SVB Financial Group (SIVB) Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of SVB Financial Group (NASDAQ:SIVB) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.

A number of other research firms also recently issued reports on SIVB. JMP Securities upped their target price on shares of SVB Financial Group from $345.00 to $385.00 and gave the company a market outperform rating in a research report on Friday, July 27th. Bank of America cut their target price on shares of SVB Financial Group from $400.00 to $350.00 and set a buy rating on the stock in a research report on Friday. Jefferies Financial Group upped their target price on shares of SVB Financial Group to $378.00 and gave the company a buy rating in a research report on Monday, August 27th. Barclays cut their price target on shares of SVB Financial Group from $357.00 to $330.00 and set an equal weight rating on the stock in a research report on Friday. Finally, Royal Bank of Canada set a $330.00 price target on shares of SVB Financial Group and gave the company a buy rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $349.22.

SVB Financial Group stock opened at $224.19 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.63. SVB Financial Group has a 1 year low of $204.32 and a 1 year high of $333.74. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.20 and a beta of 1.48.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, October 25th. The bank reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.44 by $0.66. SVB Financial Group had a net margin of 32.44% and a return on equity of 18.39%. The company had revenue of $703.29 million for the quarter, compared to the consensus estimate of $664.51 million. On average, analysts forecast that SVB Financial Group will post 17.63 earnings per share for the current year.

In related news, insider Gregory W. Becker sold 7,000 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $325.40, for a total value of $2,277,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gregory W. Becker sold 12,872 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $310.97, for a total value of $4,002,805.84. Following the sale, the insider now directly owns 18,039 shares of the company’s stock, valued at $5,609,587.83. The disclosure for this sale can be found here. Insiders sold a total of 20,372 shares of company stock worth $6,442,641 over the last quarter. 0.74% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SIVB. Security National Trust Co. bought a new stake in SVB Financial Group during the 2nd quarter worth approximately $116,000. Price Capital Management Inc. bought a new stake in SVB Financial Group during the 3rd quarter worth approximately $124,000. Signaturefd LLC increased its stake in SVB Financial Group by 341.2% during the 2nd quarter. Signaturefd LLC now owns 503 shares of the bank’s stock worth $145,000 after purchasing an additional 389 shares in the last quarter. Advisors Preferred LLC bought a new stake in SVB Financial Group during the 2nd quarter worth approximately $167,000. Finally, Piedmont Investment Advisors LLC bought a new stake in SVB Financial Group during the 2nd quarter worth approximately $175,000. 88.51% of the stock is owned by institutional investors and hedge funds.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.

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Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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