Morgan Stanley analyst Ken Zerbe maintained a Buy rating on Svb Financial Group (SIVB) today and set a price target of $265.00. The company’s shares closed last Monday at $190.98, close to its 52-week low of $177.70.
According to TipRanks.com, Zerbe is a 3-star analyst with an average return of 2.1% and a 48.9% success rate. Zerbe covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, People’s United Financial, and Commerce Bancshares Inc.
Svb Financial Group has an analyst consensus of Moderate Buy, with a price target consensus of $264.00, implying a 36.1% upside from current levels. In a report issued on September 18, SunTrust Robinson also maintained a Buy rating on the stock with a $250.00 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 $275 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.
