5 Best Financial Services and Bank Stocks to Buy According to Daniel Johnson’s Gillson Capital

In this article, we will discuss the 5 best financial services and bank stocks to buy according to Daniel Johnson’s Gillson Capital based on Q2 2021 holdings of the fund. If you want to read our detailed analysis of Daniel Johnson’s history, investment philosophy, and hedge fund performance, go directly to the 10 Best Financial Services and Bank Stocks to Buy According to Daniel Johnson’s Gillson Capital.

5. SVB Financial Group (NASDAQ:SIVB)

Gillson Capital’s Stake Value: $18.471 million

Percentage of Gillson Capital’s 13F Portfolio: 1.72%

Number of Hedge Fund Holders: 49

On August 10, SVB Financial Group (NASDAQ: SIVB) offered its public offering of 2.2 million shares at a price of $564 per share. The proceeds from the offering are to go towards corporate purposes and supporting capital ratios at both SVB Financial Group (NASDAQ: SIVB) and Silicon Valley Bank.

The hedge fund managed by Daniel Johnson holds close to 33,195 shares in SVB Financial Group (NASDAQ: SIVB) that are worth over $18 million. The hedge fund sentiment of SVB Financial Group (NASDAQ: SIVB) has increased. 49 funds tracked by Insider Monkey held stakes in the company by the end of the second quarter of 2021.

Artisan Partners, a high value-added investment management firm, published its ‘Artisan Mid Cap Fund’ first quarter 2021 investor letter in which it mentioned SVB Financial Group (NASDAQ: SIVB). Here is what the letter said:

“Among our top contributors was SVB Financial. SVB Financial Group is a leading provider of banking services to the innovation economy across the US and in key international markets. Headquartered in Silicon Valley, SVB offers financial products to clients in technology, life science/health care, and private equity/venture capital. Total client funds increased 51% to $243 billion in 2020—one of the company’s strongest years—as investors seek differentiated returns in innovative private companies. SVB’s high level of client service and long experience in the industry give it not only a historical data and knowledge advantage but also a reputational edge. We believe this enables the company to quickly bring products to market and make speedy underwriting decisions. Given SVB’s strong profit growth comes at a time when net interest margins are depressed, we believe shares are priced attractively and added to our position.”