November 30, 2016 - By Hazel Jackson · 0 Comments
SVB Financial Group (NASDAQ:SIVB) institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.08, from 1.07 in 2016Q1. The ratio is more positive, as 161 funds started new and increased equity positions, while 150 sold and trimmed equity positions in SVB Financial Group. The funds in our partner’s database now possess: 47.12 million shares, down from 47.89 million shares in 2016Q1. Also, the number of funds holding SVB Financial Group in their top 10 equity positions decreased from 6 to 3 for a decrease of 3. Sold All: 45 Reduced: 105 Increased: 123 New Position: 38.
SVB Financial Group is a diversified financial services, bank holding and financial holding company. The company has a market cap of $8.25 billion. The Firm operates through three divisions: Global Commercial Bank, SVB Private Bank and SVB Capital. It has a 22.16 P/E ratio. The Global Commercial Bank segment consists of the activities of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.
About 5,530 shares traded hands. SVB Financial Group (NASDAQ:SIVB) has risen 46.21% since April 27, 2016 and is uptrending. It has outperformed by 40.99% the S&P500.
Analysts await SVB Financial Group (NASDAQ:SIVB) to report earnings on January, 19. They expect $1.75 EPS, up 4.17% or $0.07 from last year’s $1.68 per share. SIVB’s profit will be $91.74M for 22.48 P/E if the $1.75 EPS becomes a reality. After $2.12 actual EPS reported by SVB Financial Group for the previous quarter, Wall Street now forecasts -17.45% negative EPS growth.
According to Zacks Investment Research, “SVB Financial Group is an international financial services holding company serving the technology, life science, private equity and premium wine industries primarily through the following subsidiaries: Silicon Valley Bank, SVB Capital, SVB Global Financial Services, SVB Alliant, SVB Securities, SVB Asset Management, SVB India Advisors, SVB Europe Advisors.”
Stieven Capital Advisors L.P. holds 3.24% of its portfolio in SVB Financial Group for 122,100 shares. Davis Capital Partners Llc owns 190,000 shares or 3.13% of their US portfolio. Moreover, Basswood Capital Management L.L.C. has 2.44% invested in the company for 442,682 shares. The Delaware-based Ashford Capital Management Inc has invested 2.18% in the stock. Harding Loevner Lp, a New Jersey-based fund reported 2.88 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 8 insider sales for $2.76 million net activity.
Ratings analysis reveals 75% of SVB Financial Group’s analysts are positive. Out of 8 Wall Street analysts rating SVB Financial Group, 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $125 while the high is $166. The stock’s average target of $142 is -9.77% below today’s ($157.37) share price. SIVB was included in 17 notes of analysts from July 29, 2015. The stock of SVB Financial Group (NASDAQ:SIVB) has “Hold” rating given on Monday, August 31 by Zacks. As per Friday, July 22, the company rating was downgraded by DA Davidson. The firm has “Outperform” rating given on Friday, January 22 by RBC Capital Markets. The firm has “Mkt Outperform” rating given on Friday, September 16 by JMP Securities. RBC Capital Markets maintained SVB Financial Group (NASDAQ:SIVB) on Thursday, November 10 with “Outperform” rating. Barclays Capital maintained the stock with “Overweight” rating in Thursday, March 24 report. On Friday, October 23 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of SVB Financial Group (NASDAQ:SIVB) earned “Outperform” rating by Wood on Friday, May 27. Barclays Capital maintained the stock with “Overweight” rating in Friday, October 9 report. The firm earned “Overweight” rating on Friday, January 22 by Piper Jaffray.
SVB Financial Group (SVB Financial), incorporated on March 22, 1999, is a diversified financial services, bank holding and financial holding company. The Firm operates through three divisions: Global Commercial Bank, SVB Private Bank and SVB Capital. The Company, through its subsidiaries and divisions, offers a range of banking and financial services and products to clients across the United States, as well as in international entrepreneurial markets. The Firm offers services in the technology, life science/healthcare, private equity/venture capital and wine industries.
More notable recent SVB Financial Group (NASDAQ:SIVB) news were published by: Fool.com which released: “SVB Financial Group Deposits a Positive Third Quarter” on October 24, 2016, also Nasdaq.com with their article: “SVB Financial Group Reaches Analyst Target Price” published on November 11, 2016, Fool.com published: “Why SVB Financial Group Shares Jumped 11% in August” on September 15, 2016. More interesting news about SVB Financial Group (NASDAQ:SIVB) were released by: Fool.com and their article: “Why SVB Financial Group Dropped 10% on Friday” published on June 27, 2016 as well as Seekingalpha.com‘s news article titled: “SVB Financial Group: A Secular Growth Bank” with publication date: October 12, 2016.
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By Hazel Jackson