Silvergate Capital (NYSE:SI) Research Coverage Started at BTIG Research

Investment analysts at BTIG Research initiated coverage on shares of Silvergate Capital (NYSE:SIGet Rating) in a report issued on Thursday, Marketbeat Ratings reports. The firm set a “buy” rating and a $135.00 price target on the stock. BTIG Research’s price target points to a potential upside of 31.81% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. The Goldman Sachs Group decreased their price target on Silvergate Capital from $100.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, July 12th. TheStreet cut Silvergate Capital from a “c” rating to a “d+” rating in a research note on Thursday, June 30th. Morgan Stanley reduced their target price on Silvergate Capital from $88.00 to $77.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 12th. Canaccord Genuity Group increased their target price on Silvergate Capital from $164.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, April 20th. Finally, Canaccord Genuity Group increased their target price on Silvergate Capital from $164.00 to $200.00 in a research note on Wednesday, April 20th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $156.69.

Silvergate Capital Stock Down 0.3 %

NYSE SI opened at $102.42 on Thursday. The stock has a market cap of $3.24 billion, a PE ratio of 29.60, a P/E/G ratio of 0.54 and a beta of 3.09. Silvergate Capital has a fifty-two week low of $50.65 and a fifty-two week high of $239.26. The business has a 50 day moving average price of $72.43 and a two-hundred day moving average price of $100.63. The company has a quick ratio of 0.16, a current ratio of 0.23 and a debt-to-equity ratio of 0.53.

Silvergate Capital (NYSE:SIGet Rating) last released its quarterly earnings results on Tuesday, July 19th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.31. Silvergate Capital had a return on equity of 7.87% and a net margin of 45.70%. During the same period in the previous year, the firm posted $0.80 earnings per share. As a group, sell-side analysts predict that Silvergate Capital will post 5.08 EPS for the current fiscal year.

Insider Activity at Silvergate Capital

In other Silvergate Capital news, CEO Alan J. Lane sold 16,314 shares of the stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $92.46, for a total value of $1,508,392.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Silvergate Capital

Several large investors have recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in shares of Silvergate Capital in the fourth quarter worth $237,000. National Bank of Canada FI bought a new position in shares of Silvergate Capital in the fourth quarter worth $58,000. National Asset Management Inc. bought a new position in shares of Silvergate Capital in the fourth quarter worth $247,000. Qube Research & Technologies Ltd bought a new position in shares of Silvergate Capital in the fourth quarter worth $1,886,000. Finally, Calamos Advisors LLC grew its stake in shares of Silvergate Capital by 226.2% in the fourth quarter. Calamos Advisors LLC now owns 18,666 shares of the company’s stock worth $2,767,000 after purchasing an additional 12,944 shares in the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

About Silvergate Capital

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Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States. The company accepts deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts.

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Analyst Recommendations for Silvergate Capital (NYSE:SI)

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