News articles about SVB Financial Group (NASDAQ:SIVB) have trended positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. SVB Financial Group earned a news impact score of 0.42 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.7298314020057 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- SVB Financial (SIVB) Ratings & Outlook Affirmed by Moody’s – Nasdaq (nasdaq.com)
- 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)
Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of SVB Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $308.00 price objective on shares of SVB Financial Group in a report on Tuesday, February 27th. Zacks Investment Research downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Morgan Stanley upped their price target on shares of SVB Financial Group from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Barclays reissued a “hold” rating and issued a $273.00 price target on shares of SVB Financial Group in a report on Sunday, January 28th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $248.62.
SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.41). The business 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 quarter in the prior year, the company earned $1.89 EPS. sell-side analysts forecast 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 stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $248.95, for a total value of $624,864.50. Following the transaction, the insider now owns 7,879 shares in the company, valued at $1,961,477.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory W. Becker sold 4,500 shares of the 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 sold a total of 8,185 shares of company stock worth $2,017,574 in the last quarter. 0.74% of the stock is owned by corporate insiders.
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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.
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