News coverage about SVB Financial Group (NASDAQ:SIVB) has been trending positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SVB Financial Group earned a daily sentiment score of 0.33 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.3292224723459 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Take-Two, SVB Financial and Nektar Therapeutics to Join S&P 500 (wsj.com)
- BRIEF-SVB Financial Group CEO’s 2017 Total Compensation Was $6.1 Mln Vs $5.1 Mln In 2016 (reuters.com)
- [$$] Take-Two, SVB Financial and Nektar Therapeutics to Join S&P 500 (finance.yahoo.com)
- SVB Financial Group (SIVB) stock price moves 30.96% up oppose to an average of last 200 Days – The Stocks News (press release) (thestocksnews.com)
- Zacks: Brokerages Expect SVB Financial Group (SIVB) Will Announce Quarterly Sales of $539.04 Million (americanbankingnews.com)
SIVB has been the subject of several recent analyst reports. Maxim Group restated a “buy” rating and issued a $300.00 price target (up previously from $250.00) on shares of SVB Financial Group in a report on Wednesday, January 10th. ValuEngine cut SVB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stephens reaffirmed a “buy” rating on shares of SVB Financial Group in a research note on Friday, January 26th. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 price objective on the stock in a research note on Wednesday, December 27th. Finally, Barclays lifted their price objective on SVB Financial Group from $217.00 to $251.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $248.62.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.60 by ($0.41). The firm had revenue of $545.97 million during the quarter, compared to analyst estimates of $523.45 million. SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. During the same period in the prior year, the firm earned $1.89 earnings per share. equities analysts expect that SVB Financial Group will post 13.86 earnings per share for the current fiscal year.
In related news, insider Michelle Draper sold 2,510 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $248.95, for a total transaction of $624,864.50. Following the transaction, the insider now directly owns 7,879 shares of the company’s stock, valued at approximately $1,961,477.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory W. Becker sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $243.49, for a total value of $1,095,705.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,185 shares of company stock worth $2,017,574 over the last three months. 0.73% of the stock is currently owned by corporate insiders.
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.
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