StockNews.com Downgrades SVB Financial Group (NASDAQ:SIVB) to Sell

SVB Financial Group (NASDAQ:SIVBGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other analysts have also recently weighed in on the company. Janney Montgomery Scott cut SVB Financial Group from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $280.00 to $500.00 in a research report on Friday, October 21st. TheStreet lowered SVB Financial Group from a “b-” rating to a “c+” rating in a research note on Thursday, September 29th. Morgan Stanley cut their price target on SVB Financial Group from $351.00 to $253.00 and set an “equal weight” rating for the company in a research note on Monday, October 24th. Wells Fargo & Company cut their price target on SVB Financial Group from $450.00 to $400.00 and set an “overweight” rating for the company in a research note on Friday, October 21st. Finally, Raymond James cut their price target on SVB Financial Group from $480.00 to $345.00 and set an “outperform” rating for the company in a research note on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $419.79.

SVB Financial Group Stock Up 2.3 %

NASDAQ SIVB traded up $4.93 during midday trading on Thursday, hitting $222.20. 700,949 shares of the company traded hands, compared to its average volume of 1,229,322. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $13.13 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.52. The company’s 50-day simple moving average is $283.94 and its 200-day simple moving average is $375.79. SVB Financial Group has a 52 week low of $204.37 and a 52 week high of $752.68.

SVB Financial Group (NASDAQ:SIVBGet Rating) last announced its earnings results on Thursday, October 20th. The bank reported $7.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.95 by $0.26. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.64 billion. SVB Financial Group had a return on equity of 13.72% and a net margin of 25.57%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $7.26 EPS. As a group, equities research analysts forecast that SVB Financial Group will post 26.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Urban Wealth Management LLC purchased a new position in SVB Financial Group in the second quarter worth approximately $26,000. First Horizon Advisors Inc. grew its position in SVB Financial Group by 200.0% in the second quarter. First Horizon Advisors Inc. now owns 72 shares of the bank’s stock worth $27,000 after acquiring an additional 48 shares during the period. TCI Wealth Advisors Inc. grew its position in SVB Financial Group by 52.0% in the second quarter. TCI Wealth Advisors Inc. now owns 76 shares of the bank’s stock worth $30,000 after acquiring an additional 26 shares during the period. Valley National Advisers Inc. grew its position in SVB Financial Group by 73.0% in the first quarter. Valley National Advisers Inc. now owns 64 shares of the bank’s stock worth $36,000 after acquiring an additional 27 shares during the period. Finally, Private Trust Co. NA grew its position in SVB Financial Group by 107.8% in the third quarter. Private Trust Co. NA now owns 106 shares of the bank’s stock worth $36,000 after acquiring an additional 55 shares during the period. 91.48% of the stock is currently owned by institutional investors and hedge funds.

About SVB Financial Group

(Get Rating)

SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.

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