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.
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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