Stephens Keeps Their Buy Rating on Svb Financial Group (SIVB)

By Carrie Williams

In a report released yesterday, Tyler Stafford from Stephens maintained a Buy rating on Svb Financial Group (SIVBResearch Report), with a price target of $290. The company’s shares closed yesterday at $247.36.

Stafford noted:

“We suspect focus on the call will be around deposit trends / costs during the quarter. See below for summary results and updated guidance table. We have an Overweight rating. The call is at 6 pm ET tonight.”

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.4% and a 57.4% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Svb Financial Group with a $286.43 average price target, implying a 15.8% upside from current levels. In a report released today, Merrill Lynch also maintained a Buy rating on the stock with a $275 price target.

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The company has a one-year high of $333.74 and a one-year low of $177.70. Currently, Svb Financial Group has an average volume of 469.6K.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. Last month, John China, the Head of Technology Banking of SIVB sold 11,200 shares for a total of $2,790,032.

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 segments: Global Commercial Bank, SVB Private Bank, and SVB Capital.