SVB Financial Group (SIVB) Receives News Sentiment Score of 0.41
Media headlines about SVB Financial Group (NASDAQ:SIVB) have trended positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SVB Financial Group earned a media sentiment score of 0.41 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.924758569718 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Why It's Wise to Hold SVB Financial (SIVB) Stock for Now (finance.yahoo.com)
- See what the IHS Markit Score report has to say about SVB Financial Group. (finance.yahoo.com)
- SVB Financial Group breached its 50 day moving average in a Bearish Manner : SIVB-US : August 11, 2017 (finance.yahoo.com)
- 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)
SVB Financial Group (NASDAQ:SIVB) traded down 0.30% during mid-day trading on Wednesday, reaching $174.13. The company’s stock had a trading volume of 378,448 shares. SVB Financial Group has a one year low of $103.12 and a one year high of $198.83. The stock has a 50-day moving average price of $179.38 and a 200-day moving average price of $181.14. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 21.16 and a beta of 1.59.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings results on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.27. The firm had revenue of $471.70 million for the quarter, compared to analyst estimates of $451.96 million. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. Equities research analysts forecast that SVB Financial Group will post $8.99 EPS for the current year.
Several brokerages recently commented on SIVB. Jefferies Group LLC reaffirmed a “buy” rating and issued a $216.00 price objective on shares of SVB Financial Group in a report on Friday, August 11th. Maxim Group lifted their price objective on SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, July 31st. BidaskClub lowered SVB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Stephens reaffirmed a “buy” rating and issued a $205.00 price objective on shares of SVB Financial Group in a report on Friday, July 28th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $212.00 price objective on shares of SVB Financial Group in a report on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $202.75.
In other news, 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 sale, the insider now owns 2,872 shares of the company’s stock, valued at approximately $525,001.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Descheneaux sold 3,500 shares of SVB Financial Group stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $182.07, for a total transaction of $637,245.00. Following the sale, the insider now directly owns 14,064 shares in the company, valued at approximately $2,560,632.48. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.
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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