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Wednesday, February 1, 2023

Is Silvergate Capital Corporation (NYSE: SI) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Silvergate Capital Corporation (SI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.42, or 3.45%, to $12.60. The Silvergate Capital Corporation has recorded 83,092 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Silvergate Announces Select Preliminary Fourth Quarter 2022 Financial Metrics and Provides Business Update.


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Stocks Info

This NYSE-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $12.18 and fluctuated between $12.36 as its day high and $11.67 as its day low. The current market capitalization of Silvergate Capital Corporation is $395.97M. A total of 4.81 million shares were traded on the day, compared to an average of 4.95M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SI has seen 5 BUY and 5 SELL insider trades, representing the acquisition of 6,492 and the disposition of 2,662 shares. Over the last 12 months, there were 25 BUYs and 18 SELLs from insiders. Insiders purchased 32,811 shares during that period but sold 25,158.

In the most recent transaction, LANE ALAN J sold 16,314 shares of SI for 92.46 per share on Jul 21. After the transaction, the President and CEO now owns 0 company shares. In a previous transaction on Apr 22, Fraher Kathleen sold 750 shares at 135.00 per share. SI shares that Chief Operating Officer owns now total 10,097.

Among the insiders who sold shares, Fraher Kathleen disposed of 750 shares on Apr 21 at a per-share price of $130.44. This resulted in the Chief Operating Officer holding 10,847 shares of SI after the transaction. In another insider transaction, Brassfield Karen F. sold 3,000 shares at $113.34 per share on Feb 22. Company shares held by the Director now total 13,298.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SI in the last 3 months, the mean price target is $17.50 with high estimates of $38.00 and low estimates of $9.00. In terms of 52-week highs and lows, SI has a high of $162.65 and a low of $10.81.

As of this writing, SI has an earnings estimate of $1.43 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.6 per share and a lower estimate of $1.31. The company reported an EPS of $1.13 in the last quarter, which was 34.50% higher than expectations of $0.84.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SI is Hold with a score of 3.11. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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