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

SVB Financial Group (NASDAQ:SIVB – Get Rating) has been assigned an average rating of “Buy” from the twenty-two ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $746.53.

Several brokerages have commented on SIVB. Janney Montgomery Scott raised SVB Financial Group from a “neutral” rating to a “buy” rating and set a $875.00 price objective on the stock in a research report on Friday, April 22nd. Raymond James increased their price target on SVB Financial Group from $685.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. Morgan Stanley dropped their price target on SVB Financial Group from $935.00 to $769.00 and set an “overweight” rating on the stock in a research report on Monday, March 28th. StockNews.com assumed coverage on SVB Financial Group in a research report on Thursday, March 31st. They set a “sell” rating on the stock. Finally, Wells Fargo & Company dropped their price target on SVB Financial Group from $900.00 to $810.00 and set an “overweight” rating on the stock in a research report on Monday, March 21st.

Shares of SVB Financial Group stock opened at $435.50 on Friday. The stock’s fifty day moving average is $518.11 and its two-hundred day moving average is $613.18. The company has a market capitalization of $25.63 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 1.55 and a beta of 1.80. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.20. SVB Financial Group has a 52 week low of $422.74 and a 52 week high of $763.22.

SVB Financial Group (NASDAQ:SIVB – Get Rating) last announced its quarterly earnings data on Thursday, April 21st. The bank reported $7.92 EPS for the quarter, beating the consensus estimate of $5.37 by $2.55. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.45 billion. SVB Financial Group had a return on equity of 15.59% and a net margin of 28.80%. SVB Financial Group’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.03 EPS. As a group, research analysts anticipate that SVB Financial Group will post 34.86 earnings per share for the current year.

In other news, CMO Michelle Draper sold 50 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $524.79, for a total value of $26,239.50. Following the transaction, the chief marketing officer now owns 3,184 shares in the company, valued at $1,670,931.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Garen K. Staglin sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $504.03, for a total value of $252,015.00. Following the completion of the transaction, the director now owns 14,180 shares in the company, valued at approximately $7,147,145.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,360 shares of company stock worth $4,857,395. 0.62% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its position in SVB Financial Group by 987.5% in the third quarter. First Horizon Advisors Inc. now owns 87 shares of the bank’s stock valued at $25,000 after purchasing an additional 79 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of SVB Financial Group in the fourth quarter valued at $25,000. Carroll Investors Inc acquired a new stake in shares of SVB Financial Group in the fourth quarter valued at $27,000. Charter Oak Capital Management LLC acquired a new stake in shares of SVB Financial Group in the fourth quarter valued at $28,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in SVB Financial Group during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 88.80% of the company’s stock.

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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