NEW YORK (
SVB Financial Group
) 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
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
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