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SIVB

SVB Financial

$321.91

-0.11 (-0.03%)

04:55
08/09/18
08/09
04:55
08/09/18
04:55

SVB Financial management to meet with JPMorgan

Meetings to be held in Minneapolis/Toronto on August 7, in Atlanta/Toronto on August 8 and in Atlanta on August 9 hosted by JPMorgan.

  • 09

    Aug

  • 04

    Sep

  • 24

    Sep

  • 04

    Dec

SIVB SVB Financial
$321.91

-0.11 (-0.03%)

06/26/18
RHCO
06/26/18
DOWNGRADE
Target $60
RHCO
Hold
Ameris Bancorp downgraded to Hold at SunTrust on rising banking competition
As reported earlier, SunTrust analyst Jennifer Demba downgraded Ameris Bancorp (ABCB) to Hold from Buy and kept her $60 price target, saying she now reserves a bullish rating for banks with near-term catalysts such as outsized asset sensitivity and restructuring that offer upside earnings potential. The analyst cites greater loan/deposit competition, bottoming non-performing loans, and accelerating de novo formation for a more cautious view toward the sector. Demba adds that Ameris Bancorp stock trades "close to fairly valued" with its price to tangible book value above its peers. As part of the broader research note, Demba also downgraded United Community Banks (UCBI) to Hold from Buy and lowered her price target to $36 from $37. She prefers the "restructuring story" IBERIABANK (IBKC) and the asset-sensitive SVB Financial (SIVB) and Synovus Financial (SNV).
06/26/18
WELS
06/26/18
NO CHANGE
Target $335
WELS
Outperform
SVB Financial price target raised to $335 from $325 at Wells Fargo
Wells Fargo analyst Jared Shaw raised his price target for SVB Financial to $335 from $325 heading into Q2 as he believes the banking industry continues to benefit from a level of structural tailwinds he has not seen in over a decade. The analyst reiterates an Outperform rating on the shares.
07/30/18
MAXM
07/30/18
NO CHANGE
Target $365
MAXM
Buy
SVB Financial price target raised to $365 from $350 at Maxim
Maxim analyst Michael Diana raised his price target on SVB Financial to $365 and kept his Buy rating after the company posted "another blowout quarter" in Q2. The analyst cited a 9.7% rise in total client funds, 21bp expansion in net interest margins, and unchanged core efficiency ratio at 47%. Diana also raised his FY18 EPS target to $17.65 from $17.00, noting that SVB Financial is his "top pick" among the "smid-cap" banks in the long term.
07/30/18
RHCO
07/30/18
NO CHANGE
Target $350
RHCO
Buy
SVB Financial price target raised to $350 from $335 at SunTrust
SunTrust analyst Jennifer Demba raised her price target on SVB Financial to $350 after its Q2 results, citing better revenue growth and lower loan loss provisioning along with its record liquidity levels. The analyst also notes the 11% rise in net interest income and a near-18% rise in average loans. Demba keeps her Buy rating on SVB Financial, stating that its loan and fee income growth could outpace the industry thanks to its leading position in the technology and life sciences industries lending.

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