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

Shares of SVB Financial Group (NASDAQ:SIVBGet Rating) have earned an average rating of “Buy” from the twenty analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $760.71.

SIVB has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of SVB Financial Group from $755.00 to $789.00 and gave the company an “equal weight” rating in a report on Monday, January 3rd. Truist Financial decreased their price objective on shares of SVB Financial Group from $800.00 to $650.00 in a report on Monday. Janney Montgomery Scott raised shares of SVB Financial Group from a “neutral” rating to a “buy” rating and set a $875.00 price objective for the company in a report on Friday. Stephens decreased their price objective on shares of SVB Financial Group from $790.00 to $700.00 in a report on Monday, January 24th. Finally, Raymond James raised their price objective on shares of SVB Financial Group from $685.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday.

In related news, CMO Michelle Draper sold 269 shares of SVB Financial Group stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $603.58, for a total value of $162,363.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Philip C. Cox sold 4,798 shares of SVB Financial Group stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $580.50, for a total transaction of $2,785,239.00. The disclosure for this sale can be found here. Insiders sold a total of 16,607 shares of company stock valued at $9,811,559 over the last ninety days. Company insiders own 0.62% of the company’s stock.

A number of large investors have recently modified their holdings of SIVB. UMB Bank N A MO raised its position in shares of SVB Financial Group by 6.3% during the 1st quarter. UMB Bank N A MO now owns 23,837 shares of the bank’s stock worth $13,336,000 after buying an additional 1,419 shares in the last quarter. CVA Family Office LLC raised its position in shares of SVB Financial Group by 140.0% during the 1st quarter. CVA Family Office LLC now owns 60 shares of the bank’s stock worth $34,000 after buying an additional 35 shares in the last quarter. Exane Derivatives raised its position in shares of SVB Financial Group by 26.6% during the 1st quarter. Exane Derivatives now owns 243 shares of the bank’s stock worth $136,000 after buying an additional 51 shares in the last quarter. MorganRosel Wealth Management LLC raised its position in shares of SVB Financial Group by 5.1% during the 1st quarter. MorganRosel Wealth Management LLC now owns 1,719 shares of the bank’s stock worth $962,000 after buying an additional 83 shares in the last quarter. Finally, Strs Ohio raised its position in shares of SVB Financial Group by 210.5% during the 1st quarter. Strs Ohio now owns 150,604 shares of the bank’s stock worth $84,255,000 after buying an additional 102,093 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

SIVB traded down $9.56 during trading hours on Monday, reaching $531.48. 12,720 shares of the stock traded hands, compared to its average volume of 540,368. The firm’s fifty day simple moving average is $556.63 and its two-hundred day simple moving average is $641.08. The company has a market cap of $31.26 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.05 and a beta of 1.82. SVB Financial Group has a fifty-two week low of $486.74 and a fifty-two week high of $763.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

SVB Financial Group (NASDAQ:SIVBGet Rating) last released its quarterly earnings results on Thursday, April 21st. The bank reported $7.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.58 by $2.34. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.45 billion. SVB Financial Group had a net margin of 28.80% and a return on equity of 15.88%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $10.03 EPS. On average, research analysts predict that SVB Financial Group will post 30.62 earnings per share for the current year.

SVB Financial Group Company Profile (Get Rating)

SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.

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Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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