As Svb Finl Group (SIVB) Share Value Declined, Spindletop Capital LLC Has Lowered by $7.42 Million Its Holding

October 2, 2018 - By Richard Conner

SVB Financial Group (NASDAQ:SIVB) LogoInvestors sentiment decreased to 1.06 in 2018 Q2. Its down 0.30, from 1.36 in 2018Q1. It dived, as 19 investors sold SIVB shares while 195 reduced holdings. 93 funds opened positions while 134 raised stakes. 45.54 million shares or 1.69% less from 46.32 million shares in 2018Q1 were reported. Advisors Asset Mngmt reported 337,052 shares stake. Moreover, Samlyn Cap Ltd Company has 0.46% invested in SVB Financial Group (NASDAQ:SIVB) for 67,377 shares. Piedmont Investment Advisors Limited Liability Company holds 0.01% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 605 shares. Massmutual Communications Fsb Adv reported 2,702 shares. Douglass Winthrop invested in 804 shares. Shellback Capital LP stated it has 1.73% of its portfolio in SVB Financial Group (NASDAQ:SIVB). Endurance Wealth Mgmt Incorporated holds 0.01% or 265 shares in its portfolio. Pub Employees Retirement Association Of Colorado holds 305,818 shares or 0.57% of its portfolio. Aureus Asset Mngmt, a Massachusetts-based fund reported 73,244 shares. Van Strum And Towne Incorporated holds 3.83% or 19,157 shares in its portfolio. Moreover, Capital Fund Mngmt Sa has 0.02% invested in SVB Financial Group (NASDAQ:SIVB) for 13,072 shares. 334,480 are owned by Commercial Bank Of Montreal Can. Investors has 0.05% invested in SVB Financial Group (NASDAQ:SIVB) for 664,635 shares. Mackenzie Fin Corp holds 0.03% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 36,531 shares. D E Shaw reported 0.02% in SVB Financial Group (NASDAQ:SIVB).

Since April 4, 2018, it had 0 buys, and 11 insider sales for $7.99 million activity. Shares for $707,087 were sold by BECKER GREGORY W. Shares for $209,668 were sold by Cox Philip C. Descheneaux Michael also sold $3.41 million worth of SVB Financial Group (NASDAQ:SIVB) on Wednesday, May 2. 737 shares valued at $231,992 were sold by MITCHELL KATE on Wednesday, May 30. Another trade for 2,314 shares valued at $738,504 was made by Edmonds-Waters Christopher on Monday, May 14. $152,125 worth of SVB Financial Group (NASDAQ:SIVB) was sold by Robinson John F on Tuesday, July 10.

Spindletop Capital Llc decreased its stake in Svb Finl Group (SIVB) by 24.35% based on its latest 2018Q2 regulatory filing with the SEC. Spindletop Capital Llc sold 25,750 shares as the company’s stock declined 0.91% while stock markets rallied. The institutional investor held 80,000 shares of the major banks company at the end of 2018Q2, valued at $23.10 million, down from 105,750 at the end of the previous reported quarter. Spindletop Capital Llc who had been investing in Svb Finl Group for a number of months, seems to be less bullish one the $16.31 billion market cap company. The stock decreased 1.83% or $5.7 during the last trading session, reaching $306.5. About 365,061 shares traded. SVB Financial Group (NASDAQ:SIVB) has risen 85.36% since October 2, 2017 and is uptrending. It has outperformed by 69.74% the S&P500.

Analysts await SVB Financial Group (NASDAQ:SIVB) to report earnings on October, 25. They expect $4.44 EPS, up 59.14 % or $1.65 from last year’s $2.79 per share. SIVB’s profit will be $236.27M for 17.26 P/E if the $4.44 EPS becomes a reality. After $4.42 actual EPS reported by SVB Financial Group for the previous quarter, Wall Street now forecasts 0.45 % EPS growth.

More recent SVB Financial Group (NASDAQ:SIVB) news were published by: Nasdaq.com which released: “Silicon Valley Bank Doubles the Size of MTBC’s Credit Facility to Support Future Growth” on September 20, 2018. Also Finance.Yahoo.com published the news titled: “7 Bank Stocks to Own for the Long Haul” on September 28, 2018. Nasdaq.com‘s news article titled: “The Best-Performing Bank Stock of 2018 (So Far)” with publication date: September 12, 2018 was also an interesting one.

SVB Financial Group (NASDAQ:SIVB) Ratings Coverage

Among 9 analysts covering SVB Financial (NASDAQ:SIVB), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. SVB Financial had 15 analyst reports since April 11, 2018 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, April 27 report. JMP Securities maintained the stock with “Market Outperform” rating in Monday, April 30 report. The stock of SVB Financial Group (NASDAQ:SIVB) earned “Overweight” rating by JP Morgan on Monday, June 11. The firm earned “Overweight” rating on Friday, July 27 by JP Morgan. The rating was maintained by JMP Securities on Friday, July 27 with “Market Outperform”. The company was maintained on Tuesday, July 31 by Morgan Stanley. The company was maintained on Wednesday, April 11 by Barclays Capital. Wedbush maintained the shares of SIVB in report on Friday, April 27 with “Neutral” rating. The company was maintained on Monday, April 30 by Maxim Group. The firm earned “Neutral” rating on Friday, July 27 by Wedbush.

SVB Financial Group (NASDAQ:SIVB) Institutional Positions Chart

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