NEW YORK ( TheStreet) -- SVB Financial Group (Nasdaq: SIVB) hit a new 52-week high Monday as it is currently trading at $59.83, above its previous 52-week high of $59.05 with 68,441 shares traded as of 9:37 a.m. ET. Average volume has been 562,300 shares over the past 30 days.

SVB Financial Group has a market cap of $2.4 billion and is part of the financial sector and banking industry. Shares are up 6.4% year to date as of the close of trading on Thursday.

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 25.6, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 16.7.
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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 compelling growth in net income. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full SVB Financial Group Ratings Report.

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