SVB Financial Group Stock Hits New 52-Week High (SIVB)

NEW YORK ( TheStreet) -- SVB Financial Group (Nasdaq: SIVB) hit a new 52-week high Tuesday as it is currently trading at $63.42, above its previous 52-week high of $63.40 with 74,279 shares traded as of 11 a.m. ET. Average volume has been 373,000 shares over the past 30 days.

SVB Financial Group has a market cap of $2.31 billion and is part of the financial sector and banking industry. Shares are up 30.5% year to date as of the close of trading on Monday.

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 18.5, above the average banking industry P/E ratio of 15.1 and above the S&P 500 P/E ratio of 17.7.

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, expanding profit margins, good cash flow from operations, compelling growth in net income and notable return on equity. 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. You can view the full SVB Financial Group Ratings Report.

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