Time to Reconsider SVB Financial Group (SIVB) After Touching 52-Week High?

May 17, 2018 - By Robert Crowder

SVB Financial Group (NASDAQ:SIVB) Logo

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.21, from 0.98 in 2017Q3. It is positive, as 30 investors sold SVB Financial Group shares while 133 reduced holdings. 75 funds opened positions while 119 raised stakes. 45.46 million shares or 9.47% less from 50.21 million shares in 2017Q3 were reported.
Goldman Sachs Grp Incorporated, a New York-based fund reported 548,537 shares. Moreover, Trillium Asset Ltd Liability has 1.04% invested in SVB Financial Group (NASDAQ:SIVB) for 81,045 shares. Robeco Institutional Asset Bv has invested 0.03% in SVB Financial Group (NASDAQ:SIVB). Louisiana State Employees Retirement accumulated 0.14% or 13,300 shares. Boston Advsr Limited Co reported 8,665 shares. Jacobs Levy Equity Management holds 0.14% or 34,096 shares in its portfolio. Bb&T Securities Limited Liability Co holds 0% or 1,110 shares. Glob X Management Com Llc reported 0% of its portfolio in SVB Financial Group (NASDAQ:SIVB). Essex Inv Ltd Llc stated it has 0.63% of its portfolio in SVB Financial Group (NASDAQ:SIVB). Morgan Stanley holds 0.02% or 257,032 shares. 2,000 are owned by One Mngmt Ltd. Utah Retirement holds 0.05% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 9,700 shares. 34,574 were accumulated by Motley Fool Wealth Mngmt Ltd Llc. 148 were accumulated by Assetmark Inc. California Employees Retirement Sys has invested 0.04% of its portfolio in SVB Financial Group (NASDAQ:SIVB).

Since February 2, 2018, it had 0 insider buys, and 11 insider sales for $9.85 million activity. 2,314 shares valued at $738,504 were sold by Edmonds-Waters Christopher on Monday, May 14. Husain Kamran F had sold 1,500 shares worth $480,576. 4,500 SVB Financial Group (NASDAQ:SIVB) shares with value of $1.10M were sold by BECKER GREGORY W. 688 SVB Financial Group (NASDAQ:SIVB) shares with value of $209,668 were sold by Cox Philip C. Shares for $624,854 were sold by DRAPER MICHELLE on Tuesday, February 20.

The stock of SVB Financial Group (NASDAQ:SIVB) hit a new 52-week high and has $332.84 target or 3.00 % above today’s $323.15 share price. The 6 months bullish chart indicates low risk for the $17.12B company. The 1-year high was reported on May, 17 by Barchart.com. If the $332.84 price target is reached, the company will be worth $513.57M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.33% or $1.06 during the last trading session, reaching $323.15. About 566,008 shares traded. SVB Financial Group (NASDAQ:SIVB) has risen 33.86% since May 17, 2017 and is uptrending. It has outperformed by 22.31% the S&P500.

Analysts await SVB Financial Group (NASDAQ:SIVB) to report earnings on July, 26. They expect $3.86 EPS, up 66.38 % or $1.54 from last year’s $2.32 per share. SIVB’s profit will be $204.49M for 20.93 P/E if the $3.86 EPS becomes a reality. After $3.63 actual EPS reported by SVB Financial Group for the previous quarter, Wall Street now forecasts 6.34 % EPS growth.

SVB Financial Group (NASDAQ:SIVB) Ratings Coverage

Among 16 analysts covering Svb Financial Group (NASDAQ:SIVB), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Svb Financial Group had 29 analyst reports since November 28, 2017 according to SRatingsIntel. The stock of SVB Financial Group (NASDAQ:SIVB) has “Buy” rating given on Wednesday, January 10 by Maxim Group. The stock has “Buy” rating by Raymond James on Tuesday, December 5. The firm earned “Equal-Weight” rating on Friday, April 27 by Barclays Capital. The firm earned “Overweight” rating on Wednesday, January 31 by Morgan Stanley. The stock of SVB Financial Group (NASDAQ:SIVB) has “Buy” rating given on Monday, April 30 by Maxim Group. SunTrust maintained SVB Financial Group (NASDAQ:SIVB) rating on Thursday, January 25. SunTrust has “Buy” rating and $300.0 target. Jefferies maintained the shares of SIVB in report on Friday, January 26 with “Buy” rating. The firm has “Buy” rating by Stephens given on Tuesday, March 20. The stock of SVB Financial Group (NASDAQ:SIVB) has “Buy” rating given on Friday, January 26 by Sandler O’Neill. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, December 21.

More notable recent SVB Financial Group (NASDAQ:SIVB) news were published by: Nasdaq.com which released: “Mid-Day Market Update: DMC Global Surges Following Q1 Results; Biglari Holdings Shares Plummet” on April 27, 2018, also Fool.com with their article: “Here’s Why SVB Financial Group Is Soaring Today” published on April 27, 2018, Nasdaq.com published: “Mid-Morning Market Update: Markets Mixed; Phillips 66 Earnings Beat Views” on April 27, 2018. More interesting news about SVB Financial Group (NASDAQ:SIVB) were released by: Seekingalpha.com and their article: “SVB Financial’s (SIVB) CEO Greg Becker on Q1 2018 Results – Earnings Call Transcript” published on April 27, 2018 as well as Nasdaq.com‘s news article titled: “Why SVB Financial Group, Exact Sciences, and Sprint Jumped Today” with publication date: April 27, 2018.

SVB Financial Group, a diversified financial services company, provides various banking and financial services and products. The company has market cap of $17.12 billion. The Company’s Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit services and products comprising term loans, equipment loans, asset loans, revolving lines of credit, accounts-receivable lines of credit, capital call lines of credit, and credit cards; and payment and cash management services and products, including wire transfer and automated clearing house payment, bill pay, debit cards account analysis, and disbursement, as well as online and mobile banking services. It has a 35.12 P/E ratio. This segment also provides various loan and credit facilities; foreign exchange services; export, import, and standby letters of credit; investment services and solutions; investment advisory services; third party money market mutual funds and fixed-income securities; vineyard development loans and community development loans to clients in the wine industry; and equity valuation services to companies and venture capital/private equity firms, as well as invests in debt funds.

SVB Financial Group (NASDAQ:SIVB) Institutional Positions Chart

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