SVB Financial Group (NASDAQ:SIVB)‘s stock had its “buy” rating reaffirmed by SunTrust Banks, Inc. in a research note issued on Friday. They currently have a $245.00 target price on the bank’s stock. SunTrust Banks, Inc.’s price target would indicate a potential upside of 13.84% from the stock’s current price.
SIVB has been the topic of several other reports. Jefferies Group LLC reiterated a “buy” rating and issued a $216.00 price objective on shares of SVB Financial Group in a report on Friday, August 11th. Maxim Group lifted their price objective on SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Zacks Investment Research cut SVB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $213.00 price objective (up from $210.00) on shares of SVB Financial Group in a report on Wednesday, October 4th. Finally, Stephens restated a “buy” rating and set a $205.00 target price on shares of SVB Financial Group in a report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. SVB Financial Group has a consensus rating of “Buy” and a consensus target price of $216.21.
Shares of SVB Financial Group (SIVB) opened at $215.22 on Friday. SVB Financial Group has a 12-month low of $149.01 and a 12-month high of $223.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $11,350.92, a PE ratio of 24.15, a PEG ratio of 2.06 and a beta of 1.64.
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 the Thomson Reuters’ consensus estimate of $2.29 by $0.50. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The company had revenue of $533.40 million for the quarter, compared to analysts’ expectations of $490.56 million. During the same period in the previous year, the firm posted $2.12 EPS. SVB Financial Group’s revenue was up 23.0% compared to the same quarter last year. analysts predict that SVB Financial Group will post 9.5 earnings per share for the current fiscal year.
In other SVB Financial Group news, Director Eric Benhamou sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $172.01, for a total value of $344,020.00. Following the sale, the director now owns 6,672 shares of the company’s stock, valued at $1,147,650.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher Edmonds-Waters sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total value of $761,791.80. Following the completion of the sale, the insider now directly owns 5,918 shares in the company, valued at approximately $1,241,951.48. The disclosure for this sale can be found here. In the last three months, insiders sold 10,780 shares of company stock worth $2,237,898. 0.73% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in SIVB. Raymond James Trust N.A. increased its position in shares of 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 worth $259,000 after acquiring an additional 4 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of 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 worth $1,347,000 after acquiring an additional 20 shares during the period. Pacer Advisors Inc. increased its position in shares of SVB Financial Group by 9.2% during the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock worth $181,000 after acquiring an additional 87 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of SVB Financial Group by 11.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock worth $160,000 after acquiring an additional 90 shares during the period. Finally, Utah Retirement Systems increased its position in shares of SVB Financial Group by 1.1% during the second quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock worth $1,687,000 after acquiring an additional 100 shares during the period. 94.52% of the stock is currently 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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