Jefferies Believes Svb Financial Group (NASDAQ: SIVB) Won’t Stop Here

By Austin Angelo

Jefferies analyst Ken Usdin reiterated a Buy rating on Svb Financial Group (NASDAQ: SIVB) on June 9 and set a price target of $216. The company’s shares closed last Friday at $180.66, close to its 52-week high of $198.83.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 19.9% and a 80.4% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Currently, the analyst consensus on Svb Financial Group is Strong Buy and the average price target is $205.57, representing a 13.8% upside.

In a report issued on May 29, KBW also reiterated a Buy rating on the stock with a $196 price target.

The company has a one year high of $198.83 and a one year low of $82.90. Currently, Svb Financial Group has an average volume of 602.4K.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. Last month, Bruce Wallace, the Chief Digital Officer of SIVB sold 8,790 shares for a total of $1,604,840.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SVB Financial Group is a financial, and bank holding company, which engages in the provision of banking, and financial products and services. It operates through the following segment: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment is comprised of results primarily from the commercial bank, private equity division, svb wine, svb analytics, and the debt fund investments. The SVB Private segment is the private banking division, which provides a range of personal financial solutions for consumers. The SVB Capital segment is the venture capital investment arm of SVB Financial Group, which focuses primarily on funds management. The company was founded in Robert Medearis and Bill Biggerstaff 1983 and is headquartered in Santa Clara, CA.