In a report issued on April 23, Casey Haire from Jefferies maintained a Buy rating on Svb Financial Group (SIVB), with a price target of $598.00. The company’s shares closed last Thursday at $578.96, close to its 52-week high of $586.78.
According to TipRanks.com, Haire is a 5-star analyst with an average return of 16.5% and a 70.3% success rate. Haire covers the Financial sector, focusing on stocks such as People’s United Financial, Texas Capital Bancshares, and Associated Banc-Corp.
Currently, the analyst consensus on Svb Financial Group is a Moderate Buy with an average price target of $600.33, representing a 3.3% upside. In a report issued on April 23, RBC Capital also maintained a Buy rating on the stock with a $590.00 price target.
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The company has a one-year high of $586.78 and a one-year low of $152.76. Currently, Svb Financial Group has an average volume of 508.9K.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SIVB in relation to earlier this year. Most recently, in February 2021, Michelle Draper, the CMO of SIVB sold 2,684 shares for a total of $1,252,112.
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California-based SVB Financial Group is a diversified financial services company, which provides various banking and financial products and services. The company operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Leerink.