SVB Financial Group (SIVB) was Initiated by JMP Securities to “Mkt Outperform”. JMP Securities advised their investors in a research report released on Sep 16, 2016.
Many Wall Street Analysts have commented on SVB Financial Group. Shares were Reiterated by Maxim Group on Jul 25, 2016 to “Buy” and Lowered the Price Target to $ 150 from a previous price target of $170 .
On the company’s financial health, SVB Financial Group reported $1.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $1.71.Analysts expectations of $ 385.21.During the same quarter in the previous year, the company posted $1.71 EPS.
SVB Financial Group closed down -1.02 points or -0.97% at $104.23 with 516,445 shares getting traded on Wednesday. Post opening the session at $105.41, the shares hit an intraday low of $103.12 and an intraday high of $105.85 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Aug 29, 2016, Eric Benhamou (director) sold 2,000 shares at $106.38 per share price. According to the SEC, on Jul 28, 2016, Michael Descheneaux (Chief Financial Officer) sold 8,378 shares at $103.18 per share price. On Jul 28, 2016, Bruce Wallace (Chief Digital Officer) sold 2,300 shares at $103.25 per share price, according to the Form-4 filing with the securities and exchange commission.
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.