SVB Financial Group (SIVB) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $1.52 earnings per share for the quarter, missing the analyst consensus estimate by $-0.19. Analysts had a consensus of $1.71. Analysts expectations of $385.21 million. During the same quarter in the previous year, the company posted $1.71 EPS.
Many Wall Street Analysts have commented on SVB Financial Group. Shares were Reiterated by Barclays on Mar 24, 2016 to “Overweight” and Lowered the Price Target to $ 130 from a previous price target of $150 .
SVB Financial Group opened for trading at $107.91 and hit $110.75 on the upside on Monday, eventually ending the session at $109.78, with a gain of 0.88% or 0.96 points. The heightened volatility saw the trading volume jump to 4,16,487 shares. Company has a market cap of $5,666 M.
In a different news, on Apr 18, 2016, John China (Head of Relationship Banking) sold 645 shares at $110.00 per share price. According to the SEC, on Feb 24, 2016, Garen K Staglin (director) purchased 3,000 shares at $88.00 per share price. On Feb 16, 2016, Mary J Miller (director) purchased 1,000 shares at $79.25 per share price, according to the Form-4 filing with the securities and exchange commission.
SVB Financial Group (SVB Financial) is a diversified financial services bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank SVB Private Bank and SVB Capital. The Company through its subsidiaries and divisions offers a range of banking and financial products and services to clients across the United States as well as in key international entrepreneurial markets. The Company offers services in the technology life science and healthcare private equity and venture capital and premium wine industries. The Company offers commercial and private banking products and services through its principal subsidiary Silicon Valley Bank (the Bank) which is a California state-chartered bank. The Bank and its subsidiaries also offer asset management private wealth management brokerage and other investment services. SVB Private Bank provides personal financial solutions. SVB Capital focuses primarily on funds management.