The consensus among analysts is that Silvergate Capital Corporation (SI) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 6 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.56.
Silvergate Capital Corporation (NYSE:SI) trade information
Despite being -3.75% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the SI stock price touched $120 or saw a rise of 14%. Year-to-date, Silvergate Capital Corporation shares have moved 38.88%, while the 5-day performance has seen it change -11.25%. Over the past 30 days, the shares of Silvergate Capital Corporation (NYSE:SI) have changed -28.08%. Short interest in the company has seen 1.46 Million shares shorted with days to cover at 0.98.
Wall Street analysts have a consensus price target for the stock at $165, which means that the shares’ value could jump 59.88% from current levels. The projected low price target is $135 while the price target rests at a high of $200. In that case, then, we find that the current price level is +93.8% off the targeted high while a plunge would see the stock lose 30.81% from current levels.
Silvergate Capital Corporation (SI) estimates and forecasts
Figures show that Silvergate Capital Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +362.78% over the past 6 months, with this year growth rate of 44.85%, compared to 25.6% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 93.1% and 73% for the next quarter. Revenue growth from the last financial year stood is estimated to be +67.9%.
3 analysts offering their estimates for the company have set an average revenue estimate of $36.6 Million for the current quarter. 3 have an estimated revenue figure of $40.8 Million for the next quarter concluding in September 01, 2021. Year-ago sales stood $21.49 Million and $22.89 Million respectively for this quarter and the next, and analysts expect sales will grow by 70.3% for the current quarter and 78.2% for the next.
Earnings growth for 2021 is a modest +0.5%.
Silvergate Capital Corporation (NYSE:SI)’s Major holders
Insiders own 4.56% of the company shares, while shares held by institutions stand at 44.24% with a share float percentage of 46.36%. Investors are also buoyed by the number of investors in a company, with Silvergate Capital Corporation having a total of 218 institutions that hold shares in the company. The top two institutional holders are Senvest Management LLC with over 1.21 Million shares worth more than $90.25 Million. As of December 30, 2020, Senvest Management LLC held 4.89% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 1.14 Million shares as of December 30, 2020. The firm’s total holdings are worth over $85.07 Million and represent 4.61% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Fintech Innovation ETF and SPDR (R) Ser Tr-S&P Regional Banking ETF. As of March 30, 2021, the former fund manager holds about 5.34% shares in the company for having 1325616 shares of worth $188.46 Million while later fund manager owns 761.84 Thousand shares of worth $108.31 Million as of March 30, 2021, which makes it owner of about 3.07% of company’s outstanding stock.