Shares of SVB Financial Group (NASDAQ:SIVB) have been assigned a consensus rating of “Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $213.85.

Several research analysts recently weighed in on the company. ValuEngine lowered SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks reaffirmed a “buy” rating and issued a $245.00 target price on shares of SVB Financial Group in a research report on Friday, November 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $213.00 target price (up from $210.00) on shares of SVB Financial Group in a research report on Wednesday, October 4th. Zacks Investment Research lowered SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $240.00 target price (up from $215.00) on shares of SVB Financial Group in a research report on Thursday, November 9th.

In other SVB Financial Group news, insider Christopher Edmonds-Waters sold 3,630 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total value of $761,791.80. Following the transaction, the insider now directly owns 5,918 shares of the company’s stock, valued at $1,241,951.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc C. Cadieux sold 2,260 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $219.34, for a total value of $495,708.40. Following the completion of the transaction, the insider now directly owns 15,971 shares in the company, valued at $3,503,079.14. The disclosure for this sale can be found here. Insiders sold 20,291 shares of company stock worth $4,558,918 over the last three months. 0.73% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Trust N.A. increased its position in shares of SVB Financial Group by 0.3% during the second quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock worth $259,000 after acquiring an additional 4 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of SVB Financial Group by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock worth $1,347,000 after acquiring an additional 20 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of SVB Financial Group by 9.2% during the second quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock worth $181,000 after acquiring an additional 87 shares during the last quarter. Utah Retirement Systems increased its position in shares of SVB Financial Group by 1.1% during the second quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock worth $1,687,000 after acquiring an additional 100 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of SVB Financial Group by 0.8% during the second quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock worth $2,844,000 after acquiring an additional 122 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of SVB Financial Group (NASDAQ SIVB) traded up $2.48 on Thursday, hitting $232.27. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.18. The company has a market cap of $12,250.00, a PE ratio of 26.07, a price-to-earnings-growth ratio of 2.22 and a beta of 1.62. SVB Financial Group has a twelve month low of $159.44 and a twelve month high of $236.18.

SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.50. The business had revenue of $533.40 million for the quarter, compared to analyst estimates of $490.56 million. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period last year, the company posted $2.12 EPS. sell-side analysts predict that SVB Financial Group will post 9.51 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this news story can be read at https://www.watchlistnews.com/svb-financial-group-sivb-receives-213-85-consensus-target-price-from-brokerages/1756487.html.

SVB Financial Group Company Profile

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.

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with Analyst Ratings Network's FREE daily email newsletter.