SVB Financial Group (NASDAQ:SIVB) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.
A number of other research analysts have also recently weighed in on SIVB. Zacks Investment Research upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 target price on the stock in a research note on Wednesday, December 27th. Barclays boosted their target price on shares of SVB Financial Group from $217.00 to $251.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. SunTrust Banks reiterated a “buy” rating and issued a $280.00 target price on shares of SVB Financial Group in a research note on Wednesday, January 3rd. Wells Fargo reissued an “outperform” rating and issued a $280.00 price target (up previously from $240.00) on shares of SVB Financial Group in a research report on Tuesday, January 9th. Finally, Maxim Group reissued a “buy” rating and issued a $300.00 price target (up previously from $250.00) on shares of SVB Financial Group in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $251.14.
SVB Financial Group (NASDAQ SIVB) traded down $11.12 on Friday, reaching $239.55. 813,269 shares of the company’s stock were exchanged, compared to its average volume of 645,740. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $14,017.90, a PE ratio of 26.01, a price-to-earnings-growth ratio of 1.74 and a beta of 1.43. SVB Financial Group has a 52-week low of $159.44 and a 52-week high of $271.79.
SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). The company had revenue of $545.97 million during the quarter, compared to analysts’ expectations of $523.45 million. SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. During the same quarter in the previous year, the firm earned $1.89 earnings per share. sell-side analysts expect that SVB Financial Group will post 13.86 EPS for the current year.
In related news, insider Philip C. Cox sold 1,175 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $252.77, for a total transaction of $297,004.75. Following the sale, the insider now owns 4,097 shares of the company’s stock, valued at approximately $1,035,598.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory W. Becker sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $243.49, for a total transaction of $1,095,705.00. The disclosure for this sale can be found here. In the last three months, insiders sold 8,185 shares of company stock worth $2,017,574. Insiders own 0.74% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SIVB. New York State Common Retirement Fund increased its holdings in SVB Financial Group by 0.9% during the 3rd quarter. New York State Common Retirement Fund now owns 163,538 shares of the bank’s stock worth $30,596,000 after acquiring an additional 1,500 shares during the period. Toronto Dominion Bank increased its holdings in SVB Financial Group by 183.5% during the 3rd quarter. Toronto Dominion Bank now owns 2,217 shares of the bank’s stock worth $415,000 after acquiring an additional 1,435 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in SVB Financial Group by 23.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,633 shares of the bank’s stock worth $1,025,000 after acquiring an additional 1,080 shares during the period. Russell Investments Group Ltd. increased its holdings in SVB Financial Group by 2.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 38,371 shares of the bank’s stock worth $7,178,000 after acquiring an additional 977 shares during the period. Finally, Quantbot Technologies LP bought a new stake in SVB Financial Group during the 3rd quarter worth approximately $295,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.
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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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