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NEW YORK ( TheStreet) -- SVB Financial Group (Nasdaq: SIVB) hit a new 52-week high Friday as it is currently trading at $60.76, above its previous 52-week high of $60.73 with 225,921 shares traded as of 1:56 p.m. ET. Average volume has been 462,700 shares over the past 30 days. SVB Financial Group has a market cap of $2.6 billion and is part of the financial sector and banking industry. Shares are up 12.6% 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 23.2, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.