SVB Financial Group - SIVB Stock Forecast, Price & News

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. This segment also offers traditional term and equipment loans, asset-based loans, revolving lines of credit, warehouse facilities, recurring revenue and acquisition finance facilities, mezzanine lending, corporate working capital facilities, and credit card programs; treasury management products and services; business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts; receivables services, which include merchant services, remote capture, lockbox, and fraud control services; wire transfer and automated clearing house payment services; business bill pay, credit and debit cards, account analysis, and disbursement services. In addition, it offers foreign exchange and trade finance products and services; letters of credit; and investment services and solutions. The SVB Private Bank segment offers mortgages, home equity lines of credit, restricted and private stock loans, capital call lines of credit, and other secured and unsecured lending products; planning-based financial strategies, wealth management, family office, financial planning, tax planning, and trust services; and real estate secured loans. The SVB Capital segment provides venture capital investment services. The SVB Securities segment provides investment banking services; products and services, including capital raising, merger and acquisition advisory, equity research, and sales and trading. It operates through 56 offices in the United States and internationally. The company was founded in 1983 and is headquartered in Santa Clara, California.

Wall Street Analysts Forecast Growth

SIVB has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of SVB Financial Group from $523.00 to $493.00 and set an "overweight" rating for the company in a research note on Friday, July 22nd. Wells Fargo & Company reduced their price objective on shares of SVB Financial Group from $650.00 to $550.00 in a research note on Friday, July 22nd. Barclays reduced their price objective on shares of SVB Financial Group from $789.00 to $638.00 and set an "equal weight" rating for the company in a research note on Monday, July 25th. UBS Group reduced their price objective on shares of SVB Financial Group from $625.00 to $430.00 and set a "neutral" rating for the company in a research note on Wednesday, July 27th. Finally, Jefferies Financial Group reduced their price objective on shares of SVB Financial Group from $534.00 to $498.00 in a research note on Monday, July 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, SVB Financial Group has a consensus rating of "Moderate Buy" and a consensus target price of $574.73.

SVB Financial Group Stock Performance

SVB Financial Group stock traded down $0.50 during mid-day trading on Monday, hitting $412.71. The company had a trading volume of 351,581 shares, compared to its average volume of 569,313. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.27. SVB Financial Group has a 12-month low of $355.37 and a 12-month high of $763.22. The company's fifty day moving average is $418.15 and its 200-day moving average is $498.26. The company has a market capitalization of $24.29 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.69 and a beta of 1.75.

SVB Financial Group (NASDAQ:SIVB - Get Rating) last released its quarterly earnings data on Thursday, July 21st. The bank reported $5.60 EPS for the quarter, missing the consensus estimate of $7.76 by ($2.16). SVB Financial Group had a return on equity of 13.43% and a net margin of 25.58%. During the same period in the previous year, the business posted $9.09 earnings per share. Equities research analysts predict that SVB Financial Group will post 30.59 EPS for the current year.

Insider Activity

In other news, Director Garen K. Staglin sold 500 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $484.41, for a total transaction of $242,205.00. Following the transaction, the director now owns 13,680 shares in the company, valued at approximately $6,626,728.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.62% of the company's stock.