Brokerages Set SVB Financial Group (SIVB) PT at $247.44

Shares of SVB Financial Group (NASDAQ:SIVB) have received an average rating of “Buy” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $247.44.

A number of research analysts have recently commented on SIVB shares. Maxim Group reiterated a “buy” rating and issued a $300.00 price target (up from $250.00) on shares of SVB Financial Group in a research note on Wednesday, January 10th. ValuEngine cut SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Stephens reiterated a “buy” rating on shares of SVB Financial Group in a research note on Friday, January 26th. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 price target for the company in a research note on Wednesday, December 27th. Finally, Barclays increased their price target on SVB Financial Group from $217.00 to $251.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd.

In related news, insider Gregory W. Becker sold 9,511 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $232.68, for a total value of $2,213,019.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip C. Cox sold 1,175 shares of the 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 completion of the sale, the insider now owns 4,097 shares of the company’s stock, valued at $1,035,598.69. The disclosure for this sale can be found here. Insiders sold 19,696 shares of company stock valued at $4,682,614 over the last 90 days. 0.73% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank grew its holdings in SVB Financial Group by 525.6% during the 2nd quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock worth $137,000 after acquiring an additional 657 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in SVB Financial Group by 16.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 35,000 shares of the bank’s stock worth $6,548,000 after acquiring an additional 5,000 shares during the period. Oakbrook Investments LLC grew its holdings in SVB Financial Group by 84.3% during the 3rd quarter. Oakbrook Investments LLC now owns 4,100 shares of the bank’s stock worth $767,000 after acquiring an additional 1,875 shares during the period. Douglas Lane & Associates LLC acquired a new stake in SVB Financial Group during the 3rd quarter worth about $1,291,000. Finally, Strs Ohio grew its holdings in SVB Financial Group by 4.3% during the 3rd quarter. Strs Ohio now owns 407,764 shares of the bank’s stock worth $76,288,000 after acquiring an additional 16,811 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Shares of SVB Financial Group (NASDAQ:SIVB) traded down $8.75 on Tuesday, hitting $243.82. The stock had a trading volume of 361,700 shares, compared to its average volume of 419,906. SVB Financial Group has a one year low of $159.44 and a one year high of $263.09. The company has a market cap of $13,344.58, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.66 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 EPS for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. The firm had revenue of $545.97 million during the quarter, compared to the consensus estimate of $523.45 million. During the same quarter in the previous year, the company posted $1.89 earnings per share. research analysts anticipate that SVB Financial Group will post 13.85 earnings per share for the current fiscal year.

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SVB Financial Group Company Profile

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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