Silvergate Capital Corp (NYSE:SI) released preliminary fourth-quarter results that showed a significant drop in customer deposits.
Digital asset deposits decreased from $11.9 billion at the end of the third quarter to $3.8 billion, representing a decline of approximately 68%.
Silvergate Capital shares dropped 42.7% to close at $12.57 on Thursday, and lost 6.1% on Friday.
These analysts made changes to their price targets on Silvergate Capital after the company released preliminary results.
- Canaccord Genuity cut the price target on Paychex from $150 to $25. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating on the stock.
- JP Morgan slashed Silvergate price target from $30 to $14. JP Morgan analyst Steven Alexopoulos downgraded the stock from Overweight to Neutral.
- BTIG cut the price target on the stock from $51 to $21. BTIG analyst Mark Palmer maintained the stock with a Buy.
- Wells Fargo cut the price target from $27 to $16. Wells Fargo analyst Jared Shaw maintained Silvergate with an Equal-Weight.
- B of A Securities lowered the price target from $37 to $8. B of A Securities analyst Brandon Berman downgraded the stock from Neutral to Underperform.
- Craig-Hallum slashed the price target from $36 to $14. Craig-Hallum analyst George Sutton downgraded Silvergate Capital from Buy to Hold.
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银门资本公司(纽约证券交易所股票代码：SI)发布的第四季度初步业绩显示，客户存款大幅下降。
数码资产存款由第三季末的119亿元下降至38亿元，跌幅约为68%。
Silvergate Capital股价周四下跌42.7%，收于12.57美元，上周五下跌6.1%。
在银门资本发布初步业绩后，这些分析师改变了他们对Silvergate Capital的目标价。
- 卡纳科特·格纳奇将Paychex的目标价从150美元下调至25美元。Canaccel Genuity分析师约瑟夫·瓦菲(Joseph VAFI)对该股维持买入评级。
- 摩根大通将Silvergate的目标价从30美元下调至14美元。摩根大通分析师史蒂文·亚历克索普洛斯将该股评级从增持下调至中性。
- BTIG将该股目标价从51美元下调至21美元。BTIG分析师马克·帕尔默维持了该股的买入。
- 富国银行将目标价从27美元下调至16美元。富国银行分析师Jared Shaw维持Silvergate的同等权重。
- B of A证券将目标价从37美元下调至8美元。A证券分析师布兰登·伯曼将该股评级从中性下调至表现不佳。
- 克雷格-哈勒姆Craig-Hallum分析师George Sutton将Silvergate Capital的评级从买入下调至持有。
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