SVB Financial Group (SIVB) Receiving Favorable Media Coverage, Analysis Shows

Media stories about SVB Financial Group (NASDAQ:SIVB) have trended positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. SVB Financial Group earned a coverage optimism score of 0.32 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.9856781701608 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

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Several analysts recently weighed in on the stock. Maxim Group reiterated a “buy” rating and issued a $300.00 price objective (up from $250.00) on shares of SVB Financial Group in a research report on Wednesday, January 10th. Barclays reiterated a “hold” rating and issued a $273.00 price objective on shares of SVB Financial Group in a research report on Sunday, January 28th. BidaskClub downgraded shares of SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Morgan Stanley lifted their price objective on shares of SVB Financial Group from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, UBS assumed coverage on shares of SVB Financial Group in a research report on Thursday, March 22nd. They issued a “buy” rating and a $284.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $251.14.

Shares of SIVB stock traded up $4.20 during midday trading on Friday, reaching $240.01. 717,680 shares of the company were exchanged, compared to its average volume of 1,118,864. SVB Financial Group has a 12 month low of $159.44 and a 12 month high of $271.79. The company has a market capitalization of $12,694.13, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.41). SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. The company had revenue of $545.97 million for the quarter, compared to the consensus estimate of $523.45 million. During the same quarter last year, the firm posted $1.89 earnings per share. equities research analysts predict that SVB Financial Group will post 13.95 earnings per share for the current year.

In other SVB Financial Group news, insider Philip C. Cox sold 1,175 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $252.77, for a total transaction of $297,004.75. Following the sale, the insider now directly owns 4,097 shares in the company, valued at approximately $1,035,598.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michelle Draper sold 2,510 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $248.95, for a total transaction of $624,864.50. Following the sale, the insider now owns 7,879 shares in the company, valued at $1,961,477.05. The disclosure for this sale can be found here. Insiders have sold a total of 8,185 shares of company stock worth $2,017,574 over the last 90 days. 0.74% of the stock is owned by insiders.

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About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.

Insider Buying and Selling by Quarter for SVB Financial Group (NASDAQ:SIVB)

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