SVB Financial Group (SIVB) Rating Lowered to Hold at ValuEngine

SVB Financial Group (NASDAQ:SIVB) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

SIVB has been the subject of a number of other research reports. BidaskClub cut shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. FIG Partners cut shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a research report on Friday, January 26th. Wells Fargo reissued an “outperform” rating and set a $280.00 target price (up previously from $240.00) on shares of SVB Financial Group in a research report on Tuesday, January 9th. Morgan Stanley increased their target price on shares of SVB Financial Group from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, Stephens reissued a “buy” rating on shares of SVB Financial Group in a research report on Tuesday, March 20th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $251.14.

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Shares of SVB Financial Group (NASDAQ SIVB) opened at $239.55 on Friday. SVB Financial Group has a 52-week low of $159.44 and a 52-week high of $271.79. The firm has a market cap of $13,257.87, a P/E ratio of 26.01, a PEG ratio of 1.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.59.

SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Thursday, January 25th. The bank reported $2.19 EPS for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.41). SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. The firm had revenue of $545.97 million for the quarter, compared to analysts’ expectations of $523.45 million. During the same period in the previous year, the company earned $1.89 EPS. research analysts expect that SVB Financial Group will post 13.82 earnings per share for the current fiscal year.

In other SVB Financial Group news, insider Philip C. Cox sold 1,175 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $252.77, for a total value of $297,004.75. Following the completion of the transaction, the insider now owns 4,097 shares of the company’s stock, valued at $1,035,598.69. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michelle Draper sold 2,510 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $248.95, for a total transaction of $624,864.50. Following the completion of the transaction, the insider now directly owns 7,879 shares of the company’s stock, valued at approximately $1,961,477.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,185 shares of company stock valued at $2,017,574. Corporate insiders own 0.74% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wagner Wealth Management LLC purchased a new position in shares of SVB Financial Group in the fourth quarter worth $100,000. We Are One Seven LLC purchased a new position in shares of SVB Financial Group in the fourth quarter worth $169,000. Green Square Capital LLC purchased a new position in shares of SVB Financial Group in the third quarter worth $206,000. Lourd Capital LLC purchased a new position in shares of SVB Financial Group in the fourth quarter worth $207,000. Finally, IPG Investment Advisors LLC purchased a new position in shares of SVB Financial Group in the fourth quarter worth $213,000. 89.65% of the stock is owned by institutional investors and hedge funds.

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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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