SVB Financial Group (NASDAQ:SIVB) Rating Reiterated by Maxim Group

SVB Financial Group (NASDAQ:SIVB)‘s stock had its “buy” rating restated by analysts at Maxim Group in a research report issued to clients and investors on Monday, October 30th, MarketBeat.com reports. They presently have a $250.00 price target on the bank’s stock, up from their prior price target of $220.00. Maxim Group’s target price suggests a potential upside of 17.78% from the company’s previous close.

SIVB has been the subject of several other reports. Jefferies Group LLC reissued a “buy” rating and set a $216.00 target price on shares of SVB Financial Group in a report on Friday, August 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $195.00 target price on shares of SVB Financial Group in a report on Friday, July 14th. Zacks Investment Research cut shares of SVB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $213.00 price objective (up previously from $210.00) on shares of SVB Financial Group in a report on Wednesday, October 4th. Finally, Stephens reaffirmed a “buy” rating and issued a $205.00 price objective on shares of SVB Financial Group in a report on Friday, July 28th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. SVB Financial Group has a consensus rating of “Buy” and a consensus price target of $214.00.

SVB Financial Group (NASDAQ:SIVB) traded up $3.38 during trading on Monday, reaching $212.26. 524,500 shares of the company were exchanged, compared to its average volume of 495,104. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.59 and a quick ratio of 0.59. SVB Financial Group has a 12 month low of $144.31 and a 12 month high of $223.82. The stock has a market cap of $11,016.48, a price-to-earnings ratio of 23.44, a P/E/G ratio of 2.00 and a beta of 1.64.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.50. The company had revenue of $533.40 million for the quarter, compared to analyst estimates of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. SVB Financial Group’s revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company posted $2.12 earnings per share. equities analysts predict that SVB Financial Group will post 9.5 EPS for the current year.

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In related news, Director Eric Benhamou sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $172.01, for a total transaction of $344,020.00. Following the sale, the director now directly owns 6,672 shares of the company’s stock, valued at approximately $1,147,650.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kamran F. Husain sold 2,890 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $220.20, for a total transaction of $636,378.00. Following the sale, the insider now directly owns 890 shares in the company, valued at $195,978. The disclosure for this sale can be found here. Insiders sold a total of 7,150 shares of company stock worth $1,476,106 over the last quarter. 0.73% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Raymond James Trust N.A. boosted its holdings in shares of SVB Financial Group by 0.3% in the 2nd quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock valued at $259,000 after buying an additional 4 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of SVB Financial Group by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock valued at $1,347,000 after buying an additional 20 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of SVB Financial Group by 9.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after buying an additional 87 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of SVB Financial Group by 11.7% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock valued at $160,000 after buying an additional 90 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in SVB Financial Group by 1.1% during the 2nd quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock worth $1,687,000 after purchasing an additional 100 shares during the period. 94.52% of the stock is currently owned by institutional investors.

About SVB Financial Group

SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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