Insider Selling: SVB Financial Group (NASDAQ:SIVB) Insider Sells 1,000 Shares of Stock

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SVB Financial Group (NASDAQ:SIVB) insider John China sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $232.62, for a total transaction of $232,620.00. Following the sale, the insider now directly owns 19,347 shares of the company’s stock, valued at $4,500,499.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

SIVB stock traded up $4.88 during midday trading on Wednesday, reaching $230.15. 271,854 shares of the company’s stock traded hands, compared to its average volume of 497,591. The company has a market cap of $11.95 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.36 and a beta of 2.19. The firm’s fifty day moving average price is $225.86 and its 200-day moving average price is $214.96. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.12. SVB Financial Group has a 52 week low of $177.70 and a 52 week high of $259.95.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $5.15 EPS for the quarter, beating the Zacks’ consensus estimate of $4.99 by $0.16. The business had revenue of $814.65 million during the quarter, compared to analyst estimates of $805.27 million. SVB Financial Group had a net margin of 33.95% and a return on equity of 20.38%. SVB Financial Group’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.10 EPS. Analysts forecast that SVB Financial Group will post 21.24 earnings per share for the current year.

A number of equities research analysts recently weighed in on SIVB shares. Royal Bank of Canada set a $265.00 price target on shares of SVB Financial Group and gave the stock a “buy” rating in a research note on Friday, October 25th. Morgan Stanley lowered their target price on shares of SVB Financial Group from $280.00 to $265.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Co lowered their target price on shares of SVB Financial Group from $240.00 to $225.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. SunTrust Banks set a $250.00 target price on shares of SVB Financial Group and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, BidaskClub downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $260.38.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of SVB Financial Group by 3,733.3% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 115 shares of the bank’s stock worth $25,000 after buying an additional 112 shares during the last quarter. Griffin Asset Management Inc. purchased a new position in shares of SVB Financial Group in the 2nd quarter worth about $28,000. Pearl River Capital LLC purchased a new position in shares of SVB Financial Group in the 2nd quarter worth about $30,000. Bray Capital Advisors purchased a new position in shares of SVB Financial Group in the 3rd quarter worth about $31,000. Finally, NEXT Financial Group Inc purchased a new stake in SVB Financial Group during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 91.91% of the company’s stock.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.

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

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