Piper Jaffray Companies restated their buy rating on shares of SVB Financial Group (NASDAQ:SIVB) in a research note released on Friday. They currently have a $212.00 price target on the bank’s stock.

A number of other brokerages have also issued reports on SIVB. Stephens reiterated a buy rating on shares of SVB Financial Group in a report on Thursday, April 27th. Keefe, Bruyette & Woods set a $191.00 price objective on shares of SVB Financial Group and gave the company a buy rating in a report on Monday, April 3rd. Jefferies Group LLC reiterated a buy rating and issued a $216.00 price objective on shares of SVB Financial Group in a report on Tuesday, April 4th. BidaskClub upgraded shares of SVB Financial Group from a buy rating to a strong-buy rating in a report on Wednesday, June 14th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $195.00 price objective on shares of SVB Financial Group in a report on Tuesday, April 4th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $200.27.

Shares of SVB Financial Group (NASDAQ SIVB) traded down 0.62% during midday trading on Friday, hitting $180.57. 349,084 shares of the stock traded hands. The company has a market capitalization of $9.48 billion, a price-to-earnings ratio of 23.46 and a beta of 1.60. The firm’s 50-day moving average is $176.72 and its 200 day moving average is $179.51. SVB Financial Group has a 52 week low of $96.86 and a 52 week high of $198.83.

SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Thursday, April 27th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $427.65 million during the quarter, compared to analysts’ expectations of $429.13 million. SVB Financial Group had a net margin of 23.67% and a return on equity of 10.77%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 earnings per share. Equities analysts forecast that SVB Financial Group will post $8.66 earnings per share for the current year.

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In other SVB Financial Group news, insider Bruce Wallace sold 8,790 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $182.58, for a total transaction of $1,604,878.20. Following the completion of the transaction, the insider now owns 14,248 shares in the company, valued at approximately $2,601,399.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Descheneaux sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $184.38, for a total transaction of $1,290,660.00. Following the transaction, the chief financial officer now owns 18,419 shares of the company’s stock, valued at approximately $3,396,095.22. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC increased its stake in shares of SVB Financial Group by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,942 shares of the bank’s stock valued at $547,000 after buying an additional 8 shares during the period. Capital One National Association increased its stake in shares of SVB Financial Group by 0.8% in the first quarter. Capital One National Association now owns 4,342 shares of the bank’s stock valued at $808,000 after buying an additional 35 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of SVB Financial Group by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,015 shares of the bank’s stock valued at $1,678,000 after buying an additional 38 shares during the period. Teacher Retirement System of Texas increased its stake in shares of SVB Financial Group by 1.8% in the first quarter. Teacher Retirement System of Texas now owns 4,130 shares of the bank’s stock valued at $769,000 after buying an additional 75 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of SVB Financial Group by 4.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,217 shares of the bank’s stock valued at $413,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 95.38% of the company’s stock.

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)

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