Silvergate Capital Co. (NYSE:SI) Given Consensus Rating of “Buy” by Brokerages

Silvergate Capital Co. (NYSE:SIGet Rating) has been assigned an average recommendation of “Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $199.83.

A number of analysts have recently commented on SI shares. Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of Silvergate Capital in a report on Wednesday, April 20th. Canaccord Genuity Group upped their target price on Silvergate Capital from $164.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, April 20th. Craig Hallum upped their target price on Silvergate Capital from $150.00 to $160.00 in a report on Wednesday, April 20th. Canaccord Genuity Group upped their target price on Silvergate Capital from $164.00 to $200.00 in a report on Wednesday, April 20th. Finally, The Goldman Sachs Group dropped 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, April 20th.

Shares of Silvergate Capital stock opened at $70.39 on Friday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 0.55 and a beta of 2.56. The stock’s 50-day moving average is $121.24 and its 200-day moving average is $137.69. Silvergate Capital has a one year low of $56.15 and a one year high of $239.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.16.

Silvergate Capital (NYSE:SIGet Rating) last issued its quarterly earnings results on Tuesday, April 19th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.33. The company had revenue of $59.95 million for the quarter, compared to analyst estimates of $54.89 million. Silvergate Capital had a return on equity of 7.31% and a net margin of 45.57%. During the same period in the previous year, the company posted $0.55 earnings per share. On average, equities analysts expect that Silvergate Capital will post 3.94 EPS for the current year.

In other news, COO Kathleen Fraher sold 750 shares of the company’s stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $130.44, for a total value of $97,830.00. Following the transaction, the chief operating officer now owns 10,847 shares of the company’s stock, valued at $1,414,882.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen F. Brassfield sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $113.34, for a total value of $340,020.00. The disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Sigma Planning Corp grew its position in Silvergate Capital by 1.9% during the first quarter. Sigma Planning Corp now owns 5,087 shares of the company’s stock worth $766,000 after buying an additional 93 shares in the last quarter. Pictet Asset Management SA grew its position in Silvergate Capital by 5.3% during the fourth quarter. Pictet Asset Management SA now owns 1,877 shares of the company’s stock worth $278,000 after buying an additional 94 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in Silvergate Capital by 33.3% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 400 shares of the company’s stock worth $46,000 after buying an additional 100 shares in the last quarter. Metropolitan Life Insurance Co NY grew its position in Silvergate Capital by 1.6% during the third quarter. Metropolitan Life Insurance Co NY now owns 6,387 shares of the company’s stock worth $738,000 after buying an additional 101 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its position 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 buying an additional 110 shares in the last quarter. 71.79% of the stock is currently 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.

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Analyst Recommendations for Silvergate Capital (NYSE:SI)

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