Positive News Coverage Somewhat Unlikely to Affect SVB Financial Group (SIVB) Share Price

Media stories about SVB Financial Group (NASDAQ:SIVB) have been trending positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SVB Financial Group earned a media sentiment score of 0.41 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.5465117599617 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

A number of brokerages recently issued reports on SIVB. ValuEngine cut shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. SunTrust Banks reissued a “buy” rating and set a $280.00 price target on shares of SVB Financial Group in a research report on Wednesday, January 3rd. Barclays lifted their price target on shares of SVB Financial Group from $217.00 to $251.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Wells Fargo & Co reissued an “outperform” rating and set a $280.00 price target (up from $240.00) on shares of SVB Financial Group in a research report on Tuesday. Finally, Zacks Investment Research cut shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $225.71.

Shares of SVB Financial Group (NASDAQ:SIVB) traded up $3.31 during trading on Tuesday, reaching $246.89. 299,245 shares of the company’s stock traded hands, compared to its average volume of 428,450. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $13,020.00, a PE ratio of 27.74, a PEG ratio of 1.82 and a beta of 1.62. SVB Financial Group has a twelve month low of $159.44 and a twelve month high of $249.45.

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 the consensus estimate of $2.29 by $0.50. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The business had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. During the same period in the previous year, the company earned $2.12 earnings per share. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. research analysts forecast that SVB Financial Group will post 9.64 earnings per share for the current fiscal year.

In other news, insider Gregory W. Becker sold 9,511 shares of SVB Financial Group stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $232.68, for a total value of $2,213,019.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher Edmonds-Waters sold 3,630 shares of SVB Financial Group stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total transaction of $761,791.80. Following the completion of the sale, the insider now owns 5,918 shares of the company’s stock, valued at $1,241,951.48. The disclosure for this sale can be found here. Insiders sold 20,291 shares of company stock valued at $4,558,918 over the last quarter. Company insiders own 0.73% of the company’s stock.

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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.

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

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