SVB Financial Group (NASDAQ:SIVB) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.

SIVB has been the subject of several other research reports. BidaskClub downgraded shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Royal Bank of Canada set a $320.00 price target on shares of SVB Financial Group and gave the company a “buy” rating in a research note on Thursday. DA Davidson raised shares of SVB Financial Group from a “neutral” rating to a “buy” rating and set a $345.00 price target for the company in a research note on Friday, October 26th. Barclays raised shares of SVB Financial Group from an “equal weight” rating to an “overweight” rating and set a $236.25 price target for the company in a research note on Wednesday, November 28th. Finally, Raymond James dropped their price target on shares of SVB Financial Group from $392.00 to $333.00 and set a “strong-buy” rating for the company in a research note on Friday, October 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. SVB Financial Group has a consensus rating of “Buy” and a consensus target price of $333.18.

SIVB stock opened at $205.80 on Thursday. The firm has a market cap of $12.80 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.34 and a beta of 1.69. SVB Financial Group has a 52-week low of $203.49 and a 52-week high of $333.74. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.14.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, October 25th. The bank reported $5.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.44 by $0.66. The firm had revenue of $703.29 million during the quarter, compared to the consensus estimate of $664.51 million. SVB Financial Group had a net margin of 32.44% and a return on equity of 18.39%. On average, research analysts predict that SVB Financial Group will post 17.95 EPS for the current year.

SVB Financial Group announced that its board has authorized a stock buyback program on Tuesday, November 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the bank to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, insider Michael Descheneaux sold 1,750 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $239.73, for a total transaction of $419,527.50. Following the completion of the sale, the insider now directly owns 18,289 shares in the company, valued at $4,384,421.97. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John F. Robinson sold 500 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $324.07, for a total transaction of $162,035.00. Following the sale, the director now owns 5,017 shares of the company’s stock, valued at $1,625,859.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,870 shares of company stock valued at $729,718. 0.74% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of SVB Financial Group by 2.2% during the third quarter. Vanguard Group Inc. now owns 5,596,383 shares of the bank’s stock worth $1,739,523,000 after buying an additional 121,374 shares during the period. Bank of New York Mellon Corp grew its holdings in SVB Financial Group by 16.8% in the third quarter. Bank of New York Mellon Corp now owns 1,525,038 shares of the bank’s stock worth $474,028,000 after purchasing an additional 219,000 shares during the period. Capital International Investors grew its holdings in SVB Financial Group by 13.0% in the third quarter. Capital International Investors now owns 854,592 shares of the bank’s stock worth $265,633,000 after purchasing an additional 98,590 shares during the period. Millennium Management LLC grew its holdings in SVB Financial Group by 93.1% in the second quarter. Millennium Management LLC now owns 770,940 shares of the bank’s stock worth $222,617,000 after purchasing an additional 371,684 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in SVB Financial Group by 7.9% in the third quarter. Janus Henderson Group PLC now owns 751,309 shares of the bank’s stock worth $233,529,000 after purchasing an additional 55,156 shares during the period. Institutional investors own 88.41% of the company’s stock.

SVB Financial Group Company Profile

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.

See Also: Fundamental Analysis

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Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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