ValuEngine Lowers SVB Financial Group (SIVB) to Hold

ValuEngine lowered shares of SVB Financial Group (NASDAQ:SIVB) from a buy rating to a hold rating in a report published on Friday morning.

SIVB has been the subject of a number of other reports. Zacks Investment Research cut SVB Financial Group from a buy rating to a hold rating in a report on Monday, November 13th. Barclays set a $217.00 target price on SVB Financial Group and gave the stock a hold rating in a report on Monday, October 30th. Maxim Group reissued a buy rating and issued a $250.00 target price (up from $220.00) on shares of SVB Financial Group in a report on Monday, October 30th. Wells Fargo & Company reissued an outperform rating and issued a $240.00 target price (up from $215.00) on shares of SVB Financial Group in a report on Thursday, November 9th. Finally, SunTrust Banks reissued a buy rating and issued a $245.00 target price on shares of SVB Financial Group in a report on Friday, November 17th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $216.21.

SVB Financial Group (NASDAQ:SIVB) traded up $0.53 during trading on Friday, reaching $228.17. The company’s stock had a trading volume of 401,100 shares, compared to its average volume of 486,031. 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 firm has a market cap of $12,033.85, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.18 and a beta of 1.62. SVB Financial Group has a 12-month low of $158.24 and a 12-month high of $233.46.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $2.79 EPS for the quarter, beating the consensus estimate of $2.29 by $0.50. The firm had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 EPS. sell-side analysts expect that SVB Financial Group will post 9.5 earnings per share for the current year.

In related news, insider Kamran F. Husain sold 2,890 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $220.20, for a total transaction of $636,378.00. Following the sale, the insider now directly owns 890 shares in the company, valued at approximately $195,978. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Marc C. Cadieux sold 2,260 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $219.34, for a total value of $495,708.40. Following the sale, the insider now owns 15,971 shares in the company, valued at $3,503,079.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,780 shares of company stock worth $1,893,878. 0.73% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BDO Wealth Advisors LLC bought a new stake in SVB Financial Group during the 2nd quarter worth approximately $109,000. Peddock Capital Advisors LLC bought a new stake in SVB Financial Group during the 2nd quarter worth approximately $130,000. Global X Management Co. LLC grew its position in 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 acquiring an additional 289 shares during the last quarter. Toronto Dominion Bank grew its position in 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 acquiring an additional 657 shares during the last quarter. Finally, Tredje AP fonden bought a new stake in SVB Financial Group during the 2nd quarter worth approximately $144,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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