SVB Financial Group (NASDAQ:SIVB) declared that its Board of Directors has initiated a share buyback program, which authorizes the company to buyback $500.00 million in outstanding shares on Tuesday, November 13th. This buyback authorization authorizes the bank to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

A number of equities analysts have recently issued reports on SIVB shares. BidaskClub lowered shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Jefferies Financial Group reiterated a “buy” rating and set a $360.00 target price on shares of SVB Financial Group in a research report on Friday, July 27th. DA Davidson upgraded shares of SVB Financial Group from a “neutral” rating to a “buy” rating and set a $345.00 target price on the stock in a research report on Friday, October 26th. ValuEngine lowered shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Finally, Zacks Investment Research upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $346.00 target price on the stock in a research report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $347.00.

Shares of NASDAQ SIVB opened at $240.34 on Friday. SVB Financial Group has a fifty-two week low of $211.91 and a fifty-two week high of $333.74. The company has a market capitalization of $12.82 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.68. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, October 25th. The bank reported $5.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.44 by $0.66. SVB Financial Group had a net margin of 32.44% and a return on equity of 18.39%. The business had revenue of $703.29 million for the quarter, compared to analyst estimates of $664.51 million. Research analysts predict that SVB Financial Group will post 17.93 EPS for the current fiscal year.

In other SVB Financial Group news, insider Michael Descheneaux sold 1,750 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $239.73, for a total value of $419,527.50. Following the completion of the sale, the insider now owns 18,289 shares of the company’s stock, valued at $4,384,421.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John F. Robinson sold 500 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $324.07, for a total transaction of $162,035.00. Following the completion of the sale, the director now directly owns 5,017 shares of the company’s stock, valued at approximately $1,625,859.19. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

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SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.

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