SVB Financial Group (NASDAQ:SIVB) : 15 analysts are covering SVB Financial Group (NASDAQ:SIVB) and their average rating on the stock is 1.3, which is read as a Strong Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. SVB Financial Group (NASDAQ:SIVB) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
SVB Financial Group (NASDAQ:SIVB) : 12 Wall Street analysts covering SVB Financial Group (NASDAQ:SIVB) believe that the average level the stock could reach for the short term is $134. The maximum price target given is $170 and the minimum target for short term is around $120, hence the standard deviation is calculated at $12.81.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Keefe Bruyette & Woods maintains its rating on SVB Financial Group (NASDAQ:SIVB). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Keefe Bruyette & Woods lowers the price target from $140 per share to $131 per share. The rating by the firm was issued on May 27, 2016.
SVB Financial Group (NASDAQ:SIVB): stock turned positive on Tuesday. Though the stock opened at $86.16, the bulls momentum made the stock top out at $90.7 level for the day. The stock recorded a low of $86.16 and closed the trading day at $90.17, in the green by 7.98%. The total traded volume for the day was 2,091,959. The stock had closed at $83.51 in the previous days trading.
In an insider trading activity, The director, of Svb Financial Group, Benhamou Eric had unloaded 1,365 shares at $110 per share in a transaction on June 1, 2016. The total value of transaction was $150,150. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank, SVB Private Bank and SVB Capital. The Company, through its subsidiaries and divisions, offers a range of banking and financial products and services to clients across the United States, as well as in key international entrepreneurial markets. The Company offers services in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. The Company offers commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank (the Bank), which is a California state-chartered bank. The Bank and its subsidiaries, also offer asset management, private wealth management, brokerage and other investment services. SVB Private Bank provides personal financial solutions. SVB Capital focuses primarily on funds management.