Factors Likely to Have Influenced Earnings Results Silvergate Capital (NYSE:SI)

Earnings results for Silvergate Capital (NYSE:SI)

Silvergate Capital Corporation is expected* to report earnings on 10/19/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.75. The reported EPS for the same quarter last year was $0.37.

Silvergate Capital last announced its earnings results on July 19th, 2021. The reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.29. The firm had revenue of $42.45 million for the quarter, compared to analyst estimates of $36.43 million. Silvergate Capital has generated $1.36 earnings per share over the last year ($2.19 diluted earnings per share) and currently has a price-to-earnings ratio of 74.3. Earnings for Silvergate Capital are expected to grow by 40.94% in the coming year, from $2.98 to $4.20 per share. Silvergate Capital has confirmed that its next quarterly earnings report will be published on Tuesday, October 19th, 2021. Silvergate Capital will be holding an earnings conference call on Tuesday, October 19th at 11:00 AM Eastern. Interested parties can or dial in at 412-317-0088 with passcode “10160499”.

Analyst Opinion on Silvergate Capital (NYSE:SI)

According to the issued ratings of 8 analysts in the last year, the consensus rating for Silvergate Capital stock is Buy based on the current 2 hold ratings and 6 buy ratings for SI. The average twelve-month price target for Silvergate Capital is $124.00 with a high price target of $165.00 and a low price target of $50.00.

on SI’s analyst rating history

Silvergate Capital has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $124.00, Silvergate Capital has a forecasted downside of 23.8% from its current price of $162.64. Silvergate Capital has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Silvergate Capital (NYSE:SI)

Silvergate Capital does not currently pay a dividend. Silvergate Capital does not have a long track record of dividend growth.

Insiders buying/selling: Silvergate Capital (NYSE:SI)

In the past three months, Silvergate Capital insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $12,214,913.00 in company stock. Only 8.50% of the stock of Silvergate Capital is held by insiders. 73.71% of the stock of Silvergate Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Silvergate Capital (NYSE:SI

Earnings for Silvergate Capital are expected to grow by 40.94% in the coming year, from $2.98 to $4.20 per share. The P/E ratio of Silvergate Capital is 74.26, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.68. The P/E ratio of Silvergate Capital is 74.26, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.51. Silvergate Capital has a P/B Ratio of 10.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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