Shares of SVB Financial Group (NASDAQ:SIVB) have received an average rating of “Buy” from the eleven analysts that are currently covering the stock, Market Beat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $151.22.
SVB Financial Group (NASDAQ:SIVB) traded up 1.84% on Tuesday, hitting $150.51. The stock had a trading volume of 297,737 shares. SVB Financial Group has a 1-year low of $91.54 and a 1-year high of $150.72. The stock’s 50-day moving average is $143.41 and its 200-day moving average is $128.77. The company has a market cap of $7.71 billion and a price-to-earnings ratio of 29.36.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.35 by $0.36. During the same quarter last year, the company posted $1.95 earnings per share. On average, analysts predict that SVB Financial Group will post $6.28 earnings per share for the current fiscal year.
SIVB has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $165.00 price target (up previously from $130.00) on shares of SVB Financial Group in a research note on Thursday, July 2nd. Analysts at Jefferies Group raised their price target on shares of SVB Financial Group from $146.00 to $164.00 in a research note on Thursday, July 2nd. Analysts at Barclays reiterated an “overweight” rating and set a $169.00 price target on shares of SVB Financial Group in a research note on Thursday, July 2nd. Analysts at RBC Capital raised their price target on shares of SVB Financial Group from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, June 12th. Finally, analysts at Raymond James reiterated a “strong-buy” rating and set a $160.00 price target (up previously from $156.00) on shares of SVB Financial Group in a research note on Monday, June 1st.
In other SVB Financial Group news, CFO Michael Descheneaux sold 3,767 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $142.30, for a total transaction of $536,044.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eric Benhamou sold 3,001 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $133.40, for a total transaction of $400,333.40. The disclosure for this sale can be found here.
SVB Financial Group (NASDAQ:SIVB) is a diversified financial services company, as well as a bank holding company and a financial holding company. The Company offers a variety of banking and financial products and services to clients across the United States, as well as in key international entrepreneurial markets. SVB Financial has three operating segments: Global Commercial Bank, SVB Private Bank and SVB Capital. It offers commercial and private banking products and services through its subsidiary, Silicon Valley Bank (the Bank). Through its subsidiaries, the Bank also offers investment advisory, asset management, private wealth management, and brokerage services. The Company operates through 28 offices in the United States, as well as offices internationally in China, Hong Kong, India, Israel and the United Kingdom.