First Horizon Advisors Inc. lifted its position in shares of Silvergate Capital Co. (NYSE:SI – Get Rating) by 442.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266 shares of the company’s stock after purchasing an additional 217 shares during the quarter. First Horizon Advisors Inc.’s holdings in Silvergate Capital were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Silvergate Capital by 33.3% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 400 shares of the company’s stock worth $46,000 after buying an additional 100 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its stake in Silvergate Capital by 1.6% in the third quarter. Metropolitan Life Insurance Co NY now owns 6,387 shares of the company’s stock worth $738,000 after purchasing an additional 101 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of Silvergate Capital by 152.8% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 182 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares during the last quarter. Taylor Frigon Capital Management LLC raised its holdings in shares of Silvergate Capital by 0.6% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 22,375 shares of the company’s stock valued at $3,316,000 after buying an additional 129 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Silvergate Capital by 2.3% during the 3rd quarter. Arizona State Retirement System now owns 6,557 shares of the company’s stock worth $757,000 after acquiring an additional 148 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.
Silvergate Capital stock opened at $75.87 on Friday. The company has a 50 day moving average of $125.99 and a 200-day moving average of $141.09. The company has a quick ratio of 0.44, a current ratio of 0.50 and a debt-to-equity ratio of 0.01. Silvergate Capital Co. has a twelve month low of $56.15 and a twelve month high of $239.26. The stock has a market capitalization of $2.40 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 0.64 and a beta of 2.56.
A number of brokerages have recently issued reports on SI. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Silvergate Capital in a research report on Wednesday, April 20th. JPMorgan Chase & Co. reduced their price objective on Silvergate Capital from $300.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, January 19th. Craig Hallum lifted their target price on Silvergate Capital from $150.00 to $160.00 in a research note on Wednesday, April 20th. Bank of America started coverage on Silvergate Capital in a research report on Monday, March 21st. They set a “buy” rating and a $200.00 target price for the company. Finally, Canaccord Genuity Group raised their price target on Silvergate Capital from $164.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, April 20th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $199.83.
In other news, COO Kathleen Fraher sold 750 shares of the business’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $130.44, for a total transaction of $97,830.00. Following the transaction, the chief operating officer now directly owns 10,847 shares in the company, valued at approximately $1,414,882.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen F. Brassfield sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $113.34, for a total transaction of $340,020.00. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.
Silvergate Capital Company Profile (Get Rating)
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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