SVB Financial Group (NASDAQ:SIVB) has received an average recommendation of “Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $214.00.

Several research firms recently commented on SIVB. Jefferies Group LLC reissued a “buy” rating and issued a $216.00 price objective on shares of SVB Financial Group in a research note on Friday, August 11th. Maxim Group increased their price objective on SVB Financial Group from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Morgan Stanley reissued an “overweight” rating and issued a $213.00 price objective (up from $210.00) on shares of SVB Financial Group in a research note on Wednesday, October 4th. Finally, Stephens reissued a “buy” rating and issued a $205.00 price objective on shares of SVB Financial Group in a research note on Friday, July 28th.

In related news, Director Eric Benhamou sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $172.01, for a total transaction of $344,020.00. Following the completion of the sale, the director now directly owns 6,672 shares of the company’s stock, valued at approximately $1,147,650.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $219.34, for a total value of $495,708.40. Following the sale, the insider now directly owns 15,971 shares of the company’s stock, valued at $3,503,079.14. The disclosure for this sale can be found here. Insiders sold a total of 7,150 shares of company stock valued at $1,476,106 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Raymond James Trust N.A. increased its position in shares of SVB Financial Group by 0.3% during the 2nd quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock worth $259,000 after purchasing 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 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,661 shares of the bank’s stock worth $1,347,000 after purchasing 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 2nd quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock worth $181,000 after purchasing an additional 87 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of SVB Financial Group by 11.7% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock worth $160,000 after purchasing an additional 90 shares during the last quarter. Finally, Utah Retirement Systems increased its position in shares of SVB Financial Group by 1.1% during the 2nd quarter. Utah Retirement Systems now owns 9,600 shares of the bank’s stock worth $1,687,000 after purchasing an additional 100 shares during the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

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SVB Financial Group (SIVB) opened at $208.88 on Friday. SVB Financial Group has a 52 week low of $138.16 and a 52 week high of $223.82. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $10,982.20, a price-to-earnings ratio of 23.37, a P/E/G ratio of 1.99 and a beta of 1.64.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.50. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The firm had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. During the same period in the prior year, the company earned $2.12 EPS. The firm’s revenue was up 23.0% compared to the same quarter last year. equities analysts predict that SVB Financial Group will post 9.5 earnings per share for the current year.

About SVB Financial Group

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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