Svb Financial Group (SIVB) Receives a Buy from Stephens

By Carrie Williams

In a report released today, Tyler Stafford from Stephens maintained a Buy rating on Svb Financial Group (SIVBResearch Report), with a price target of $250. The company’s shares closed last Monday at $221.36.

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.2% and a 58.2% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

Currently, the analyst consensus on Svb Financial Group is a Moderate Buy with an average price target of $264.58, a 19.5% upside from current levels. In a report issued on September 12, Barclays also maintained a Buy rating on the stock with a $275 price target.

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Based on Svb Financial Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $318 million. In comparison, last year the company had a net profit of $238 million.

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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.