NEW YORK (

TheStreet

) --

SVB Financial Group

(Nasdaq:

SIVB

) hit a new 52-week high Monday as it traded at $56.99 compared with its previous 52-Week high of $56.68. SVB Financial Group is changing hands at $56.78 with 40,203 shares traded as of 9:32 a.m. ET. Average volume has been 556,200 shares over the past 30 days.

SVB Financial Group has a market cap of $2.3 billion and is part of the

financial

sector and

banking

industry. Shares are up 3.3% year to date as of the close of trading on Friday.

SVB Financial Group, a diversified financial services company, operates as the bank and financial holding company that provides commercial banking and financial products and services. The company has a P/E ratio of 24.2, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates SVB Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, premium valuation and weak operating cash flow. You can view the full

SVB Financial Group Ratings Report

.

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