News headlines about SVB Financial Group (NASDAQ:SIVB) have been trending positive on Wednesday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. SVB Financial Group earned a news impact score of 0.41 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.924758569718 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- Why It's Wise to Hold SVB Financial (SIVB) Stock for Now (finance.yahoo.com)
- See what the IHS Markit Score report has to say about SVB Financial Group. (finance.yahoo.com)
- SVB Financial Group breached its 50 day moving average in a Bearish Manner : SIVB-US : August 11, 2017 (finance.yahoo.com)
- SIVB Makes Notable Cross Below Critical Moving Average (nasdaq.com)
- State Of Tennessee, Treasury Department Bought A Lot More SVB Financial Group (SIVB) Stock In The Last Quarter – First News 24 (firstnewspaper24.com)
SVB Financial Group (NASDAQ SIVB) traded down 0.30% during mid-day trading on Wednesday, hitting $174.13. The stock had a trading volume of 378,448 shares. The company’s 50 day moving average price is $179.38 and its 200 day moving average price is $181.14. The firm has a market cap of $9.18 billion, a PE ratio of 21.16 and a beta of 1.59. SVB Financial Group has a 52 week low of $103.12 and a 52 week high of $198.83.
SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.27. The company had revenue of $471.70 million during the quarter, compared to analysts’ expectations of $451.96 million. SVB Financial Group had a return on equity of 11.27% and a net margin of 24.36%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. Analysts anticipate that SVB Financial Group will post $8.99 earnings per share for the current year.
A number of research firms have issued reports on SIVB. Jefferies Group LLC reiterated a “buy” rating and issued a $216.00 target price on shares of SVB Financial Group in a research report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $195.00 target price on shares of SVB Financial Group in a research report on Friday, July 14th. Morgan Stanley lifted their target price on SVB Financial Group from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, June 6th. Maxim Group lifted their target price on SVB Financial Group from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, Stephens reiterated a “buy” rating and issued a $205.00 target price on shares of SVB Financial Group in a research report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. SVB Financial Group has a consensus rating of “Buy” and an average price target of $202.75.
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In other news, insider Michael Descheneaux sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $182.07, for a total value of $637,245.00. Following the completion of the transaction, the insider now owns 14,064 shares in the company, valued at approximately $2,560,632.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Philip C. Cox sold 3,024 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total value of $552,787.20. Following the completion of the transaction, the insider now owns 2,872 shares of the company’s stock, valued at approximately $525,001.60. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.
SVB Financial Group Company Profile
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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