SVB Financial Group (NASDAQ:SIVB) Receives Daily Media Impact Rating of 0.42
Media stories about SVB Financial Group (NASDAQ:SIVB) have trended positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SVB Financial Group earned a media sentiment score of 0.42 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.1943593414464 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- SIVB Makes Notable Cross Below Critical Moving Average (nasdaq.com)
- State Of Tennessee, Treasury Department Bought A Lot More SVB Financial Group (SIVB) Stock In The Last Quarter – First News 24 (firstnewspaper24.com)
- Donuts Closes $110 Million in a Financing Led by Silicon Valley Bank – Markets Insider (markets.businessinsider.com)
- Neuberger Berman Group LLC Sold A Little More SVB Financial Group (SIVB) Stock – Modern Readers (modernreaders.com)
- SVB Financial Group (SIVB) Holdings Up in Latest Report from Victory Capital Management Inc – Modern Readers (modernreaders.com)
A number of brokerages have recently commented on SIVB. Zacks Investment Research lowered SVB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Wedbush restated a “neutral” rating and issued a $192.00 price target on shares of SVB Financial Group in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $195.00 target price on shares of SVB Financial Group in a research report on Friday, July 14th. Piper Jaffray Companies lowered their target price on SVB Financial Group from $99.00 to $96.00 and set a “buy” rating on the stock in a research report on Monday, April 17th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $188.00 target price on shares of SVB Financial Group in a research report on Monday, May 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $202.75.
Shares of SVB Financial Group (SIVB) traded down 0.46% during trading on Friday, reaching $172.03. The company’s stock had a trading volume of 513,125 shares. The stock’s 50 day moving average price is $179.24 and its 200-day moving average price is $181.13. SVB Financial Group has a 12 month low of $103.05 and a 12 month high of $198.83. The firm has a market cap of $9.06 billion, a PE ratio of 20.91 and a beta of 1.59.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.27. SVB Financial Group had a net margin of 28.12% and a return on equity of 12.90%. The company had revenue of $471.70 million during the quarter, compared to analyst estimates of $451.96 million. During the same quarter last year, the business posted $1.78 EPS. SVB Financial Group’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts predict that SVB Financial Group will post $8.98 EPS for the current year.
In related news, insider Bruce Wallace sold 8,790 shares of SVB Financial Group stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $182.58, for a total value of $1,604,878.20. Following the completion of the transaction, the insider now directly owns 14,248 shares in the company, valued at approximately $2,601,399.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip C. Cox sold 3,024 shares of SVB Financial Group stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total transaction of $552,787.20. Following the completion of the transaction, the insider now owns 2,872 shares of the company’s stock, valued at $525,001.60. The disclosure for this sale can be found here. Insiders sold a total of 22,314 shares of company stock valued at $4,085,570 over the last quarter. 0.73% of the stock is owned by company insiders.
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About SVB Financial Group
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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