SVB Financial Group (NASDAQ:SIVB) Receives Average Recommendation of “Hold” from Brokerages

Posted by Defense World Staff on May 5th, 2023

SVB Financial Group (NASDAQ:SIVB – Get Rating) has received a consensus rating of “Hold” from the twenty-two research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $332.81.

SIVB has been the subject of several recent analyst reports. Wolfe Research cut shares of SVB Financial Group from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 10th. Maxim Group cut shares of SVB Financial Group from a “buy” rating to a “sell” rating in a research report on Friday, March 10th. Wells Fargo & Company decreased their target price on shares of SVB Financial Group from $350.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, March 9th. Raymond James cut shares of SVB Financial Group from an “outperform” rating to a “market perform” rating in a research report on Friday, March 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of SVB Financial Group from $300.00 to $270.00 and set an “overweight” rating for the company in a research report on Thursday, March 9th.

Insider Transactions at SVB Financial Group

In other news, CEO Gregory W. Becker sold 12,451 shares of the business’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $287.42, for a total transaction of $3,578,666.42. Following the sale, the chief executive officer now directly owns 92,552 shares of the company’s stock, valued at $26,601,295.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gregory W. Becker sold 12,451 shares of SVB Financial Group stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $287.42, for a total value of $3,578,666.42. Following the transaction, the chief executive officer now directly owns 92,552 shares of the company’s stock, valued at $26,601,295.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel J. Beck sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 4,207 shares of the company’s stock, valued at approximately $1,209,891.13. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SIVB. Vontobel Holding Ltd. grew its holdings in shares of SVB Financial Group by 156.4% during the first quarter. Vontobel Holding Ltd. now owns 3,703 shares of the bank’s stock valued at $2,100,000 after buying an additional 2,259 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of SVB Financial Group by 2.6% during the first 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 in the last quarter. Prudential PLC purchased a new position in shares of SVB Financial Group during the first quarter valued at $704,000. National Pension Service grew its holdings in shares of SVB Financial Group by 7.9% during the first quarter. National Pension Service now owns 78,901 shares of the bank’s stock valued at $44,141,000 after buying an additional 5,770 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of SVB Financial Group by 1.5% during the first quarter. Vanguard Group Inc. now owns 6,346,725 shares of the bank’s stock valued at $3,550,675,000 after buying an additional 92,553 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

SVB Financial Group Price Performance

Shares of NASDAQ:SIVB opened at $0.41 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.42. SVB Financial Group has a fifty-two week low of $39.40 and a fifty-two week high of $597.16. The firm has a 50-day simple moving average of $77.01 and a 200 day simple moving average of $191.21. The company has a market cap of $24.41 million, a PE ratio of 0.02, a P/E/G ratio of 0.91 and a beta of 1.57.

About SVB Financial Group

(Get Rating)

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.

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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