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Tuesday, March 21, 2023

Momentum Is Strong For SVB Financial Group (NASDAQ: SIVB)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for SVB Financial Group (SIVB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$23.14, or -21.82%, to $82.90. The SVB Financial Group has recorded 48,224 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Insulet Set to Join S&P 500.

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Stocks Info

This NASDAQ-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $58.31 and fluctuated between $177.49 as its day high and $100.00 as its day low. The current market capitalization of SVB Financial Group is $3.45B. A total of 11.49 million shares were traded on the day, compared to an average of 1.51M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SIVB has seen 12 BUY and 10 SELL insider trades, representing the acquisition of 23,455 and the disposition of 10,518 shares. Over the last 12 months, there were 78 BUYs and 90 SELLs from insiders. Insiders purchased 52,215 shares during that period but sold 25,516.

In the most recent transaction, BECKER GREGORY W sold 12,451 shares of SIVB for 287.42 per share on Feb 27. After the transaction, the President and CEO now owns 92,552 company shares. In a previous transaction on Feb 27, Beck Daniel J sold 2,000 shares at 287.59 per share. SIVB shares that Chief Financial Officer owns now total 4,207.

Among the insiders who sold shares, DRAPER MICHELLE disposed of 974 shares on Feb 01 at a per-share price of $300.69. This resulted in the Chief Marketing Officer holding 2,997 shares of SIVB after the transaction. In another insider transaction, DRAPER MICHELLE sold 165 shares at $300.00 per share on Jan 20. Company shares held by the Chief Marketing Officer now total 4,261.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SIVB in the last 3 months, the mean price target is $270.75 with high estimates of $500.00 and low estimates of $177.00. In terms of 52-week highs and lows, SIVB has a high of $597.16 and a low of $100.00.

As of this writing, SIVB has an earnings estimate of $4.69 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $5.61 per share and a lower estimate of $4.05. The company reported an EPS of $7.21 in the last quarter, which was 3.90% higher than expectations of $6.94.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SIVB is Underweight with a score of 3.65. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 12 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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