SVB Financial Group (NASDAQ:SIVB) has been assigned an average rating of “Buy” from the twenty-one ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $313.14.
A number of research firms recently issued reports on SIVB. BidaskClub raised shares of SVB Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. Maxim Group cut their price objective on shares of SVB Financial Group to $325.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. ValuEngine cut shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Bank of America set a $280.00 price objective on shares of SVB Financial Group and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, SunTrust Banks boosted their price objective on shares of SVB Financial Group to $280.00 and gave the company a “buy” rating in a research report on Monday, January 28th. They noted that the move was a valuation call.
SVB Financial Group stock traded down $10.17 during mid-day trading on Thursday, reaching $221.00. 577,602 shares of the company’s stock traded hands, compared to its average volume of 494,738. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 1.55 and a beta of 2.03. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.13. SVB Financial Group has a 12-month low of $177.70 and a 12-month high of $333.74.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, April 25th. The bank reported $5.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.73 by $0.71. The company had revenue of $793.26 million for the quarter, compared to the consensus estimate of $744.49 million. SVB Financial Group had a net margin of 36.09% and a return on equity of 20.83%. During the same quarter in the prior year, the firm earned $3.63 earnings per share. On average, equities research analysts anticipate that SVB Financial Group will post 20.37 earnings per share for the current fiscal year.
In other news, insider Marc C. Cadieux sold 2,304 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $240.77, for a total value of $554,734.08. Following the transaction, the insider now directly owns 17,941 shares in the company, valued at $4,319,654.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher Edmonds-Waters sold 590 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $251.10, for a total transaction of $148,149.00. Following the completion of the transaction, the insider now owns 3,630 shares in the company, valued at $911,493. The disclosure for this sale can be found here. Insiders have sold 20,383 shares of company stock worth $5,003,767 in the last quarter. Company insiders own 0.73% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of SVB Financial Group by 135.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 193 shares of the bank’s stock worth $37,000 after purchasing an additional 111 shares during the last quarter. Cresset Asset Management LLC bought a new position in shares of SVB Financial Group in the first quarter worth about $44,000. Quad Cities Investment Group LLC bought a new position in shares of SVB Financial Group in the first quarter worth about $44,000. Clean Yield Group bought a new position in shares of SVB Financial Group in the fourth quarter worth about $47,000. Finally, Acadian Asset Management LLC bought a new position in shares of SVB Financial Group in the first quarter worth about $60,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.
About SVB Financial Group
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The 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 and credit cards, account analysis, and disbursement, as well as online and mobile banking services.
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