SVB Financial Group (NASDAQ:SIVB) Earns Sell Rating from Analysts at StockNews.com

Posted by Defense World Staff on Apr 12th, 2023

Equities research analysts at StockNews.com began coverage on shares of SVB Financial Group (NASDAQ:SIVB – Get Rating) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the bank’s stock.

A number of other analysts have also issued reports on SIVB. Wolfe Research lowered SVB Financial Group from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 10th. Morgan Stanley lifted their price target on shares of SVB Financial Group from $186.00 to $190.00 and gave the company an “underweight” rating in a report on Thursday, December 15th. Wells Fargo & Company reduced their target price on SVB Financial Group from $350.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, March 9th. Barclays lowered their price target on SVB Financial Group from $411.00 to $308.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 3rd. Finally, The Goldman Sachs Group increased their price target on SVB Financial Group from $280.00 to $312.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $348.47.

SVB Financial Group Trading Down 24.3 %

Shares of NASDAQ SIVB opened at $0.61 on Wednesday. The stock has a market capitalization of $35.82 million, a P/E ratio of 0.02, a PEG ratio of 0.91 and a beta of 1.57. The business’s 50 day moving average is $181.70 and its two-hundred day moving average is $230.14. SVB Financial Group has a 1-year low of $39.40 and a 1-year high of $597.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.48 and a quick ratio of 0.48.

SVB Financial Group (NASDAQ:SIVB – Get Rating) last issued its quarterly earnings data on Thursday, January 19th. The bank reported $4.62 EPS for the quarter, missing the consensus estimate of $5.26 by ($0.64). SVB Financial Group had a net margin of 22.05% and a return on equity of 13.02%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company posted $6.22 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, research analysts expect that SVB Financial Group will post 14.49 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Daniel J. Beck sold 2,000 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $287.59, for a total transaction of $575,180.00. Following the completion of the sale, the chief financial officer now owns 4,207 shares of the company’s stock, valued at $1,209,891.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Michelle Draper sold 165 shares of SVB Financial Group stock in a transaction on Friday, January 20th. The shares were sold at an average price of $300.00, for a total transaction of $49,500.00. Following the sale, the chief marketing officer now directly owns 4,261 shares in the company, valued at approximately $1,278,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel J. Beck sold 2,000 shares of SVB Financial Group stock in a transaction on Monday, February 27th. The shares were sold at an average price of $287.59, for a total transaction of $575,180.00. Following the completion of the transaction, the chief financial officer now owns 4,207 shares in the company, valued at $1,209,891.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,590 shares of company stock valued at $4,496,218. 0.62% of the stock is currently owned by insiders.

Institutional Trading of SVB Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in SIVB. Vontobel Holding Ltd. increased its position in SVB Financial Group by 156.4% during the first quarter. Vontobel Holding Ltd. now owns 3,703 shares of the bank’s stock worth $2,100,000 after purchasing an additional 2,259 shares during the last quarter. Blair William & Co. IL increased its stake in SVB Financial Group by 2.6% during the 1st quarter. Blair William & Co. IL now owns 2,368 shares of the bank’s stock valued at $1,325,000 after buying an additional 60 shares during the period. Prudential PLC bought a new position in shares of SVB Financial Group during the 1st quarter valued at about $704,000. National Pension Service boosted its position in shares of SVB Financial Group by 7.9% during the 1st quarter. National Pension Service now owns 78,901 shares of the bank’s stock valued at $44,141,000 after purchasing an additional 5,770 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of SVB Financial Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 6,346,725 shares of the bank’s stock worth $3,550,675,000 after buying an additional 92,553 shares during the period. Hedge funds and other institutional investors own 92.35% of the company’s stock.

SVB Financial Group Company Profile

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SVB Financial Group is a holding company, which engages in the provision of banking and financial services to clients primarily in the technology and life science/healthcare industries, as well as global private equity and venture capital clients. It operates through the following segments: Silicon Valley Bank, SVB Private, SVB Capital, and SVB Securities.