SVB Financial Group (NASDAQ:SIVB) received a $320.00 target price from stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the bank’s stock. Royal Bank of Canada’s target price suggests a potential upside of 55.49% from the company’s previous close.

A number of other brokerages have also commented on SIVB. Jefferies Financial Group boosted their price objective on shares of SVB Financial Group to $378.00 and gave the stock a “buy” rating in a report on Monday, August 27th. Zacks Investment Research lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. ValuEngine lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Barclays boosted their price objective on shares of SVB Financial Group from $340.00 to $357.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 3rd. Finally, BidaskClub lowered shares of SVB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $333.18.

NASDAQ:SIVB opened at $205.80 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.14. The firm has a market cap of $11.67 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.22 and a beta of 1.69. SVB Financial Group has a twelve month low of $203.49 and a twelve month high of $333.74.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, October 25th. The bank reported $5.10 EPS for the quarter, topping 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 firm had revenue of $703.29 million for the quarter, compared to analyst estimates of $664.51 million. Sell-side analysts forecast that SVB Financial Group will post 17.94 EPS for the current year.

SVB Financial Group announced that its board has authorized a stock buyback program on Tuesday, November 13th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the bank to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

In other news, insider Philip C. Cox sold 620 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $238.96, for a total value of $148,155.20. Following the completion of the sale, the insider now owns 6,511 shares of the company’s stock, valued at approximately $1,555,868.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John F. Robinson sold 500 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $324.07, for a total transaction of $162,035.00. Following the completion of the sale, the director now directly owns 5,017 shares of the company’s stock, valued at approximately $1,625,859.19. The disclosure for this sale can be found here. Insiders sold a total of 2,870 shares of company stock valued at $729,718 in the last three months. Insiders own 0.74% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price Capital Management Inc. bought a new stake in shares of SVB Financial Group in the 3rd quarter worth about $124,000. Stratos Wealth Partners LTD. bought a new stake in shares of SVB Financial Group in the 3rd quarter worth about $146,000. Signaturefd LLC increased its position in shares of SVB Financial Group by 341.2% in the 2nd quarter. Signaturefd LLC now owns 503 shares of the bank’s stock worth $145,000 after purchasing an additional 389 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of SVB Financial Group in the 3rd quarter worth about $167,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of SVB Financial Group by 84.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 569 shares of the bank’s stock worth $177,000 after purchasing an additional 261 shares during the last quarter. 88.41% of the stock is owned by institutional investors.

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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