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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.