Analysts’ Opinions Are Mixed on These Financial Stocks: Svb Financial Group (SIVB) and CBTX Inc (CBTX)


Analysts have been eager to weigh in on the Financial sector with new ratings on Svb Financial Group (SIVB) and CBTX Inc (CBTX).

Svb Financial Group (SIVB)

In a report released yesterday, Tyler Stafford from Stephens maintained a Buy rating on Svb Financial Group, with a price target of $260. The company’s shares closed yesterday at $224.09.

Stafford wrote:

“We think investor expectations were low and positioning was skewed negative ahead of SIVB’s 2Q19 results. In sum, we thought the quarter was better than expected as EPS of $6.06 came in well ahead of our $5.17 and Streets $5.02 estimate on robust investment and warrant gains. Ex-sec. & warrant gains, Op. EPS of $4.72 was relatively in-line with us at $4.70. While the margin guide was lowered given robust IB deposit growth, we think the “low double digit NII growth” guidance with 2 Fed cuts for 2019 is better than feared, with the Company guiding low- end expense growth guidance and opportunities to slow growth further should revenues be pressured. We have an OW rating. KEY POINTS: Positives. NII ($529.4 mil.) beat our $525.5 mil. and was in line with Street. Average loans were +14% LQA, well ahead of our +9%.”

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.9% and a 53.7% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Amerant Bancorp Inc. Class A.

Currently, the analyst consensus on Svb Financial Group is a Moderate Buy with an average price target of $273.63, which is a 22.1% upside from current levels. In a report released today, Piper Jaffray also maintained a Buy rating on the stock with a $265 price target.

See today’s analyst top recommended stocks >>

CBTX Inc (CBTX)

In a report released yesterday, Matt Olney from Stephens maintained a Hold rating on CBTX Inc, with a price target of $31. The company’s shares closed yesterday at $29.32.

According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.0% and a 46.7% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.

The word on The Street in general, suggests a Hold analyst consensus rating for CBTX Inc with a $35 average price target.

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