SVB Financial Group (NASDAQ:SIVB) PT Raised to $360.00

SVB Financial Group (NASDAQ:SIVB) had its price objective lifted by investment analysts at Truist from $280.00 to $360.00 in a research note issued to investors on Monday, The Fly reports. Truist’s price target indicates a potential upside of 24.69% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of SVB Financial Group from a “buy” rating to a “hold” rating and set a $219.00 target price on the stock. in a research note on Friday, July 3rd. Barclays boosted their price target on shares of SVB Financial Group from $214.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Morgan Stanley upped their price objective on shares of SVB Financial Group from $260.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Oppenheimer raised their target price on shares of SVB Financial Group from $312.00 to $342.00 in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price target on SVB Financial Group from $250.00 to $275.00 in a research report on Friday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $251.88.

SIVB stock traded down $7.66 during trading on Monday, hitting $288.72. The stock had a trading volume of 6,605 shares, compared to its average volume of 472,457. SVB Financial Group has a twelve month low of $127.39 and a twelve month high of $307.75. The company’s 50-day moving average price is $254.59 and its two-hundred day moving average price is $220.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $15.34 billion, a P/E ratio of 16.73, a PEG ratio of 2.14 and a beta of 2.20.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, October 22nd. The bank reported $8.47 earnings per share for the quarter, beating the consensus estimate of $5.45 by $3.02. SVB Financial Group had a return on equity of 13.61% and a net margin of 25.26%. During the same period in the prior year, the firm earned $5.15 EPS. As a group, sell-side analysts expect that SVB Financial Group will post 15.81 EPS for the current fiscal year.

In other news, insider John China sold 1,264 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $223.66, for a total value of $282,706.24. Following the transaction, the insider now directly owns 21,899 shares in the company, valued at approximately $4,897,930.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Michelle Draper sold 213 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $223.66, for a total transaction of $47,639.58. Following the completion of the transaction, the chief marketing officer now owns 4,411 shares in the company, valued at $986,564.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,916 shares of company stock worth $3,188,051. Corporate insiders own 0.78% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. purchased a new position in shares of SVB Financial Group during the third quarter worth $26,000. NuWave Investment Management LLC acquired a new position in SVB Financial Group in the 3rd quarter valued at about $27,000. Parkside Financial Bank & Trust lifted its holdings in SVB Financial Group by 49.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 161 shares of the bank’s stock valued at $35,000 after purchasing an additional 53 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in shares of SVB Financial Group during the 3rd quarter worth about $36,000. Finally, Private Advisor Group LLC purchased a new stake in shares of SVB Financial Group during the second quarter worth about $44,000. Institutional investors own 90.04% of the company’s stock.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink. 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.

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The Fly

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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