In a report issued on July 9, Tyler Stafford from Stephens reiterated a Buy rating on Svb Financial Group (NASDAQ: SIVB), with a price target of $350. The company’s shares closed yesterday at $295.30.
According to TipRanks.com, Stafford is a 5-star analyst with an average return of 18.8% and a 77.6% success rate. Stafford covers the Financial sector, focusing on stocks such as State Bank Financial Corporation, Capstar Financial Holdings Inc, and Carolina Financial Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Svb Financial Group with a $334.50 average price target, implying a 13.3% upside from current levels. In a report issued on June 26, Wells Fargo also maintained a Buy rating on the stock with a $335 price target.
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The company has a one-year high of $329.65 and a one-year low of $159.44. Currently, Svb Financial Group has an average volume of 517.3K.
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Kamran Husain, the CAO of SIVB sold 1,500 shares for a total of $480,568.
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.
