SVB Financial Group (SIVB) Receives Daily Coverage Optimism Score of 0.41
News headlines about SVB Financial Group (NASDAQ:SIVB) have trended positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. SVB Financial Group earned a news impact score of 0.41 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.8753800097511 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern’s scoring:
- BidaskClub Lowers SVB Financial Group (SIVB) to Buy (americanbankingnews.com)
- Maxim Group Increases SVB Financial Group (SIVB) Price Target to $220.00 (americanbankingnews.com)
- Brokers Set Expectations for SVB Financial Group’s Q1 2018 Earnings (NASDAQ:SIVB) (expressnewsline.com)
- Appleton Partners Inc Buys Schwab US Large-Cap, SVB Financial Group, Schwab International Equity, Sells S&P … (gurufocus.com)
- SVB Financial Group (SIVB) Expected to Post Quarterly Sales of $535.60 Million (americanbankingnews.com)
A number of research firms have recently issued reports on SIVB. UBS began coverage on SVB Financial Group in a report on Thursday, March 22nd. They issued a “buy” rating and a $284.00 target price on the stock. Stephens reissued a “buy” rating on shares of SVB Financial Group in a report on Tuesday, March 20th. SunTrust Banks boosted their target price on SVB Financial Group to $300.00 and gave the company a “buy” rating in a report on Friday, January 26th. BidaskClub raised SVB Financial Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 6th. Finally, Jefferies Group reissued a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $260.42.
SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $545.97 million for the quarter, compared to analyst estimates of $523.45 million. During the same period in the prior year, the company earned $1.89 EPS. equities research analysts expect that SVB Financial Group will post 13.98 earnings per share for the current fiscal year.
In related news, insider Gregory W. Becker sold 4,500 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $243.49, for a total transaction of $1,095,705.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michelle Draper sold 2,510 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $248.95, for a total value of $624,864.50. Following the transaction, the insider now directly owns 7,879 shares in the company, valued at approximately $1,961,477.05. The disclosure for this sale can be found here. Insiders have sold 11,213 shares of company stock worth $2,724,673 in the last ninety days. 0.74% of the stock is currently owned by corporate 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.
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