in a report on Friday, January 25th.

In related news, insider John China sold 11,200 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $249.12, for a total transaction of $2,790,144.00. Following the transaction, the insider now directly owns 22,172 shares of the company’s stock, valued at $5,523,488.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Edmonds-Waters sold 3,669 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $242.39, for a total value of $889,328.91. Following the transaction, the insider now directly owns 6,020 shares in the company, valued at $1,459,187.80. The disclosure for this sale can be found here. Insiders have sold 16,617 shares of company stock worth $4,096,266 over the last three months. 0.73% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. increased its position in SVB Financial Group by 135.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 193 shares of the bank’s stock worth $37,000 after purchasing an additional 111 shares during the last quarter. Clean Yield Group acquired a new position in SVB Financial Group in the 4th quarter worth about $47,000. JOYN Advisors Inc. increased its position in SVB Financial Group by 106.9% in the 4th quarter. JOYN Advisors Inc. now owns 271 shares of the bank’s stock worth $51,000 after purchasing an additional 140 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new position in SVB Financial Group in the 3rd quarter worth about $93,000. Finally, Resources Management Corp CT ADV increased its position in SVB Financial Group by 245.3% in the 4th quarter. Resources Management Corp CT ADV now owns 328 shares of the bank’s stock worth $62,000 after purchasing an additional 233 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors.

Shares of NASDAQ SIVB traded down $0.23 during mid-day trading on Wednesday, hitting $222.36. 483,694 shares of the company traded hands, compared to its average volume of 471,167. SVB Financial Group has a 1 year low of $177.70 and a 1 year high of $333.74. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 1.46 and a beta of 2.03. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.13.

SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, January 24th. The bank reported $4.96 EPS for the quarter, beating the consensus estimate of $4.69 by $0.27. SVB Financial Group had a return on equity of 19.90% and a net margin of 35.87%. The business had revenue of $673.69 million during the quarter, compared to the consensus estimate of $697.89 million. During the same period in the prior year, the business posted $2.19 earnings per share. SVB Financial Group’s revenue was up 30.0% compared to the same quarter last year. As a group, sell-side analysts expect that SVB Financial Group will post 20.39 EPS for the current fiscal year.

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.

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Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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