SVB Financial Group (SIVB) Insider Christopher Edmonds-Waters Sells 3,630 Shares
SVB Financial Group (NASDAQ:SIVB) insider Christopher Edmonds-Waters sold 3,630 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total value of $761,791.80. Following the transaction, the insider now owns 5,918 shares in the company, valued at approximately $1,241,951.48. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of SVB Financial Group (SIVB) traded up $0.99 on Friday, hitting $215.22. The company’s stock had a trading volume of 261,074 shares, compared to its average volume of 492,112. SVB Financial Group has a twelve month low of $149.01 and a twelve month high of $223.82. The firm has a market cap of $11,300.00, a P/E ratio of 23.94, a PEG ratio of 2.04 and a beta of 1.63. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.18.
SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.50. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The business had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. During the same period last year, the company earned $2.12 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. equities analysts expect that SVB Financial Group will post 9.5 EPS for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the business. BDO Wealth Advisors LLC acquired a new stake in shares of SVB Financial Group in the 2nd quarter worth $109,000. Exane Derivatives acquired a new stake in shares of SVB Financial Group in the 2nd quarter worth $119,000. Peddock Capital Advisors LLC acquired a new stake in shares of SVB Financial Group in the 2nd quarter worth $130,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of SVB Financial Group by 79.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 774 shares of the bank’s stock worth $136,000 after acquiring an additional 343 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in shares of SVB Financial Group by 58.6% in the 2nd quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock worth $137,000 after acquiring an additional 289 shares during the last quarter. 94.52% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on SIVB shares. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $247.00 target price on the stock in a research report on Tuesday, October 31st. Stephens reiterated a “buy” rating and set a $205.00 target price on shares of SVB Financial Group in a research report on Friday, July 28th. BidaskClub lowered SVB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Maxim Group restated a “buy” rating and issued a $250.00 price objective (up previously from $220.00) on shares of SVB Financial Group in a report on Monday, October 30th. Finally, ValuEngine upgraded SVB Financial Group from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $216.21.
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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