Silvergate Capital Co. (NYSE:SI – Get Rating) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 3,540,000 shares, a growth of 30.1% from the May 15th total of 2,720,000 shares. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is currently 3.3 days.
SI has been the subject of a number of research reports. Canaccord Genuity Group lifted their price objective on shares of Silvergate Capital from $164.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, April 20th. Wells Fargo & Company began coverage on shares of Silvergate Capital in a report on Monday. They issued an “overweight” rating and a $120.00 price objective for the company. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Silvergate Capital in a report on Wednesday, April 20th. Canaccord Genuity Group boosted their price target on shares of Silvergate Capital from $164.00 to $200.00 in a report on Wednesday, April 20th. Finally, Morgan Stanley began coverage on shares of Silvergate Capital in a report on Thursday, June 9th. They set a “hold” rating and a $88.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $181.00.
In other news, COO Kathleen Fraher sold 750 shares of the business’s stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $130.44, for a total value of $97,830.00. Following the sale, the chief operating officer now directly owns 10,847 shares of the company’s stock, valued at approximately $1,414,882.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.71% of the stock is currently owned by insiders.
SI stock opened at $61.35 on Thursday. The company has a fifty day moving average price of $96.22 and a 200 day moving average price of $121.08. Silvergate Capital has a 12 month low of $56.15 and a 12 month high of $239.26. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 0.52 and a beta of 2.61. 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:SI – Get Rating) last announced its quarterly earnings data on Tuesday, April 19th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.33. The company had revenue of $59.95 million during the quarter, compared to the consensus estimate of $54.89 million. Silvergate Capital had a net margin of 45.57% and a return on equity of 7.87%. During the same quarter in the prior year, the firm earned $0.55 EPS. As a group, analysts anticipate that Silvergate Capital will post 4.19 earnings per share for the current year.
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.
- Get a free copy of the StockNews.com research report on Silvergate Capital (SI)
- The Institutions Turn The Tide For Jabil
- Commercial Metals Company Is Ready To Rebound
- A10 Networks: Key 5G Infrastructure Stock that’s Beating the Market
- Allstate: A Safe Stock During Volatile Times, Which Will Benefit From Rising Rates
- Wix.com Stock Nearing a Bottom Wick
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.