SVB Financial Group (NASDAQ:SIVB) has earned an average recommendation of “Buy” from the twenty-two analysts that are currently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $290.86.

A number of research analysts have issued reports on the stock. Morgan Stanley raised shares of Dongfeng Motor Group from an “equal weight” rating to an “overweight” rating in a report on Monday, July 1st. Piper Jaffray Companies cut shares of Mallinckrodt from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $39.00 to $9.00 in a report on Thursday, May 30th. Keefe, Bruyette & Woods increased their target price on shares of American International Group from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Sunday, July 7th. Sanford C. Bernstein cut shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 28th. Finally, FIG Partners cut shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Friday, April 26th.

In related news, COO Philip C. Cox sold 197 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $227.45, for a total transaction of $44,807.65. Following the sale, the chief operating officer now owns 8,185 shares in the company, valued at $1,861,678.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Marc C. Cadieux sold 2,304 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $240.77, for a total transaction of $554,734.08. Following the sale, the insider now owns 17,941 shares in the company, valued at approximately $4,319,654.57. The disclosure for this sale can be found here. Insiders sold 9,380 shares of company stock worth $2,258,430 over the last quarter. Company insiders own 0.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in SIVB. LPL Financial LLC raised its position in SVB Financial Group by 34.5% during the fourth quarter. LPL Financial LLC now owns 4,730 shares of the bank’s stock valued at $898,000 after purchasing an additional 1,212 shares during the period. PNC Financial Services Group Inc. raised its position in SVB Financial Group by 71.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,230 shares of the bank’s stock valued at $1,565,000 after purchasing an additional 3,433 shares during the period. Bank of Nova Scotia raised its position in SVB Financial Group by 6.0% during the fourth quarter. Bank of Nova Scotia now owns 11,447 shares of the bank’s stock valued at $2,174,000 after purchasing an additional 647 shares during the period. Commonwealth Equity Services LLC raised its position in SVB Financial Group by 26.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,861 shares of the bank’s stock valued at $1,492,000 after purchasing an additional 1,647 shares during the period. Finally, Blueshift Asset Management LLC purchased a new stake in SVB Financial Group during the fourth quarter valued at approximately $341,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.

NASDAQ SIVB traded up $5.18 during trading hours on Friday, hitting $222.25. 360,064 shares of the stock were exchanged, compared to its average volume of 500,754. The company has a market cap of $11.19 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 1.39 and a beta of 2.08. SVB Financial Group has a 12-month low of $177.70 and a 12-month high of $333.74. The stock has a 50-day moving average of $216.85. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.13.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $5.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $0.71. SVB Financial Group had a net margin of 36.09% and a return on equity of 20.83%. The firm had revenue of $793.26 million during the quarter, compared to analysts’ expectations of $744.49 million. During the same period in the prior year, the company posted $3.63 earnings per share. On average, analysts expect that SVB Financial Group will post 20.39 earnings per share for the current year.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The 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 and credit cards, account analysis, and disbursement, as well as online and mobile banking services.

Read More: Diluted Earnings Per Share

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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