Silvergate Capital (NYSE:SI) Given New $36.00 Price Target at Craig Hallum

Silvergate Capital (NYSE:SIGet Rating) had its price objective lowered by Craig Hallum from $100.00 to $36.00 in a report released on Monday morning, The Fly reports.

Several other equities research analysts also recently commented on SI. Morgan Stanley reduced their price target on shares of Silvergate Capital from $77.00 to $37.00 and set an equal weight rating for the company in a research report on Wednesday, November 16th. Bank of America lowered shares of Silvergate Capital from a buy rating to a neutral rating and dropped their price target for the stock from $72.00 to $37.00 in a research note on Wednesday, November 9th. JPMorgan Chase & Co. lowered their target price on shares of Silvergate Capital from $80.00 to $50.00 and set an overweight rating on the stock in a research note on Monday. Wells Fargo & Company upgraded shares of Silvergate Capital from an underweight rating to an equal weight rating and raised their target price for the company from $25.00 to $30.00 in a research note on Monday. Finally, TheStreet upgraded shares of Silvergate Capital from a d+ rating to a c rating in a research report on Monday, November 7th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $82.82.

Silvergate Capital Trading Up 11.5 %

Silvergate Capital stock opened at $28.15 on Monday. The firm has a 50 day simple moving average of $58.18 and a 200-day simple moving average of $72.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.25 and a quick ratio of 0.18. The stock has a market capitalization of $891.23 million, a PE ratio of 7.29, a price-to-earnings-growth ratio of 0.18 and a beta of 2.71. Silvergate Capital has a 12-month low of $23.20 and a 12-month high of $232.00.

Silvergate Capital (NYSE:SIGet Rating) last released its earnings results on Tuesday, October 18th. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.17). Silvergate Capital had a net margin of 45.10% and a return on equity of 8.85%. The business had revenue of $89.34 million for the quarter, compared to analyst estimates of $100.34 million. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, equities research analysts expect that Silvergate Capital will post 4.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in Silvergate Capital by 1,196.3% in the first quarter. Signaturefd LLC now owns 350 shares of the company’s stock valued at $53,000 after buying an additional 323 shares in the last quarter. Prospera Financial Services Inc bought a new stake in shares of Silvergate Capital in the first quarter worth $70,000. CI Investments Inc. bought a new stake in shares of Silvergate Capital in the second quarter worth $26,000. Antonetti Capital Management LLC bought a new stake in shares of Silvergate Capital in the second quarter worth $27,000. Finally, Money Concepts Capital Corp lifted its position in shares of Silvergate Capital by 1,948.0% in the second quarter. Money Concepts Capital Corp now owns 512 shares of the company’s stock worth $27,000 after purchasing an additional 487 shares in the last quarter. Institutional investors own 77.65% of the company’s stock.

About Silvergate Capital

(Get Rating)

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.

Recommended Stories

The Fly logo

Analyst Recommendations for Silvergate Capital (NYSE:SI)

Receive News & Ratings for Silvergate Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvergate Capital and related companies with MarketBeat.com's FREE daily email newsletter.