Silvergate Capital (NYSE:SI) Given New $50.00 Price Target at JPMorgan Chase & Co.

Silvergate Capital (NYSE:SIGet Rating) had its price objective decreased by JPMorgan Chase & Co. from $80.00 to $50.00 in a research note issued to investors on Monday morning, The Fly reports.

Several other equities analysts have also recently issued reports on SI. The Goldman Sachs Group decreased their target price on shares of Silvergate Capital from $64.00 to $40.00 and set a neutral rating for the company in a research note on Monday, November 14th. BTIG Research assumed coverage on shares of Silvergate Capital in a report on Thursday, August 4th. They issued a buy rating and a $135.00 price target for the company. Bank of America lowered shares of Silvergate Capital from a buy rating to a neutral rating and cut their price target for the stock from $72.00 to $37.00 in a report on Wednesday, November 9th. Wells Fargo & Company raised shares of Silvergate Capital from an underweight rating to an equal weight rating and boosted their price target for the stock from $25.00 to $30.00 in a report on Monday. Finally, Craig Hallum cut their price target on shares of Silvergate Capital from $160.00 to $100.00 and set a buy rating for the company in a report on Wednesday, October 19th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $90.45.

Silvergate Capital Trading Down 2.5 %

NYSE SI opened at $24.27 on Monday. The company’s 50-day simple moving average is $60.67 and its two-hundred day simple moving average is $72.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.18 and a current ratio of 0.25. Silvergate Capital has a one year low of $23.20 and a one year high of $239.26. The company has a market capitalization of $768.36 million, a price-to-earnings ratio of 6.29, a price-to-earnings-growth ratio of 0.16 and a beta of 2.71.

Silvergate Capital (NYSE:SIGet Rating) last released its earnings results on Tuesday, October 18th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.17). Silvergate Capital had a return on equity of 8.85% and a net margin of 45.10%. The company had revenue of $89.34 million during the quarter, compared to analyst estimates of $100.34 million. During the same quarter last year, the business earned $0.88 earnings per share. Equities analysts forecast that Silvergate Capital will post 4.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Silvergate Capital

A number of hedge funds have recently modified their holdings of SI. CI Investments Inc. acquired a new position in Silvergate Capital in the second quarter valued at about $26,000. Money Concepts Capital Corp lifted its position in Silvergate Capital by 1,948.0% in the second quarter. Money Concepts Capital Corp now owns 512 shares of the company’s stock valued at $27,000 after buying an additional 487 shares during the last quarter. Antonetti Capital Management LLC acquired a new position in Silvergate Capital in the second quarter valued at about $27,000. Newbridge Financial Services Group Inc. lifted its position in Silvergate Capital by 155.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 575 shares of the company’s stock valued at $31,000 after buying an additional 350 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its position in shares of Silvergate Capital by 45.1% during the second quarter. Prospera Financial Services Inc now owns 676 shares of the company’s stock worth $36,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 77.65% of the company’s stock.

Silvergate Capital Company 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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