Shares of Silvergate Capital Co. (NYSE:SI – Get Rating) have earned a consensus rating of “Hold” from the twelve ratings firms that currently cover the company, Marketbeat Ratings reports. Two research analysts rated the stock with a sell rating, five gave the company a hold rating and three gave the company a buy rating. The 1-year average price target among analysts who have covered the stock over the past year is $36.78.

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Several equity research analysts have recently commented on the stock. Craig Hallum downgraded shares of Silvergate Capital from a “buy” rating to a “hold” rating and lowered their price target for the stock from $36.00 to $14.00 in a Friday research report January 6. Keefe, Bruyette & Woods cut their price target on Silvergate Capital shares from $58.00 to $38.00 in a Tuesday, January 3 research report. Canaccord Genuity Group lowered its price target on Silvergate Capital shares from $150.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, January 6. BTIG Research cut its price target on Silvergate Capital shares from $51.00 to $21.00 and placed a “buy” rating on the stock in a Thursday, January 5 report. Finally, Goldman Sachs Group cut its price target on Silvergate Capital shares from $64.00 to $40.00 and set a “neutral” rating on the stock in a Monday, November 14 report.

Performance of Silvergate Capital shares

NYSE:SI opened at $14.46 on Thursday. The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt ratio of 0.54. Silvergate Capital has a fifty-two week low of $10.81 and a fifty-two week high of $162.65. The stock has a market capitalization of $457.79 million, a PE ratio of -0.48, a growth price-earnings ratio of 0.90 and a beta of 2.58. The company’s fifty-day simple moving average is $19.31 and its 200-day simple moving average is $56.45.

Hedge funds weigh on Silvergate Capital

Institutional investors and hedge funds have recently increased or reduced their stake in the company. CI Investments Inc. acquired a new position in Silvergate Capital in Q2 worth approximately $26,000. Money Concepts Capital Corp increased its equity stake in Silvergate Capital by 1,948.0% in Q2. Money Concepts Capital Corp now owns 512 shares of the company valued at $27,000 after buying 487 additional shares in the last quarter. Antonetti Capital Management LLC acquired a new equity stake from Silvergate Capital in Q2 valued at approximately $27,000. Prospera Financial Services Inc increased its stake in shares of Silvergate Capital by 45.1% in the 2nd quarter. Prospera Financial Services Inc now owns 676 shares of the company valued at $36,000 after purchasing an additional 210 shares in the last quarter. Finally, Castle Wealth Management LLC acquired a new equity stake from Silvergate Capital in Q2 valued at approximately $38,000. 94.41% of the shares are held by hedge funds and other institutional investors.

Silvergate Capital Company Profile

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Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank which provides corporate and personal banking products and services in the United States. The Company accepts deposit products, including interest-bearing and non-interest-bearing current 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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