SVB Financial Group (SIVB) Receives $213.85 Consensus Target Price from Brokerages
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.
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.
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.
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