In a report released today, Michael Diana from Maxim Group maintained a Buy rating on Svb Financial Group (SIVB), with a price target of $300. The company’s shares opened today at $228.61.
According to TipRanks.com, Diana is a 5-star analyst with an average return of 7.1% and a 61.3% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
Currently, the analyst consensus on Svb Financial Group is a Moderate Buy with an average price target of $268, a 17.2% upside from current levels. In a report issued on July 26, Piper Jaffray also maintained a Buy rating on the stock with a $265 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 $238 million.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SIVB in relation to earlier this year.
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 segments: Global Commercial Bank, SVB Private Bank, and SVB Capital.