Merrill Lynch analyst Ebrahim Poonawala maintained a Buy rating on Svb Financial Group (SIVB) today and set a price target of $200.00. The company’s shares closed last Friday at $173.99.
According to TipRanks.com, Poonawala is a 1-star analyst with an average return of -3.4% and a 45.8% success rate. Poonawala covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Texas Capital Bancshares, and Toronto Dominion Bank.
Svb Financial Group has an analyst consensus of Moderate Buy, with a price target consensus of $198.11, implying a 12.2% upside from current levels. In a report issued on April 13, RBC Capital also maintained a Buy rating on the stock with a $195.00 price target.
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Svb Financial Group’s market cap is currently $8.81B and has a P/E ratio of 7.70. The company has a Price to Book ratio of 1.45.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is neutral on the stock.
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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. The Global Commercial Bank segment is comprised of results primarily from the commercial bank, private equity division, SVB wine, SVB analytics, and the debt fund investments. The SVB Private segment is the private banking division, which provides a range of personal financial solutions for consumers. The SVB Capital segment is the venture capital investment arm of SVB Financial Group, which focuses primarily on funds management. The company was founded in Robert Medearis and Bill Biggerstaff 1983 and is headquartered in Santa Clara, CA.
