Traders are a little more bearish on shares of the company if you watch the change in short interest. The firm saw a rise in short interest of 12.62% as of the latest report on August 15, 2017. Short shares grew 150,850 over that period. The short-interest ratio increased to 3.0 and the short interest percentage is 0.03% as of August 15.
There has been some selling insider activity on SVB Financial Group (NASDAQ:SIVB) recently. Michael Descheneaux, President, Silicon Valley Bank sold $637,245 worth of shares at an average price of $182.07 on Wed the 2nd. Descheneaux now owns $2,560,632 of stock as reported to the SEC. Philip C. Cox, Head EMEA India & President,UK disclosed the sale of 3,024 shares. The shares were purchased at an average price of $182.81. Cox now owns $624,113 of the stock according to the SEC filing.
A few notable investment firms have updated their holdings. As of quarter end Janus Capital Management LLC had bought a total of 132,707 shares growing its position 15.7%. The value of the investment in SVB Financial Group went from $144,937,000 to $181,816,000 a change of 25.4% since the last quarter. Spindletop Capital, LLC cut its position by shedding 2,850 shares a decrease of 2.7% as of 06/30/2017. Spindletop Capital, LLC now holds 102,400 shares worth $18,001,000. The total value of its holdings decreased 8.1%.
Ironbridge Capital Management Lp downsized its stake by selling 103,666 shares a decrease of 72.7% from 12/31/2016 to 03/31/2017. Ironbridge Capital Management Lp owns 38,917 shares with a value of $7,242,000. The value of the position overall is down by 70.4%. As of the end of the quarter Otter Creek Advisors, LLC had acquired 7,000 shares growing its stake by 21.2%. The value of the investment in SIVB increased from $6,141,000 to $7,032,000 increasing 14.5% quarter to quarter.
Wedbush issued its first research report on the stock by announcing an initial rating of “Neutral”.
The company is now up from yesterday’s close of 160.72. Shares of the company are trading at $162.46 slightly below the 50 day moving average of $173.61 and which is slightly below the 200 day moving average of $179.87. The 50 day moving average went down by -6.42% and the 200 day average went down $-17.41 or -9.68%.
SVB Financial Group currently has a P/E ratio of 19.74 and market capitalization is 8.56B. As of the last earnings report the EPS was $8.23 and is projected to be $8.99 for the current year with 52,693,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $2.45 and the next full year EPS is projected to be $11.00.
SVB Financial Group (SVB Financial), launched on March 22, 1999, is a diversified financial services company, as well as a bank holding and a financial holding company. The Company operates through three segments: Global Commercial Bank, SVB Private Bank and SVB Capital. The Company, through its subsidiaries and divisions, offers a range of banking and financial products and services to clients across the United States. The Company offers services in the technology, life science/healthcare, private equity/venture capital and wine industries..