JMP Securities Trims SVB Financial Group (NASDAQ:SIVB) Target Price to $275.00

SVB Financial Group (NASDAQ:SIVB) had its price target decreased by JMP Securities to $275.00 in a research note released on Tuesday morning, The Fly reports. JMP Securities currently has an outperform rating on the bank’s stock.

Other analysts have also recently issued research reports about the stock. FIG Partners cut shares of SVB Financial Group from an outperform rating to a market perform rating in a report on Friday, April 26th. Royal Bank of Canada set a $280.00 price objective on shares of SVB Financial Group and gave the stock a buy rating in a report on Friday, July 26th. Keefe, Bruyette & Woods cut shares of SVB Financial Group from an outperform rating to a market perform rating and dropped their price objective for the stock from $300.00 to $255.00 in a report on Sunday, July 7th. Raymond James cut shares of SVB Financial Group from a strong-buy rating to a market perform rating in a report on Monday, July 8th. Finally, Barclays set a $300.00 price objective on shares of SVB Financial Group and gave the stock a buy rating in a report on Friday, July 26th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $273.56.

Shares of SIVB stock traded down $4.72 during trading hours on Tuesday, reaching $213.52. The stock had a trading volume of 249,879 shares, compared to its average volume of 483,524. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.12. SVB Financial Group has a twelve month low of $177.70 and a twelve month high of $332.90. The company’s 50-day simple moving average is $220.69. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.45 and a beta of 2.08.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, July 25th. The bank reported $6.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.98 by $1.10. SVB Financial Group had a net margin of 35.83% and a return on equity of 21.44%. The business had revenue of $863.15 million for the quarter, compared to analysts’ expectations of $787.38 million. During the same quarter last year, the company earned $4.42 EPS. Analysts predict that SVB Financial Group will post 21.17 EPS for the current year.

In other SVB Financial Group news, insider Michael Descheneaux sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $239.55, for a total transaction of $1,437,300.00. Following the transaction, the insider now owns 23,811 shares of the company’s stock, valued at approximately $5,703,925.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John S. Clendening bought 900 shares of the stock in a transaction on Friday, May 24th. The shares were bought at an average cost of $221.12 per share, for a total transaction of $199,008.00. Following the purchase, the director now owns 1,729 shares in the company, valued at approximately $382,316.48. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of SIVB. Norges Bank bought a new position in shares of SVB Financial Group during the 4th quarter valued at about $89,402,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of SVB Financial Group by 357.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 419,131 shares of the bank’s stock valued at $93,199,000 after purchasing an additional 327,587 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of SVB Financial Group by 182.4% during the 1st quarter. OppenheimerFunds Inc. now owns 453,143 shares of the bank’s stock valued at $100,760,000 after purchasing an additional 292,696 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of SVB Financial Group by 71.5% during the 1st quarter. TimesSquare Capital Management LLC now owns 638,100 shares of the bank’s stock valued at $141,888,000 after purchasing an additional 266,100 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of SVB Financial Group by 74.9% during the 4th quarter. Deutsche Bank AG now owns 526,495 shares of the bank’s stock valued at $99,983,000 after purchasing an additional 225,422 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

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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