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SVB Financial Group (SIVB): Today's Featured Banking Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

SVB Financial Group (SIVB) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.2%. By the end of trading, SVB Financial Group fell $1.29 (-1.2%) to $106.69 on average volume. Throughout the day, 582,014 shares of SVB Financial Group exchanged hands as compared to its average daily volume of 388,300 shares. The stock ranged in price between $105.30-$108.28 after having opened the day at $107.83 as compared to the previous trading day's close of $107.98. Other companies within the Banking industry that declined today were: Community Bank Shares of Indiana (CBIN), down 7.3%, Royal Bancshares of Pennsylvania (RBPAA), down 7.1%, Carolina Bank Holdings (CLBH), down 4.9% and United Security (USBI), down 3.4%.

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. It operates in three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. SVB Financial Group has a market cap of $5.0 billion and is part of the financial sector. The company has a P/E ratio of 27.2, above the S&P 500 P/E ratio of 17.7. Shares are up 3.0% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate SVB Financial Group a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates SVB Financial Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the positive front, BBX Capital (BBX), up 9.0%, Bbva Banco FrancesS.A (BFR), up 4.5%, Village Bank and Trust Financial (VBFC), up 4.5% and Atlantic Coast Financial (ACFC), up 4.4% , were all gainers within the banking industry with Credicorp (BAP) being today's featured banking industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF (KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng (KRS).

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