Shares of SVB Financial Group (NASDAQ:SIVB) have received an average rating of “Buy” from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $269.89.
Several analysts have recently weighed in on SIVB shares. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 price objective for the company in a report on Wednesday, December 27th. Jefferies Group reaffirmed a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Stephens reaffirmed a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. SunTrust Banks upped their target price on SVB Financial Group to $300.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Maxim Group reaffirmed a “buy” rating and set a $300.00 target price (up from $250.00) on shares of SVB Financial Group in a report on Wednesday, January 10th.
Shares of SVB Financial Group stock opened at $245.66 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $12,485.15, a PE ratio of 24.79, a PEG ratio of 1.54 and a beta of 1.44. SVB Financial Group has a fifty-two week low of $159.44 and a fifty-two week high of $271.79.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.60 by ($0.41). The firm had revenue of $545.97 million during the quarter, compared to analyst estimates of $523.45 million. SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. During the same quarter last year, the company earned $1.89 EPS. equities analysts anticipate that SVB Financial Group will post 13.92 earnings per share for the current fiscal year.
In related news, insider Gregory W. Becker sold 4,500 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $243.49, for a total transaction of $1,095,705.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Philip C. Cox sold 1,175 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $252.77, for a total value of $297,004.75. Following the transaction, the insider now directly owns 4,097 shares in the company, valued at $1,035,598.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,213 shares of company stock valued at $2,724,673. 0.74% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of SIVB. Prudential Financial Inc. raised its position in SVB Financial Group by 778.6% during the third quarter. Prudential Financial Inc. now owns 291,144 shares of the bank’s stock valued at $54,470,000 after buying an additional 258,006 shares during the period. KAMES CAPITAL plc acquired a new position in SVB Financial Group during the fourth quarter valued at $41,357,000. BlackRock Inc. raised its position in SVB Financial Group by 3.0% during the fourth quarter. BlackRock Inc. now owns 5,104,914 shares of the bank’s stock valued at $1,193,377,000 after buying an additional 146,741 shares during the period. Millennium Management LLC raised its position in SVB Financial Group by 187.0% during the fourth quarter. Millennium Management LLC now owns 145,140 shares of the bank’s stock valued at $33,929,000 after buying an additional 94,567 shares during the period. Finally, OppenheimerFunds Inc. raised its position in SVB Financial Group by 123.7% during the fourth quarter. OppenheimerFunds Inc. now owns 122,479 shares of the bank’s stock valued at $28,632,000 after buying an additional 67,737 shares during the period. 89.66% of the stock is currently owned by hedge funds and other institutional investors.
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SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its 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 card account analysis, and disbursement, as well as online and mobile banking services.
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