Silvergate Capital Corporation (NYSE:SI) has seen 12.21 million shares traded in the last trading session. The company, currently valued at $449.16M, closed the last trade at $16.03 per share which meant it gained $2.3 on the day or 16.75% during that session. The SI stock price is -914.66% off its 52-week high price of $162.65 and 32.56% above the 52-week low of $10.81. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.14 million shares traded. The 3-month trading volume is 6.10 million shares.
The consensus among analysts is that Silvergate Capital Corporation (SI) is a Hold stock at the moment, with a recommendation rating of 2.50. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 9 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.43.
Silvergate Capital Corporation (NYSE:SI) trade information
Sporting 16.75% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the SI stock price touched $16.03 or saw a rise of 5.54%. Year-to-date, Silvergate Capital Corporation shares have moved -7.87%, while the 5-day performance has seen it change 21.44%. Over the past 30 days, the shares of Silvergate Capital Corporation (NYSE:SI) have changed -5.09%. Short interest in the company has seen 3.14 million shares shorted with days to cover at 4.87.
Wall Street analysts have a consensus price target for the stock at $16.80, which means that the shares’ value could jump 4.58% from current levels. The projected low price target is $11.00 while the price target rests at a high of $25.00. In that case, then, we find that the current price level is -55.96% off the targeted high while a plunge would see the stock lose 31.38% from current levels.
Silvergate Capital Corporation (SI) estimates and forecasts
Figures show that Silvergate Capital Corporation shares have underperformed across the wider relevant industry. The company’s shares have lost -81.47% over the past 6 months, with this year growth rate of -82.93%, compared to 3.00% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 116.70% and 98.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 93.70%.
8 analysts offering their estimates for the company have set an average revenue estimate of $104.73 million for the current quarter. 7 have an estimated revenue figure of $112.6 million for the next quarter concluding in Mar 2023. Year-ago sales stood $49.26 million and $58.3 million respectively for this quarter and the next, and analysts expect sales will grow by 112.60% for the current quarter and 93.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 50.60% over the past 5 years. Earnings growth for 2023 is a modest 114.50% while over the next 5 years, the company’s earnings are expected to increase by 33.80%.
Silvergate Capital Corporation is expected to release its next earnings report between April 17 and April 21 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Silvergate Capital Corporation (NYSE:SI)’s Major holders
Insiders own 2.06% of the company shares, while shares held by institutions stand at 80.55% with a share float percentage of 82.24%. Investors are also buoyed by the number of investors in a company, with Silvergate Capital Corporation having a total of 387 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 2.91 million shares worth more than $155.86 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 9.20% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 2.27 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $121.59 million and represent 7.18% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.79% shares in the company for having 0.88 million shares of worth $47.28 million while later fund manager owns 0.76 million shares of worth $40.63 million as of Jun 29, 2022, which makes it owner of about 2.40% of company’s outstanding stock.