Steward Partners Investment Advisory LLC Acquires 390 Shares of Silvergate Capital Co. (NYSE:SI)

Steward Partners Investment Advisory LLC boosted its holdings in shares of Silvergate Capital Co. (NYSE:SIGet Rating) by 60.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,030 shares of the company’s stock after purchasing an additional 390 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Silvergate Capital were worth $55,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC raised its holdings in Silvergate Capital by 21.0% in the 1st quarter. Kestra Advisory Services LLC now owns 9,745 shares of the company’s stock valued at $1,467,000 after acquiring an additional 1,690 shares in the last quarter. TownSquare Capital LLC raised its holdings in Silvergate Capital by 63.7% in the 1st quarter. TownSquare Capital LLC now owns 2,762 shares of the company’s stock valued at $416,000 after acquiring an additional 1,075 shares in the last quarter. Parallel Advisors LLC raised its holdings in Silvergate Capital by 2,350.0% in the 1st quarter. Parallel Advisors LLC now owns 343 shares of the company’s stock valued at $52,000 after acquiring an additional 329 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Silvergate Capital by 270.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 741 shares of the company’s stock worth $112,000 after buying an additional 541 shares in the last quarter. Finally, Yorktown Management & Research Co Inc raised its holdings in shares of Silvergate Capital by 28.7% in the 1st quarter. Yorktown Management & Research Co Inc now owns 2,014 shares of the company’s stock worth $303,000 after buying an additional 449 shares in the last quarter. Institutional investors own 77.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SI shares. Canaccord Genuity Group dropped their target price on Silvergate Capital from $200.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Craig Hallum dropped their target price on Silvergate Capital from $160.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Bank of America cut Silvergate Capital from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $72.00 to $37.00 in a report on Wednesday. Wedbush dropped their price target on Silvergate Capital from $120.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 19th. Finally, TheStreet raised Silvergate Capital from a “d+” rating to a “c” rating in a report on Monday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.64.

Silvergate Capital Stock Up 5.3 %

Shares of SI opened at $34.42 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.20 and a beta of 2.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.19 and a current ratio of 0.25. The business’s fifty day moving average price is $68.01 and its two-hundred day moving average price is $77.21. Silvergate Capital Co. has a 52 week low of $26.77 and a 52 week high of $239.26.

Silvergate Capital (NYSE:SIGet Rating) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.11). Silvergate Capital had a net margin of 45.10% and a return on equity of 8.85%. During the same period in the prior year, the business earned $0.88 earnings per share. On average, analysts predict that Silvergate Capital Co. will post 4.61 earnings per share for the current year.

Silvergate Capital Profile

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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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Institutional Ownership by Quarter for Silvergate Capital (NYSE:SI)

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