Silvergate Capital Corporation (SI): Why analyst showing interest

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Silvergate Capital Corporation (NYSE:SI) changes shares on Thursday trading session, with a change of 0.61% or $0.09 shares. The trading starts at $14.59 and closed at $14.71 throughout the day. The trading session low price was $14.44 and day high was $14.86 on Thursday, June 18. After the session, the Financial sector daily volume shifted to 0.16 million while its average volume is 113.83K. In other hand, the SI market cap reached to $271.14M. While, its current target price is $14.80 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 8.35% and up 1.65% for month. Its quarterly performance was 62.10% above, while its half year performance is down -9.70%. SI performance fall -6.98% for year-to-date. Current recommendation for Silvergate Capital Corporation is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SI EPS (TTM) for 12-month is 1.06. EPS for this year is 12.90%, while for the next year its value is 0.90. Its EPS Q/Q reached -54.60%.

Let’s take a look on the analyst recommendations on SI for the current month and previous month. For the current month, 2 of 3 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $16.00-$19.00. Average target price for SI was reached at $17.67.

Park West Asset Management LLC, FJ Capital Management LLC and EJF Capital LLC are the top three holders in Silvergate Capital Corporation (SI) stock. On Mar 30, 2020, Park West Asset Management LLC has 1.17 million shares which valued 11.16 million. On Mar 30, 2020, FJ Capital Management LLC owned 1.01 million shares which valued at 9.68 million. On Mar 30, 2020, EJF Capital LLC has a total of 0.84 million shares which valued at 8.05 million. In the end, EJF Capital LLC have 4.59% shares outstanding of Silvergate Capital Corporation (SI) on Mar 30, 2020. The insider ownership moved to 2.70% and institutional holding shifted to 48.40%.

The company posted an EPS (TTM) of 1.06. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of 0.19. Analyst Estimated EPS for SI published in the report was 0.16-0.23 during the same period.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SI rise 4.29% for period of 200 days. SMA for 50 days was 7.67% which is showing green signal, while SMA-20 was 1.48%. The moving average value for Silvergate Capital Corporation (SI) is 14.09 and 14.54 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SI stock. On Jun 11, Reed Scott A., Director, bought 2,200 trading shares at the cost of $13.80, which valued at 30360.0. On Jun 08, Campbell Robert Charles, Director, sold 5,000 shares at the cost of $15.03, with total shares of 21,499. On Jun 05, Campbell Robert Charles, Director, sold 5,000 shares at the cost of 14.85. After this transaction, Campbell Robert Charles total shares reached to 26,499 which valued at 74254.0.