SVB Financial Group (SIVB) Short Interest Update

SVB Financial Group (NASDAQ:SIVB) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 867,268 shares, a decrease of 29.9% from the October 31st total of 1,237,404 shares. Based on an average trading volume of 423,213 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.7% of the company’s shares are short sold.

In other news, insider Marc C. Cadieux sold 2,260 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $219.34, for a total value of $495,708.40. Following the completion of the sale, the insider now directly owns 15,971 shares of the company’s stock, valued at approximately $3,503,079.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Edmonds-Waters sold 3,630 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $209.86, for a total value of $761,791.80. Following the completion of the sale, the insider now directly owns 5,918 shares of the company’s stock, valued at $1,241,951.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,780 shares of company stock valued at $1,893,878. 0.73% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BDO Wealth Advisors LLC bought a new stake in SVB Financial Group during the 2nd quarter worth approximately $109,000. Peddock Capital Advisors LLC bought a new position in shares of SVB Financial Group during the 2nd quarter worth approximately $130,000. Global X Management Co. LLC grew its stake in shares of SVB Financial Group by 58.6% during the 2nd quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock worth $137,000 after acquiring an additional 289 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of SVB Financial Group by 525.6% during the 2nd quarter. Toronto Dominion Bank now owns 782 shares of the bank’s stock worth $137,000 after acquiring an additional 657 shares in the last quarter. Finally, Tredje AP fonden bought a new position in shares of SVB Financial Group during the 2nd quarter worth approximately $144,000. 97.79% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. ValuEngine cut SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $247.00 price target for the company in a research note on Tuesday, October 31st. Barclays set a $217.00 price target on SVB Financial Group and gave the company a “hold” rating in a research note on Monday, October 30th. Maxim Group reaffirmed a “buy” rating and issued a $250.00 price target (up from $220.00) on shares of SVB Financial Group in a research note on Monday, October 30th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $245.00 price target on shares of SVB Financial Group in a research note on Friday, November 17th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $216.21.

Shares of SVB Financial Group (SIVB) opened at $228.17 on Friday. SVB Financial Group has a 52 week low of $158.24 and a 52 week high of $233.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $12,005.90, a P/E ratio of 25.55, a P/E/G ratio of 2.18 and a beta of 1.62.

SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.50. SVB Financial Group had a return on equity of 11.88% and a net margin of 25.07%. The business had revenue of $533.40 million during the quarter, compared to analysts’ expectations of $490.56 million. During the same period in the prior year, the business earned $2.12 EPS. SVB Financial Group’s revenue for the quarter was up 23.0% compared to the same quarter last year. analysts anticipate that SVB Financial Group will post 9.5 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “SVB Financial Group (SIVB) Short Interest Update” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.com-unik.info/2017/12/03/svb-financial-group-sivb-short-interest-update.html.

SVB Financial Group Company Profile

SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.

What are top analysts saying about SVB Financial Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for SVB Financial Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit