SVB Financial Group (SIVB) Insider Christopher Edmonds-Waters Sells 204 Shares

SVB Financial Group (NASDAQ:SIVB) insider Christopher Edmonds-Waters sold 204 shares of SVB Financial Group stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $256.01, for a total value of $52,226.04. Following the transaction, the insider now owns 3,494 shares of the company’s stock, valued at approximately $894,498.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Christopher Edmonds-Waters also recently made the following trade(s):

  • On Wednesday, May 1st, Christopher Edmonds-Waters sold 590 shares of SVB Financial Group stock. The shares were sold at an average price of $251.10, for a total value of $148,149.00.
  • On Thursday, February 14th, Christopher Edmonds-Waters sold 3,669 shares of SVB Financial Group stock. The shares were sold at an average price of $242.39, for a total value of $889,328.91.

SIVB stock traded down $10.24 during trading on Friday, hitting $201.40. The stock had a trading volume of 612,405 shares, compared to its average volume of 494,154. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.13. SVB Financial Group has a twelve month low of $177.70 and a twelve month high of $333.74. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.43 and a beta of 2.03.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $5.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.73 by $0.71. The company had revenue of $793.26 million for the quarter, compared to analysts’ expectations of $744.49 million. SVB Financial Group had a return on equity of 20.83% and a net margin of 36.09%. During the same period in the previous year, the firm posted $3.63 EPS. As a group, equities analysts forecast that SVB Financial Group will post 20.37 EPS for the current fiscal year.

Several equities analysts recently weighed in on SIVB shares. Maxim Group cut their price target on SVB Financial Group to $325.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Bank of America set a $280.00 price target on SVB Financial Group and gave the company a “buy” rating in a research note on Tuesday, March 5th. ValuEngine upgraded SVB Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. BidaskClub upgraded SVB Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. Finally, FIG Partners lowered SVB Financial Group from an “outperform” rating to a “market perform” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $309.49.

Several institutional investors have recently modified their holdings of the company. Allstate Corp purchased a new stake in SVB Financial Group in the first quarter valued at approximately $204,000. Nordea Investment Management AB raised its position in SVB Financial Group by 1.7% in the first quarter. Nordea Investment Management AB now owns 3,250 shares of the bank’s stock valued at $723,000 after purchasing an additional 54 shares during the period. Gilder Gagnon Howe & Co. LLC raised its position in SVB Financial Group by 104.1% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 61,975 shares of the bank’s stock valued at $13,781,000 after purchasing an additional 31,603 shares during the period. Cleararc Capital Inc. purchased a new stake in SVB Financial Group in the first quarter valued at approximately $281,000. Finally, BTC Capital Management Inc. raised its position in SVB Financial Group by 10.6% in the first quarter. BTC Capital Management Inc. now owns 12,086 shares of the bank’s stock valued at $2,683,000 after purchasing an additional 1,155 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.

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SVB Financial Group Company Profile

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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