Jefferies Maintains a 'Hold' on SVB Financial (SIVB); Strong Deposit Growth Delivers EPS Beat, Stretches Capital Ratios

Jefferies maintains a 'Hold' on SVB Financial (NASDAQ: SIVB), raises PT from $56 to $61.

Jefferies analyst says, "We raise our estimates ('11 estimate to $3.00 (from $2.40) and '12 estimate to $3.45 (from $3.05)) to reflect the big 1Q beat and a stronger revenue trajectory. While strong deposit growth is fueling impressive earnings growth, it is also bloating the balance sheet and threatening capital ratios, which could temper investors' enthusiasm to the outsized earnings beat."

For more ratings news on SVB Financial click here and for the rating history of SVB Financial click here.

Shares of SVB Financial closed at $57.25 yesterday.

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