Barclays assumed coverage on shares of Silvergate Capital (NYSE:SI) in a report issued on Monday, Benzinga reports. The brokerage issued an overweight rating and a $19.00 price objective on the stock.
Separately, Compass Point initiated coverage on shares of Silvergate Capital in a research report on Wednesday, November 27th. They set a buy rating and a $17.50 target price on the stock.
SI stock traded down $0.33 during midday trading on Monday, reaching $15.17. The stock had a trading volume of 1,103 shares, compared to its average volume of 158,500. Silvergate Capital has a twelve month low of $12.25 and a twelve month high of $16.95.
In other Silvergate Capital news, CEO Alan J. Lane bought 20,830 shares of the stock in a transaction on Tuesday, November 12th. The stock was purchased at an average price of $15.10 per share, with a total value of $314,533.00. Also, CFO Antonio Martino bought 3,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were acquired at an average cost of $15.10 per share, with a total value of $45,300.00. Insiders purchased 48,525 shares of company stock worth $732,728 over the last 90 days.
Silvergate Capital Company Profile
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 and internationally. It offers deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts.
Further Reading: Strike Price
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