SVB Financial Group (NASDAQ:SIVB) Director Eric Benhamou sold 2,000 shares of SVB Financial Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $226.01, for a total transaction of $452,020.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
SVB Financial Group (SIVB) opened at $228.66 on Thursday. The company has a market cap of $12,000.10, a PE ratio of 25.54, a P/E/G ratio of 2.18 and a beta of 1.62. SVB Financial Group has a fifty-two week low of $159.44 and a fifty-two week high of $236.18. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.50. The company had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.12 EPS. equities analysts predict that SVB Financial Group will post 9.51 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the stock. ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks reiterated a “buy” rating and set a $245.00 price target on shares of SVB Financial Group in a research note on Friday, November 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 target price (up previously from $215.00) on shares of SVB Financial Group in a research note on Thursday, November 9th. Finally, Barclays set a $217.00 target price on shares of SVB Financial Group and gave the company a “hold” rating in a research note on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. SVB Financial Group currently has a consensus rating of “Buy” and a consensus price target of $216.21.
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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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