Silvergate Capital Corporation Stock News

The fintech stock is getting cheaper as cryptocurrency prices fall.

LA JOLLA, Calif.--(BUSINESS WIRE)--Silvergate Capital Corporation (NYSE: SI) (Silvergate or the Company) announced today that it has completed its underwritten public offering of 3,806,895 shares of Class A common stock at a price of $145.00 per share, before underwriting discounts, including 496,551 additional shares of Class A common stock upon the exercise in full by the underwriters of their option to purchase additional shares. The aggregate gross proceeds of the offering were approxim

The fintech stock is getting cheaper as cryptocurrency prices fall.

Cryptocurrency stocks and digital tokens are losing ground as the regulatory environment grows less favorable.

Silvergate Capital Co. (NYSE:SI) saw strong trading volume on Tuesday after Morgan Stanley raised their price target on the stock from $181.00 to $260.00. Morgan Stanley currently has an overweight rating on the stock. 55,162 shares changed hands during trading, a decline of 95% from the previous sessions volume of 1,158,219 shares.The stock last traded []

LA JOLLA, Calif.--(BUSINESS WIRE)--Silvergate Capital Corporation (NYSE: SI) (Silvergate or the Company) announced today the pricing of an underwritten public offering of 3,310,344 shares of Class A common stock at a price to the public of $145.00 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 496,551 shares of Class A common stock. The aggregate gross proceeds of the offering will be approximately $480.0 million before discounts and exp

Silvergate Capital Corporation (NYSE: SI) (Silvergate or the Company) announced today the launch of an underwritten public offering of $400 millio

Silvergate Capital (NYSE:SI) had its target price increased by investment analysts at Morgan Stanley from $181.00 to $260.00 in a report released on Monday, Benzinga reports. The brokerage presently has an overweight rating on the stock. Morgan Stanleys target price points to a potential upside of 65.39% from the companys current price. Other equities analysts []

Wells Fargo & Company MN trimmed its stake in Silvergate Capital Co. (NYSE:SI) by 3.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 55,691 shares of the companys stock after selling 1,802 shares during the quarter. Wells Fargo & Company MNs holdings in Silvergate Capital were worth $6,311,000 as of its most recent []

Even with the stock''s big sell-off, shares are still up roughly 121% this year.

Even with the stock's big sell-off, shares are still up roughly 121% this year.

Zacks Investment Research upgraded shares of Silvergate Capital (NYSE:SI) from a sell rating to a hold rating in a research note released on Monday, Zacks.com reports. According to Zacks, Silvergate Capital Corporation is a bank holding company for Silvergate Bank. Silvergate Capital Corporation is based in La Jolla, United States. Several other research analysts [] The post Zacks Investment Research Upgrades Silvergate Capital (NYSE:SI) to Hold appeared first on ETF Daily News .

The financial institution is partnering with one of the world's leading cryptocurrency exchanges.