Out of 8 analysts covering SVB Financial Group (NASDAQ:SIVB), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $152 is the highest target while $125 is the lowest. The $134.60 average target is 23.14% above today’s ($109.31) stock price. SVB Financial Group has been the topic of 12 analyst reports since October 6, 2015 according to StockzIntelligence Inc. JMP Securities initiated the stock on September 16 with “Mkt Outperform” rating. Wood maintained the shares of SIVB in a report on May 27 with “Outperform” rating. Below is a list of SVB Financial Group (NASDAQ:SIVB) latest ratings and price target changes.
16/09/2016 Broker: JMP Securities Rating: Mkt Outperform Initiate
22/07/2016 Broker: DA Davidson Old Rating: Buy New Rating: Neutral Downgrade
27/05/2016 Broker: Wood Rating: Outperform Old Target: $140.00 New Target: $131.00 Maintain
The stock increased 1.70% or $1.83 during the last trading session, hitting $109.31. SVB Financial Group (NASDAQ:SIVB) has risen 26.62% since February 25, 2016 and is uptrending. It has outperformed by 15.36% the S&P500.
SVB Financial Group is a diversified financial services, bank holding and financial holding company. The company has a market cap of $5.76 billion. The Firm operates through three divisions: Global Commercial Bank, SVB Private Bank and SVB Capital. It has a 16.68 P/E ratio. The Global Commercial Bank segment consists of the activities of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.
Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.08, from 1.15 in 2016Q1. The ratio worsened, as 45 funds sold all SVB Financial Group shares owned while 105 reduced positions. 38 funds bought stakes while 123 increased positions. They now own 47.12 million shares or 1.59% less from 47.89 million shares in 2016Q1.
Stieven Capital Advisors L.P. holds 3.24% of its portfolio in SVB Financial Group for 122,100 shares. Davis Capital Partners Llc owns 190,000 shares or 3.13% of their US portfolio. Moreover, Basswood Capital Management L.L.C. has 2.44% invested in the company for 442,682 shares. The Delaware-based Ashford Capital Management Inc has invested 2.18% in the stock. Harding Loevner Lp, a New Jersey-based fund reported 2.88 million shares.
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