SVB Financial Group (NASDAQ:SIVB) Price Target Lowered to $265.00 at Morgan Stanley

SVB Financial Group (NASDAQ:SIVB) had its target price cut by Morgan Stanley from $280.00 to $265.00 in a research note published on Thursday morning, AnalystRatings.com reports. They currently have an overweight rating on the bank’s stock.

SIVB has been the subject of a number of other research reports. Stephens reaffirmed a buy rating and set a $250.00 price target on shares of SVB Financial Group in a report on Tuesday, September 17th. Keefe, Bruyette & Woods downgraded shares of SVB Financial Group from an outperform rating to a market perform rating and cut their price target for the stock from $300.00 to $255.00 in a report on Sunday, July 7th. Piper Jaffray Companies set a $265.00 price target on shares of SVB Financial Group and gave the stock a buy rating in a report on Friday, July 26th. SunTrust Banks set a $250.00 price target on shares of SVB Financial Group and gave the stock a buy rating in a report on Wednesday, September 18th. Finally, JMP Securities cut their price target on shares of SVB Financial Group to $275.00 and set an outperform rating for the company in a report on Tuesday, July 30th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $268.27.

NASDAQ SIVB traded up $2.11 during trading on Thursday, reaching $197.67. The company’s stock had a trading volume of 479,658 shares, compared to its average volume of 512,358. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 1.17 and a beta of 2.16. SVB Financial Group has a 12 month low of $177.70 and a 12 month high of $322.91. The firm has a 50 day moving average price of $202.25 and a 200 day moving average price of $220.25.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $6.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.98 by $1.10. The firm had revenue of $863.15 million during the quarter, compared to the consensus estimate of $787.38 million. SVB Financial Group had a net margin of 35.83% and a return on equity of 21.44%. During the same quarter in the previous year, the firm posted $4.42 EPS. On average, equities analysts forecast that SVB Financial Group will post 21.23 EPS for the current fiscal year.

In related news, COO Philip C. Cox sold 350 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $230.80, for a total value of $80,780.00. Following the completion of the transaction, the chief operating officer now owns 7,909 shares of the company’s stock, valued at approximately $1,825,397.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Descheneaux sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $201.19, for a total transaction of $603,570.00. Following the completion of the transaction, the insider now directly owns 21,438 shares of the company’s stock, valued at approximately $4,313,111.22. The disclosure for this sale can be found here. In the last three months, insiders sold 6,198 shares of company stock valued at $1,335,030. 0.73% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of SIVB. Patriot Financial Group Insurance Agency LLC lifted its stake in SVB Financial Group by 3,733.3% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 115 shares of the bank’s stock valued at $25,000 after purchasing an additional 112 shares during the last quarter. Griffin Asset Management Inc. bought a new position in SVB Financial Group in the 2nd quarter valued at approximately $28,000. Pearl River Capital LLC bought a new position in SVB Financial Group in the 2nd quarter valued at approximately $30,000. NEXT Financial Group Inc bought a new position in SVB Financial Group in the 2nd quarter valued at approximately $33,000. Finally, CSat Investment Advisory L.P. lifted its stake in SVB Financial Group by 171.1% in the 2nd quarter. CSat Investment Advisory L.P. now owns 263 shares of the bank’s stock valued at $59,000 after purchasing an additional 166 shares during the last quarter. 91.21% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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