SVB Financial Group (SIVB) Given “Buy” Rating at Maxim Group

Maxim Group reissued their buy rating on shares of SVB Financial Group (NASDAQ:SIVB) in a report issued on Monday. The firm currently has a $250.00 price objective on the bank’s stock, up from their previous price objective of $220.00.

A number of other research firms also recently issued reports on SIVB. ValuEngine upgraded shares of SVB Financial Group from a hold rating to a buy rating in a report on Thursday, August 17th. BidaskClub downgraded shares of SVB Financial Group from a buy rating to a hold rating in a report on Sunday, July 30th. Piper Jaffray Companies reiterated a buy rating and issued a $212.00 target price on shares of SVB Financial Group in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of SVB Financial Group from a buy rating to a hold rating in a research note on Friday, July 7th. Finally, Barclays PLC reiterated an equal weight rating and issued a $191.00 target price (up previously from $188.00) on shares of SVB Financial Group in a research note on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. SVB Financial Group presently has an average rating of Buy and a consensus price target of $211.83.

Shares of SVB Financial Group (SIVB) traded down 0.319% on Monday, reaching $220.235. 414,541 shares of the company were exchanged. SVB Financial Group has a 12-month low of $116.59 and a 12-month high of $223.82. The company’s 50 day moving average is $184.48 and its 200 day moving average is $179.17. The firm has a market capitalization of $11.60 billion, a PE ratio of 26.767 and a beta of 1.63.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.50. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The business had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. During the same quarter last year, the company posted $2.12 earnings per share. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. Analysts forecast that SVB Financial Group will post $9.59 earnings per share for the current year.

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In related news, insider Michael Descheneaux sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total transaction of $637,245.00. Following the completion of the transaction, the insider now owns 14,064 shares of the company’s stock, valued at $2,560,632.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Eric Benhamou sold 2,000 shares of the business’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 transaction, the director now directly owns 6,672 shares of the company’s stock, valued at approximately $1,147,650.72. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Raymond James Trust N.A. grew its stake in SVB Financial Group by 0.3% during the second quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock valued at $259,000 after acquiring an additional 4 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in SVB Financial Group by 0.3% during the second 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 acquiring an additional 20 shares in the last quarter. Pacer Advisors Inc. grew its stake in SVB Financial Group by 9.2% during the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after acquiring an additional 87 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in SVB Financial Group by 11.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock valued at $160,000 after acquiring an additional 90 shares in the last quarter. Finally, Utah Retirement Systems grew its stake in SVB Financial Group by 1.1% during the second quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock valued at $1,687,000 after acquiring an additional 100 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

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.

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