SVB Financial Group (SIVB) Receiving Positive Media Coverage, Study Shows
Media headlines about SVB Financial Group (NASDAQ:SIVB) have trended positive on Monday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty 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 daily sentiment score of 0.40 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.2421988454489 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- KRE, BYLD: Big ETF Inflows (etfchannel.com)
- SVB Financial Group (SIVB) Downgraded by ValuEngine to “Hold” (americanbankingnews.com)
- Morgan Stanley: How Bank Investors Can Play 6 Global Themes For 2018 (finance.yahoo.com)
- Is This Trump-Bump Sector Gearing Up For Another Rally? – Nasdaq (nasdaq.com)
- Why Is SVB Financial (SIVB) Up 10.9% Since the Last Earnings Report? – Yahoo Finance (finance.yahoo.com)
Shares of SVB Financial Group (SIVB) traded up $3.10 during midday trading on Monday, hitting $231.27. The company had a trading volume of 446,315 shares, compared to its average volume of 485,860. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. SVB Financial Group has a 52-week low of $159.44 and a 52-week high of $236.18. The firm has a market capitalization of $12,200.00, a P/E ratio of 25.61, a PEG ratio of 2.18 and a beta of 1.62.
SIVB has been the subject of several research analyst reports. Zacks Investment Research downgraded SVB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Barclays set a $217.00 price objective on SVB Financial Group and gave the company a “hold” rating in a report on Monday, October 30th. Wells Fargo & Company reissued an “outperform” rating and issued a $240.00 price objective (up from $215.00) on shares of SVB Financial Group in a report on Thursday, November 9th. SunTrust Banks reissued a “buy” rating and issued a $245.00 price objective on shares of SVB Financial Group in a report on Friday, November 17th. Finally, Maxim Group reissued a “buy” rating and issued a $250.00 price objective (up from $220.00) on shares of SVB Financial Group in a report on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $216.21.
In other SVB Financial Group news, insider Christopher Edmonds-Waters sold 3,630 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total value of $761,791.80. Following the completion of the transaction, the insider now owns 5,918 shares in the company, valued at $1,241,951.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc C. Cadieux sold 2,260 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $219.34, for a total value of $495,708.40. Following the completion of the transaction, the insider now owns 15,971 shares of the company’s stock, valued at approximately $3,503,079.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,780 shares of company stock valued at $1,893,878. Corporate insiders own 0.73% of the company’s stock.
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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