SVB Financial Group (NASDAQ:SIVB) insider Gregory W. Becker sold 9,511 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $232.68, for a total transaction of $2,213,019.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
SVB Financial Group (SIVB) traded up $1.13 during trading hours on Thursday, hitting $229.79. 425,617 shares of the stock were exchanged, compared to its average volume of 484,456. SVB Financial Group has a 52 week low of $159.44 and a 52 week high of $236.18. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $12,120.00, a PE ratio of 25.54, a P/E/G ratio of 2.18 and a beta of 1.62.
SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.50. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The company had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. During the same quarter in the previous year, the company posted $2.12 earnings per share. SVB Financial Group’s quarterly revenue was up 23.0% compared to the same quarter last year. analysts anticipate that SVB Financial Group will post 9.51 earnings per share for the current fiscal year.
A number of research analysts have commented on SIVB shares. ValuEngine upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Wells Fargo & Company restated an “outperform” rating and set a $240.00 price target (up previously from $215.00) on shares of SVB Financial Group in a research note on Thursday, November 9th. Maxim Group restated a “buy” rating and set a $250.00 price target (up previously from $220.00) on shares of SVB Financial Group in a research note on Monday, October 30th. Finally, Barclays set a $217.00 price target on shares of SVB Financial Group and gave the stock a “hold” rating in a research note on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $216.21.
About SVB Financial Group
SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.
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