ValuEngine Downgrades SVB Financial Group (SIVB) to Hold

SVB Financial Group (NASDAQ:SIVB) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

SIVB has been the topic of a number of other research reports. SunTrust Banks reissued a “buy” rating and set a $245.00 price objective on shares of SVB Financial Group in a report on Friday, November 17th. Jefferies Group reaffirmed a “buy” rating and issued a $216.00 target price on shares of SVB Financial Group in a report on Friday, August 11th. 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 target price (up from $210.00) on shares of SVB Financial Group in a report on Wednesday, October 4th. Finally, Barclays set a $217.00 target price on shares of SVB Financial Group and gave the company a “hold” rating in a report on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. SVB Financial Group currently has an average rating of “Buy” and an average price target of $216.21.

Shares of SVB Financial Group (NASDAQ SIVB) opened at $228.17 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. SVB Financial Group has a 1-year low of $158.24 and a 1-year high of $233.46. The firm has a market cap of $12,033.91, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 2.18 and a beta of 1.62.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share 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 company had revenue of $533.40 million for the quarter, compared to analysts’ expectations of $490.56 million. During the same quarter last year, the company earned $2.12 earnings per share. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. sell-side analysts expect that SVB Financial Group will post 9.5 EPS for the current year.

In other SVB Financial Group news, insider Marc C. Cadieux sold 2,260 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $219.34, for a total value of $495,708.40. Following the transaction, the insider now directly owns 15,971 shares of the company’s stock, valued at approximately $3,503,079.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Edmonds-Waters sold 3,630 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total transaction of $761,791.80. Following the completion of the transaction, the insider now directly owns 5,918 shares in the company, valued at $1,241,951.48. The disclosure for this sale can be found here. Insiders sold a total of 8,780 shares of company stock worth $1,893,878 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in SIVB. BDO Wealth Advisors LLC acquired a new position in SVB Financial Group in the 2nd quarter valued at $109,000. Peddock Capital Advisors LLC acquired a new position in SVB Financial Group in the 2nd quarter valued at $130,000. Global X Management Co. LLC boosted its position in shares of SVB Financial Group by 58.6% during the 2nd quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock worth $137,000 after purchasing an additional 289 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of 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 purchasing an additional 657 shares in the last quarter. Finally, Tredje AP fonden purchased a new stake in shares of SVB Financial Group during the 2nd quarter worth $144,000. 97.79% of the stock is currently owned by institutional investors.

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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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