Stieven Capital Advisors buys $12,516,471 stake in SVB Financial Group (SIVB)

SVB Financial Group (SIVB) : Stieven Capital Advisors scooped up 14,100 additional shares in SVB Financial Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 122,100 shares of SVB Financial Group which is valued at $12,516,471.SVB Financial Group makes up approximately 3.29% of Stieven Capital Advisors’s portfolio.

Other Hedge Funds, Including , Fmr boosted its stake in SIVB in the latest quarter, The investment management firm added 13,300 additional shares and now holds a total of 144,350 shares of SVB Financial Group which is valued at $14,797,319. Eaton Vance Management added SIVB to its portfolio by purchasing 5,433 company shares during the most recent quarter which is valued at $563,130.First Trust Advisors Lp boosted its stake in SIVB in the latest quarter, The investment management firm added 19,656 additional shares and now holds a total of 31,601 shares of SVB Financial Group which is valued at $3,277,972. SVB Financial Group makes up approx 0.01% of First Trust Advisors Lp’s portfolio.Trillium Asset Management boosted its stake in SIVB in the latest quarter, The investment management firm added 1,277 additional shares and now holds a total of 213,826 shares of SVB Financial Group which is valued at $21,472,407. SVB Financial Group makes up approx 1.35% of Trillium Asset Management’s portfolio.

SVB Financial Group opened for trading at $106.19 and hit $106.9799 on the upside on Tuesday, eventually ending the session at $106.51, with a gain of 1.07% or 1.13 points. The heightened volatility saw the trading volume jump to 1,99,151 shares. Company has a market cap of $5,543 M.

On the company’s financial health, SVB Financial Group reported $1.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $1.71.Analysts expectations of $ 385.21.During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on SVB Financial Group. Shares were Reiterated by Maxim Group on Jul 25, 2016 to “Buy” and Lowered the Price Target to $ 150 from a previous price target of $170 .

SVB Financial Group (SVB Financial) is a diversified financial services bank holding and 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 as well as in key international entrepreneurial markets. The Company offers services in the technology life science and healthcare private equity and venture capital and premium wine industries. The Company offers commercial and private banking products and services through its principal subsidiary Silicon Valley Bank (the Bank) which is a California state-chartered bank. The Bank and its subsidiaries also offer asset management private wealth management brokerage and other investment services. SVB Private Bank provides personal financial solutions. SVB Capital focuses primarily on funds management.

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