SVB Financial Group (NASDAQ:SIVB) has been given a $191.00 price objective by research analysts at Keefe, Bruyette & Woods in a report issued on Monday. The brokerage currently has a “buy” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 4.30% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $204.00 price target on the stock in a research note on Wednesday, March 29th. JMP Securities raised their price target on shares of SVB Financial Group from $195.00 to $200.00 in a research note on Friday, January 27th. Maxim Group raised their price objective on shares of SVB Financial Group from $150.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, December 19th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of SVB Financial Group in a research note on Saturday, December 17th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $171.17.
SVB Financial Group (NASDAQ:SIVB) traded down 0.20% during midday trading on Monday, hitting $183.12. The company had a trading volume of 333,633 shares. The stock’s 50-day moving average price is $185.21 and its 200-day moving average price is $164.14. The stock has a market cap of $9.58 billion, a PE ratio of 25.05 and a beta of 1.47. SVB Financial Group has a 52-week low of $82.90 and a 52-week high of $198.83.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, January 26th. The bank reported $1.89 EPS for the quarter, beating the consensus estimate of $1.79 by $0.10. SVB Financial Group had a net margin of 23.19% and a return on equity of 10.45%. The company had revenue of $410.11 million for the quarter, compared to analyst estimates of $413.15 million. During the same quarter last year, the business earned $1.68 earnings per share. On average, equities research analysts expect that SVB Financial Group will post $8.55 EPS for the current fiscal year.
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In related news, insider Philip C. Cox sold 7,001 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $172.52, for a total transaction of $1,207,812.52. Following the completion of the sale, the insider now directly owns 5,381 shares in the company, valued at $928,330.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Edmonds-Waters sold 5,680 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $181.15, for a total transaction of $1,028,932.00. Following the sale, the insider now owns 7,556 shares of the company’s stock, valued at $1,368,769.40. The disclosure for this sale can be found here. Insiders have sold 31,442 shares of company stock valued at $5,492,723 over the last 90 days. 0.78% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of SVB Financial Group during the third quarter worth $133,000. State of Alaska Department of Revenue acquired a new stake in shares of SVB Financial Group during the first quarter worth $171,000. Commerzbank Aktiengesellschaft FI purchased a new position in SVB Financial Group during the fourth quarter worth approximately $201,000. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in SVB Financial Group during the first quarter worth approximately $201,000. Finally, Advisor Group Inc. raised its position in SVB Financial Group by 23.9% in the third quarter. Advisor Group Inc. now owns 1,873 shares of the bank’s stock worth $205,000 after buying an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.
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.
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