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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銀門資本公司(紐約證券交易所股票代碼：SI)發佈的第四季度初步業績顯示，客戶存款大幅下降。
數碼資產存款由第三季末的119億元下降至38億元，跌幅約為68%。
Silvergate Capital股價週四下跌42.7%，收於12.57美元，上週五下跌6.1%。
在銀門資本發佈初步業績後，這些分析師改變了他們對Silvergate Capital的目標價。
- 卡納科特·格納奇將Paychex的目標價從150美元下調至25美元。Canaccel Genuity分析師約瑟夫·瓦菲(Joseph VAFI)對該股維持買入評級。
- 摩根大通將Silvergate的目標價從30美元下調至14美元。摩根大通分析師史蒂文·亞歷克索普洛斯將該股評級從增持下調至中性。
- BTIG將該股目標價從51美元下調至21美元。BTIG分析師梅克·帕爾默維持了該股的買入。
- 富國銀行將目標價從27美元下調至16美元。富國銀行分析師Jared Shaw維持Silvergate的同等權重。
- B of A證券將目標價從37美元下調至8美元。A證券分析師布蘭登·伯曼將該股評級從中性下調至表現不佳。
- 克雷格-哈勒姆Craig-Hallum分析師George Sutton將Silvergate Capital的評級從買入下調至持有。
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