SVB Financial Group (NASDAQ:SIVB) Receives Consensus Rating of “Hold” from Brokerages

Shares of SVB Financial Group (NASDAQ:SIVB – Get Rating) have been given a consensus rating of “Hold” by the twenty-four analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $344.88.

Several brokerages have recently weighed in on SIVB. The Goldman Sachs Group upped their price target on SVB Financial Group from $280.00 to $312.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. JPMorgan Chase & Co. decreased their price objective on shares of SVB Financial Group from $300.00 to $270.00 and set an “overweight” rating on the stock in a research report on Thursday, March 9th. Morgan Stanley upped their price objective on shares of SVB Financial Group from $186.00 to $190.00 and gave the stock an “underweight” rating in a research report on Thursday, December 15th. Wells Fargo & Company decreased their price objective on shares of SVB Financial Group from $350.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, March 9th. Finally, Raymond James cut shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a research report on Friday, March 10th.

Insider Buying and Selling at SVB Financial Group

In other news, Director Beverly Kay Matthews purchased 1,000 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was acquired at an average price of $232.06 per share, with a total value of $232,060.00. Following the transaction, the director now directly owns 2,374 shares of the company’s stock, valued at approximately $550,910.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Gregory W. Becker sold 12,451 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $287.42, for a total value of $3,578,666.42. Following the completion of the sale, the chief executive officer now directly owns 92,552 shares of the company’s stock, valued at approximately $26,601,295.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Beverly Kay Matthews bought 1,000 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The stock was bought at an average cost of $232.06 per share, with a total value of $232,060.00. Following the completion of the transaction, the director now owns 2,374 shares in the company, valued at approximately $550,910.44. The disclosure for this purchase can be found here. Insiders sold 18,004 shares of company stock valued at $5,016,701 in the last quarter. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On SVB Financial Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its position in shares of SVB Financial Group by 100.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 72 shares of the bank’s stock worth $40,000 after purchasing an additional 36 shares during the period. Ronald Blue Trust Inc. lifted its position in SVB Financial Group by 243.5% during the 4th quarter. Ronald Blue Trust Inc. now owns 79 shares of the bank’s stock valued at $26,000 after acquiring an additional 56 shares during the period. Private Trust Co. NA lifted its position in SVB Financial Group by 107.8% during the 3rd quarter. Private Trust Co. NA now owns 106 shares of the bank’s stock valued at $36,000 after acquiring an additional 55 shares during the period. SeaCrest Wealth Management LLC purchased a new position in SVB Financial Group during the 2nd quarter valued at about $43,000. Finally, MV Capital Management Inc. lifted its position in SVB Financial Group by 169.0% during the 4th quarter. MV Capital Management Inc. now owns 113 shares of the bank’s stock valued at $26,000 after acquiring an additional 71 shares during the period. 92.35% of the stock is owned by hedge funds and other institutional investors.

SVB Financial Group Stock Performance

Shares of SIVB opened at $106.04 on Thursday. The business’s 50-day moving average price is $269.73 and its 200-day moving average price is $277.68. SVB Financial Group has a twelve month low of $39.40 and a twelve month high of $597.16. The stock has a market cap of $6.28 billion, a PE ratio of 4.18 and a beta of 1.57. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.42.

SVB Financial Group (NASDAQ:SIVB – Get Rating) last announced its quarterly earnings results on Thursday, January 19th. The bank reported $4.62 earnings per share for the quarter, missing the consensus estimate of $5.26 by ($0.64). SVB Financial Group had a net margin of 22.05% and a return on equity of 13.02%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company earned $6.22 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts forecast that SVB Financial Group will post 15.16 EPS for the current fiscal year.

About SVB Financial Group

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SVB Financial Group is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. The Global Commercial Bank segment consists of results from the commercial bank, private equity division, SVB wine, SVB analytics, and debt fund investments.