SVB Financial Group (NASDAQ:SIVB – Get Rating) Director Garen K. Staglin sold 500 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $484.41, for a total value of $242,205.00. Following the completion of the transaction, the director now directly owns 13,680 shares of the company’s stock, valued at $6,626,728.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ SIVB traded down $9.18 during mid-day trading on Thursday, reaching $476.68. 7,645 shares of the company’s stock were exchanged, compared to its average volume of 550,146. The firm has a market capitalization of $28.05 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.75 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.46 and a current ratio of 0.46. SVB Financial Group has a 52-week low of $419.60 and a 52-week high of $763.22. The company’s 50-day moving average is $491.99 and its 200-day moving average is $585.87.
SVB Financial Group (NASDAQ:SIVB – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The bank reported $7.92 earnings per share for the quarter, topping analysts’ consensus estimates of $5.37 by $2.55. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.45 billion. SVB Financial Group had a return on equity of 15.59% and a net margin of 28.80%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $10.03 EPS. As a group, equities analysts predict that SVB Financial Group will post 35.05 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in SIVB. EagleClaw Capital Managment LLC raised its position in SVB Financial Group by 0.7% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 3,371 shares of the bank’s stock valued at $2,180,000 after purchasing an additional 22 shares in the last quarter. Natixis acquired a new stake in SVB Financial Group in the 3rd quarter valued at about $3,069,000. HighTower Advisors LLC raised its position in SVB Financial Group by 1.4% in the 3rd quarter. HighTower Advisors LLC now owns 4,282 shares of the bank’s stock valued at $2,775,000 after purchasing an additional 59 shares in the last quarter. Voya Investment Management LLC raised its position in SVB Financial Group by 4.8% in the 3rd quarter. Voya Investment Management LLC now owns 23,116 shares of the bank’s stock valued at $14,953,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Veritable L.P. acquired a new stake in SVB Financial Group in the 3rd quarter valued at about $226,000. Institutional investors own 88.80% of the company’s stock.
About SVB Financial Group (Get Rating)
SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital, and SVB Securities. The Global Commercial Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.
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