SVB Financial Group (NASDAQ:SIVB) Receives Average Rating of "Hold" from Brokerages

SVB Financial Group (NASDAQ:SIVB – Get Rating) has earned a consensus recommendation of “Hold” from the twenty-four analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $366.18.

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Several research firms recently commented on SIVB. DA Davidson reduced their price objective on SVB Financial Group to $240.00 in a research note on Monday, December 12th. JPMorgan Chase & Co. cut their target price on SVB Financial Group from $375.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, December 13th. Wells Fargo & Company raised their target price on SVB Financial Group from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays cut their target price on SVB Financial Group from $411.00 to $308.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 3rd. Finally, Truist Financial increased their price target on SVB Financial Group from $250.00 to $269.00 and gave the stock a “buy” rating in a report on Monday, January 23rd.

SVB Financial Group Trading Down 3.0 {d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9}

Shares of SIVB stock opened at $292.79 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.48 and a quick ratio of 0.47. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.99 and a beta of 1.55. The stock has a 50 day simple moving average of $264.37 and a 200-day simple moving average of $302.53. SVB Financial Group has a 1-year low of $198.10 and a 1-year high of $627.63.

SVB Financial Group (NASDAQ:SIVB – Get Rating) last announced its earnings results on Thursday, January 19th. The bank reported $4.62 earnings per share for the quarter, missing the consensus estimate of $5.26 by ($0.64). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.48 billion. SVB Financial Group had a return on equity of 13.02{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} and a net margin of 22.05{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9}. The company’s quarterly revenue was up 1.9{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} compared to the same quarter last year. During the same period in the previous year, the company earned $6.22 earnings per share. On average, equities research analysts expect that SVB Financial Group will post 18.95 EPS for the current fiscal year.

Insider Buying and Selling at SVB Financial Group

In other SVB Financial Group news, CMO Michelle Draper sold 2,414 shares of the stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $215.61, for a total value of $520,482.54. Following the sale, the chief marketing officer now owns 2,997 shares of the company’s stock, valued at approximately $646,183.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CMO Michelle Draper sold 2,414 shares of the firm’s stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $215.61, for a total transaction of $520,482.54. Following the sale, the chief marketing officer now owns 2,997 shares of the company’s stock, valued at approximately $646,183.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Beverly Kay Matthews bought 1,000 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The shares were acquired at an average cost of $232.06 per share, for a total transaction of $232,060.00. Following the transaction, the director now directly owns 2,374 shares in the company, valued at approximately $550,910.44. The disclosure for this purchase can be found here. Insiders have sold 3,553 shares of company stock valued at $862,855 in the last quarter. Corporate insiders own 0.62{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} of the company’s stock.

Institutional Investors Weigh In On SVB Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ronald Blue Trust Inc. increased its position in SVB Financial Group by 243.5{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} during the fourth quarter. Ronald Blue Trust Inc. now owns 79 shares of the bank’s stock worth $26,000 after buying an additional 56 shares during the period. MV Capital Management Inc. increased its position in SVB Financial Group by 169.0{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} during the fourth quarter. MV Capital Management Inc. now owns 113 shares of the bank’s stock worth $26,000 after buying an additional 71 shares during the period. First Horizon Advisors Inc. increased its position in SVB Financial Group by 200.0{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} during the second quarter. First Horizon Advisors Inc. now owns 72 shares of the bank’s stock worth $27,000 after buying an additional 48 shares during the period. Massmutual Trust Co. FSB ADV increased its position in SVB Financial Group by 500.0{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 120 shares of the bank’s stock worth $28,000 after buying an additional 100 shares during the period. Finally, Glassman Wealth Services increased its position in SVB Financial Group by 103.2{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} during the fourth quarter. Glassman Wealth Services now owns 126 shares of the bank’s stock worth $29,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 92.35{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} of the company’s stock.

SVB Financial Group Company Profile

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SVB Financial Group is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. The Global Commercial Bank segment consists of results from the commercial bank, private equity division, SVB wine, SVB analytics, and debt fund investments.