Q2 2022 EPS Estimates for Silvergate Capital Co. Boosted by Analyst (NYSE:SI)

Silvergate Capital Co. (NYSE:SIGet Rating) – Equities research analysts at Wedbush upped their Q2 2022 earnings estimates for shares of Silvergate Capital in a research report issued to clients and investors on Wednesday, April 20th. Wedbush analyst D. Chiaverini now anticipates that the company will post earnings of $0.86 per share for the quarter, up from their prior forecast of $0.59. Wedbush has a “Outperform” rating and a $200.00 price target on the stock. Wedbush also issued estimates for Silvergate Capital’s Q3 2022 earnings at $1.13 EPS, Q4 2022 earnings at $1.42 EPS, FY2022 earnings at $4.20 EPS, Q1 2023 earnings at $1.68 EPS, Q2 2023 earnings at $2.05 EPS, Q3 2023 earnings at $2.20 EPS, Q4 2023 earnings at $2.31 EPS, FY2023 earnings at $8.25 EPS, FY2024 earnings at $10.60 EPS and FY2025 earnings at $14.00 EPS.

Silvergate Capital (NYSE:SIGet Rating) last announced its earnings results on Tuesday, April 19th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.33. Silvergate Capital had a return on equity of 7.36% and a net margin of 44.71%. During the same period last year, the firm posted $0.55 EPS.

Several other research analysts have also weighed in on SI. Canaccord Genuity Group boosted their price target on Silvergate Capital from $164.00 to $200.00 in a research report on Wednesday. Craig Hallum boosted their target price on Silvergate Capital from $150.00 to $160.00 in a report on Wednesday. Bank of America initiated coverage on Silvergate Capital in a report on Monday, March 21st. They set a “buy” rating and a $200.00 target price on the stock. The Goldman Sachs Group decreased their target price on Silvergate Capital from $210.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Canaccord Genuity Group boosted their target price on Silvergate Capital from $164.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $199.83.

Shares of Silvergate Capital stock opened at $130.55 on Friday. The firm has a market cap of $4.13 billion, a PE ratio of 45.17, a P/E/G ratio of 0.81 and a beta of 2.46. Silvergate Capital has a 52-week low of $80.78 and a 52-week high of $239.26. The business’s 50 day simple moving average is $129.32 and its 200 day simple moving average is $146.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 0.50.

In other news, Director Karen F. Brassfield sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $113.34, for a total value of $340,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Lempres purchased 500 shares of the business’s stock in a transaction dated Friday, February 4th. The stock was bought at an average cost of $112.20 per share, with a total value of $56,100.00. The disclosure for this purchase can be found here. Company insiders own 8.50% of the company’s stock.

A number of large investors have recently bought and sold shares of SI. Riggs Asset Managment Co. Inc. lifted its stake in Silvergate Capital by 152.8% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 182 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in Silvergate Capital during the first quarter worth about $30,000. Point72 Hong Kong Ltd bought a new stake in Silvergate Capital during the third quarter worth about $27,000. Penserra Capital Management LLC bought a new stake in Silvergate Capital during the third quarter worth about $27,000. Finally, First Horizon Advisors Inc. lifted its stake in Silvergate Capital by 442.9% during the fourth quarter. First Horizon Advisors Inc. now owns 266 shares of the company’s stock worth $39,000 after purchasing an additional 217 shares during the last quarter. 83.49% of the stock is owned by institutional investors.

Silvergate Capital Company Profile (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.

Featured Stories

Earnings History and Estimates 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.