Shares of SVB Financial Group (NASDAQ:SIVB) have received a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $270.33.
A number of research analysts have commented on SIVB shares. ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Jefferies Group restated a “buy” rating on shares of SVB Financial Group in a research note on Friday, January 26th. Zacks Investment Research cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Wells Fargo restated an “outperform” rating and set a $280.00 price target (up previously from $240.00) on shares of SVB Financial Group in a research note on Tuesday, January 9th. Finally, SunTrust Banks restated a “buy” rating and set a $280.00 price target on shares of SVB Financial Group in a research note on Wednesday, January 3rd.
Shares of NASDAQ SIVB traded down $3.53 during mid-day trading on Wednesday, hitting $247.03. The company had a trading volume of 617,041 shares, compared to its average volume of 1,108,477. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59. SVB Financial Group has a 12 month low of $159.44 and a 12 month high of $271.79. The stock has a market cap of $13,252.05, a PE ratio of 25.28, a PEG ratio of 1.63 and a beta of 1.44.
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 Thomson Reuters’ consensus estimate of $2.60 by ($0.41). The company had revenue of $545.97 million during the quarter, compared to the consensus estimate 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 business posted $1.89 EPS. research analysts forecast that SVB Financial Group will post 13.98 earnings per share for the current fiscal year.
In other news, insider Gregory W. Becker sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $243.49, for a total transaction of $1,095,705.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip C. Cox sold 1,175 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $252.77, for a total transaction of $297,004.75. Following the sale, the insider now directly owns 4,097 shares of the company’s stock, valued at approximately $1,035,598.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,213 shares of company stock valued at $2,724,673. Company insiders own 0.74% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of SIVB. Wagner Wealth Management LLC acquired a new stake in shares of SVB Financial Group in the fourth quarter valued at approximately $100,000. We Are One Seven LLC acquired a new stake in shares of SVB Financial Group in the fourth quarter valued at approximately $169,000. Lourd Capital LLC acquired a new stake in shares of SVB Financial Group in the fourth quarter valued at approximately $207,000. IPG Investment Advisors LLC acquired a new stake in shares of SVB Financial Group in the fourth quarter valued at approximately $213,000. Finally, Pinnacle Financial Partners Inc. acquired a new stake in shares of SVB Financial Group in the fourth quarter valued at approximately $214,000. 89.66% of the stock is owned by institutional investors.
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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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