Silvergate Capital (NYSE:SI) Receives New Coverage from Analysts at Keefe, Bruyette & Woods

Equities research analysts at Keefe, Bruyette & Woods initiated coverage on shares of Silvergate Capital (NYSE:SI) in a note issued to investors on Monday, Marketbeat.com reports. The brokerage set a “market perform” rating and a $17.00 price target on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 10.10% from the company’s current price.

SI has been the topic of a number of other reports. Compass Point began coverage on shares of Silvergate Capital in a research report on Wednesday, November 27th. They set a “buy” rating and a $17.50 price target on the stock. Barclays started coverage on shares of Silvergate Capital in a report on Monday. They issued an “overweight” rating and a $19.00 price objective for the company.

NYSE:SI opened at $15.44 on Monday. Silvergate Capital has a 1-year low of $12.25 and a 1-year high of $16.95.

In related news, CEO Alan J. Lane purchased 20,830 shares of the firm’s 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 $314,533.00. Also, Director Thomas C. Dircks acquired 20,530 shares of the stock in a transaction on Tuesday, November 12th. The stock was bought at an average price of $15.10 per share, with a total value of $310,003.00. Insiders acquired 48,525 shares of company stock valued at $732,728 over the last three months.

About Silvergate Capital

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.

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