SVB Financial Group (SIVB) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for SVB Financial Group (NASDAQ: SIVB):

  • 1/29/2019 – SVB Financial Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/28/2019 – SVB Financial Group had its price target raised by analysts at SunTrust Banks, Inc. to $280.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/26/2019 – SVB Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of SVB Financial have underperformed the industry over the past six months. However, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters.The company remains well positioned to capitalize on future opportunities, driven by a strong capital position, higher interest rates, consistent growth in loans and deposits, and efforts to improve fee income. Also, its global expansion strategy will support profitability. However, deteriorating asset quality remains a major concern for the company. Further, mounting operating costs will hamper bottom-line growth to some extent. Also, earnings estimates have been going downward ahead of the company’s fourth quarter 2018 results.”
  • 1/25/2019 – SVB Financial Group had its price target lowered by analysts at Royal Bank of Canada to $300.00. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/25/2019 – SVB Financial Group was given a new $291.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 1/23/2019 – SVB Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $253.00 price target on the stock. According to Zacks, “SVB Financial has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. However, the shares of the company have underperformed the industry over the past six months. Also, earnings estimates have been going downward ahead of the company’s fourth quarter 2018 results. The company remains well positioned to capitalize on future opportunities, driven by a strong capital position, higher interest rates, consistent growth in loans and deposits, and efforts to improve fee income. Although deteriorating asset quality and mounting operating costs will hamper bottom-line growth to some extent, its global expansion strategy will likely support profitability. Also, the company’s efficient capital deployment plan will enhance shareholder value.”
  • 1/19/2019 – SVB Financial Group was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/16/2019 – SVB Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of SVB Financial have outperformed the industry in the past year. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The company remains well positioned to capitalize on future opportunities, driven by a strong capital position, higher interest rates, consistent growth in loans and deposits, and efforts to improve fee income. Further, its global expansion strategy will support profitability. However, earnings estimates have been going downward ahead of the company’s fourth quarter 2018 results. Further, deteriorating asset quality remains a major concern for the company. Also, mounting operating costs will hamper bottom-line growth to some extent.”
  • 1/15/2019 – SVB Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $242.00 price target on the stock. According to Zacks, “Shares of SVB Financial have outperformed the industry in the past year. The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The company remains well positioned to capitalize on future opportunities, driven by strategic acquisiton, higher interest rates, consistent growth in loans and deposits, and efforts to improve fee income. However, earnings estimates have been going downward ahead of the company’s fourth quarter 2018 results. While deteriorating asset quality and mounting operating costs remain major concerns, the company's global expansion strategy will support profitability.”
  • 1/8/2019 – SVB Financial Group had its price target lowered by analysts at Morgan Stanley from $320.00 to $310.00. They now have an “overweight” rating on the stock.
  • 1/3/2019 – SVB Financial Group had its price target lowered by analysts at Piper Jaffray Companies to $285.00. They now have an “overweight” rating on the stock.
  • 1/2/2019 – SVB Financial Group was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 12/19/2018 – SVB Financial Group had its “buy” rating reaffirmed by analysts at Stephens. They now have a $290.00 price target on the stock.

Shares of NASDAQ SIVB traded up $2.85 during midday trading on Monday, reaching $236.07. 9,450 shares of the stock were exchanged, compared to its average volume of 571,185. The company has a market cap of $12.42 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.14 and a beta of 2.05. SVB Financial Group has a 52-week low of $177.70 and a 52-week high of $333.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.65 and a quick ratio of 0.63.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, January 24th. The bank reported $4.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.69 by $0.27. SVB Financial Group had a net margin of 35.87% and a return on equity of 19.90%. The firm had revenue of $673.69 million during the quarter, compared to the consensus estimate of $697.89 million. During the same period in the previous year, the firm earned $2.19 earnings per share. SVB Financial Group’s revenue was up 30.0% compared to the same quarter last year. On average, analysts anticipate that SVB Financial Group will post 20.39 EPS for the current year.

In other SVB Financial Group news, insider Michelle Draper sold 1,748 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $238.44, for a total transaction of $416,793.12. Following the completion of the sale, the insider now directly owns 7,573 shares in the company, valued at $1,805,706.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Philip C. Cox sold 620 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $238.96, for a total transaction of $148,155.20. Following the sale, the insider now owns 6,511 shares of the company’s stock, valued at $1,555,868.56. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. We Are One Seven LLC lifted its position in shares of SVB Financial Group by 5.9% during the fourth quarter. We Are One Seven LLC now owns 1,090 shares of the bank’s stock worth $207,000 after purchasing an additional 61 shares in the last quarter. Park National Corp OH lifted its position in shares of SVB Financial Group by 3.9% during the fourth quarter. Park National Corp OH now owns 2,275 shares of the bank’s stock worth $432,000 after purchasing an additional 85 shares in the last quarter. Harrington Investments INC lifted its position in shares of SVB Financial Group by 0.7% during the fourth quarter. Harrington Investments INC now owns 16,291 shares of the bank’s stock worth $3,094,000 after purchasing an additional 107 shares in the last quarter. Synovus Financial Corp lifted its position in shares of SVB Financial Group by 2.1% during the fourth quarter. Synovus Financial Corp now owns 6,055 shares of the bank’s stock worth $1,146,000 after purchasing an additional 127 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of SVB Financial Group by 25.4% during the third quarter. Steward Partners Investment Advisory LLC now owns 1,063 shares of the bank’s stock worth $330,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

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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