ValuEngine Lowers SVB Financial Group (SIVB) to Sell

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ValuEngine cut shares of SVB Financial Group (NASDAQ:SIVB) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

Other analysts have also recently issued research reports about the stock. SunTrust Banks dropped their target price on shares of SVB Financial Group from $350.00 to $270.00 and set an average rating on the stock in a report on Monday. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of SVB Financial Group from a hold rating to a buy rating and set a $339.00 price target on the stock in a research note on Tuesday, July 17th. Stephens reiterated a buy rating and issued a $350.00 price target on shares of SVB Financial Group in a research note on Friday, July 13th. Sandler O’Neill reiterated a buy rating on shares of SVB Financial Group in a research note on Friday, July 27th. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $384.00 price target on shares of SVB Financial Group in a research note on Friday, July 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $349.22.

Shares of SIVB stock opened at $237.23 on Monday. SVB Financial Group has a 12 month low of $204.32 and a 12 month high of $333.74. The firm has a market cap of $12.15 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 1.27 and a beta of 1.48. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14.

SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, October 25th. The bank reported $5.10 EPS for the quarter, beating the Zacks’ consensus estimate of $4.44 by $0.66. SVB Financial Group had a net margin of 32.44% and a return on equity of 18.39%. The firm had revenue of $703.29 million for the quarter, compared to analysts’ expectations of $664.51 million. As a group, analysts expect that SVB Financial Group will post 17.93 earnings per share for the current year.

In other SVB Financial Group news, insider Gregory W. Becker sold 7,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $325.40, for a total value of $2,277,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John F. Robinson sold 500 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $324.07, for a total value of $162,035.00. Following the completion of the transaction, the director now directly owns 5,017 shares of the company’s stock, valued at approximately $1,625,859.19. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.

A number of large investors have recently modified their holdings of SIVB. Allianz Asset Management GmbH raised its position in SVB Financial Group by 93.0% in the 1st quarter. Allianz Asset Management GmbH now owns 2,113 shares of the bank’s stock worth $507,000 after buying an additional 1,018 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in SVB Financial Group by 62.3% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,600 shares of the bank’s stock worth $384,000 after buying an additional 614 shares during the last quarter. Neville Rodie & Shaw Inc. purchased a new position in SVB Financial Group in the 2nd quarter worth about $289,000. Gulf International Bank UK Ltd raised its position in SVB Financial Group by 5.0% in the 2nd quarter. Gulf International Bank UK Ltd now owns 16,710 shares of the bank’s stock worth $4,825,000 after buying an additional 800 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its position in SVB Financial Group by 95.3% in the 2nd quarter. IFM Investors Pty Ltd now owns 2,232 shares of the bank’s stock worth $645,000 after buying an additional 1,089 shares during the last quarter. 88.51% of the stock is owned by institutional investors and hedge funds.

About SVB Financial Group

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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Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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