SVB Financial Group (NASDAQ:SIVB) Director John F. Robinson sold 500 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $324.07, for a total value of $162,035.00. Following the sale, the director now owns 5,017 shares of the company’s stock, valued at approximately $1,625,859.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ SIVB opened at $314.81 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60. SVB Financial Group has a twelve month low of $167.99 and a twelve month high of $333.74. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 1.67 and a beta of 1.47.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, July 26th. The bank reported $4.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.86 by $0.56. SVB Financial Group had a return on equity of 16.47% and a net margin of 29.56%. The company had revenue of $659.10 million during the quarter, compared to analysts’ expectations of $612.75 million. During the same quarter in the previous year, the business earned $2.32 earnings per share. The firm’s revenue for the quarter was up 39.9% on a year-over-year basis. sell-side analysts anticipate that SVB Financial Group will post 17.29 earnings per share for the current year.

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated a “buy” rating and set a $355.00 target price on shares of SVB Financial Group in a research note on Friday, July 27th. Zacks Investment Research cut SVB Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 31st. BidaskClub cut SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. SunTrust Banks boosted their target price on SVB Financial Group to $350.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Finally, Wedbush boosted their target price on SVB Financial Group from $325.00 to $350.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $354.06.

Hedge funds and other institutional investors have recently modified their holdings of the business. Security National Trust Co. acquired a new position in shares of SVB Financial Group in the second quarter valued at approximately $116,000. Signaturefd LLC increased its holdings in shares of SVB Financial Group by 341.2% in the second quarter. Signaturefd LLC now owns 503 shares of the bank’s stock valued at $145,000 after purchasing an additional 389 shares during the period. Smithfield Trust Co. increased its holdings in shares of SVB Financial Group by 2,857.1% in the first quarter. Smithfield Trust Co. now owns 621 shares of the bank’s stock valued at $149,000 after purchasing an additional 600 shares during the period. Point72 Asia Hong Kong Ltd increased its holdings in shares of SVB Financial Group by 716.9% in the first quarter. Point72 Asia Hong Kong Ltd now owns 629 shares of the bank’s stock valued at $151,000 after purchasing an additional 552 shares during the period. Finally, Advisors Preferred LLC acquired a new position in shares of SVB Financial Group in the second quarter valued at approximately $167,000. Institutional investors own 88.87% of the company’s stock.

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.

Further Reading: Earnings Per Share

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

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