SEC Form SC 13G filed by Silvergate Capital Corporation
$SI
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/6/2023 | Neutral → Sell | Compass Point | |
| 3/6/2023 | $9.00 → $4.00 | Neutral → Underperform | Wedbush |
| 3/2/2023 | $16.00 → $10.00 | Buy → Neutral | Compass Point |
| 3/2/2023 | Neutral → Underweight | JP Morgan | |
| 3/2/2023 | $25.00 → $9.00 | Buy → Hold | Canaccord Genuity |
| 3/1/2023 | $25.00 → $16.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 1/9/2023 | $15.00 → $9.00 | Outperform → Neutral | Wedbush |
| 1/6/2023 | $36.00 → $14.00 | Buy → Hold | Craig Hallum |
4 - Silvergate Capital Corp (0001312109) (Issuer)
4 - Silvergate Capital Corp (0001312109) (Issuer)
4 - Silvergate Capital Corp (0001312109) (Issuer)
SC 13G/A - Silvergate Capital Corp (0001312109) (Subject)
SC 13G/A - Silvergate Capital Corp (0001312109) (Subject)
SC 13G - Silvergate Capital Corp (0001312109) (Subject)
Silvergate Capital Corporation (the "Company" or "Silvergate") (NYSE:SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced that the Company has suspended the payment of dividends on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, in order to preserve capital. This decision reflects the Company's focus on maintaining a highly liquid balance sheet with a strong capital position as it navigates recent volatility in the digital asset industry. The Company continues to maintain a cash position in excess of its digital asset customer related deposits. The Company's Board of Directors will re-evaluate th
Silvergate Capital Corporation ("Silvergate" or "Company") (NYSE:SI) and its wholly-owned subsidiary, Silvergate Bank ("Bank"), today announced financial results for the three and twelve months ended December 31, 2022. Fourth Quarter 2022 Commentary During the fourth quarter of 2022, the digital asset industry experienced a transformational shift, with significant over-leverage in the industry leading to several high-profile bankruptcies. These dynamics created a crisis of confidence across the ecosystem and led many industry participants to shift to a "risk off" position across digital asset trading platforms. In turn, the Company saw significant outflows of deposits during the quarter a
Company to Host Conference Call Today at 8:00 a.m. ET to Discuss Recent Developments Silvergate Capital Corporation ("Silvergate" or the "Company") (NYSE:SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced select unaudited and preliminary financial metrics for the three months ended December 31, 2022 and provided a business update. These metrics are subject to change in connection with conducting and completing normal closing procedures and an audit for the year ended December 31, 2022. The Company will also host a conference call at 8:00 a.m. (Eastern Time) today, January 5, 2023, to discuss certain recent developments.
Silvergate Capital Corporation ("Silvergate" or "Company") (NYSE:SI), the holding company for Silvergate Bank ("Bank"), today announced that on March 17, 2023 it received a letter from the New York Stock Exchange (the "NYSE") notifying the Company that it is not in compliance with the NYSE's continued listing standards given the Company failed to timely file its Annual Report on Form 10-K for the year ended December 31, 2022. Although Company management has been working diligently to complete required information for the Form 10-K, and a substantial part of such information has been completed, the Company needs additional time to complete tasks related to its Form 10-K and its independent r
Company Considering How to Best Preserve Residual Value of its Assets Silvergate Capital Corporation ("Silvergate" or "Company") (NYSE:SI), the holding company for Silvergate Bank ("Bank"), today announced its intent to wind down operations and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes. In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward. The Bank's wind down and liquidation plan includes full repayment of all deposits. The Company is also considering how best to resolve claims and preserve t
Silvergate Capital Corporation (the "Company" or "Silvergate") (NYSE:SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced that the Company has suspended the payment of dividends on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, in order to preserve capital. This decision reflects the Company's focus on maintaining a highly liquid balance sheet with a strong capital position as it navigates recent volatility in the digital asset industry. The Company continues to maintain a cash position in excess of its digital asset customer related deposits. The Company's Board of Directors will re-evaluate th
24 Exchange, a trading platform that secured $14 million in funding in late 2021, which included support from Point72 Ventures led by Steve Cohen, has decided to discontinue its spot cryptocurrency product. This comes as global regulators intensify their scrutiny of cryptocurrencies. The Bermuda-based exchange, which was founded in 2018 and commenced operations in 2019, initially enjoyed robust support for its crypto trading product. However, the company’s Chief Executive Officer Dmitri Galinov told Bloomberg that there was a decline in interest and demand following the collapse of FTX (CRYPTO: FTT) and crypto-affiliated entities such as Signature Bank (OTC:SBNY) and Silvergate Capital Co
High-ranking Binance executive Guangying Chen, a trusted ally of Binance CEO Changpeng Zhao, was the principal controller of five bank accounts associated with the supposedly autonomous U.S. subsidiary of the colossal crypto exchange, Binance.US, according to disclosed bank records. Among these accounts, one contained funds belonging to American clients, Reuters reported. These accounts, under the stewardship of Chen, were approved by U.S. financial institution Silvergate Bank (NYSE:SI) in 2019 and 2020, the documents from these periods revealed. Consequently, Chen and her subordinates were given the authorization to mobilize funds in these bank accounts. To execute payments, even for pa
Patrick Hillmann, the chief communication officer of Binance, addressed a recent Reuters report that alleged Binance had commingled customer funds, pointing out several flaws in the reporting and emphasizing the transparency of Binance's operations. Notably, Hillmann did not categorically state that the Reuters article was false. The world's largest cryptocurrency exchange has been accused of commingling customer funds with company revenue, in violation of U.S. financial rules. Quoting sources familiar with the matter, the report stated that billions of dollars were mixed almost daily in accounts held at U.S. lender Silvergate Bank (NYSE:SI). A bank record reviewed by the news agency sho
Silvergate Capital Corporation (the "Company" or "Silvergate") (NYSE:SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced the promotion of Ben Reynolds to President, and appointment of Kate Fraher as Chief Risk Officer, of both the Company and its subsidiary, Silvergate Bank. In their new roles, Ben and Kate will continue reporting to Alan Lane, CEO of Silvergate and the bank. "We are excited about these new roles, which will benefit Silvergate as we continue to grow and mature as an organization," said Alan Lane, CEO of Silvergate. "Serving the digital asset industry requires that we continue to innovate and deliver prod
Silvergate Capital Corporation (the "Company" or "Silvergate") (NYSE:SI), the leading provider of innovative financial infrastructure solutions to the digital currency industry, today announced the appointment of Mary-Margaret Henke to the board of directors of both the Company and its subsidiary bank, Silvergate Bank. "I am fortunate to be joining Silvergate's board during this period of continued evolution for both the bank and the digital assets industry," said Mary-Margaret Henke. "I look forward to working in tandem with my fellow Board members and management to ensure the Company remains a leader in innovative banking solutions." "Mary-Margaret's extensive knowledge of the financial
Silvergate Capital Corporation (the "Company" or "Silvergate") (NYSE:SI), the leading provider of innovative financial infrastructure solutions to the digital currency industry, today announced the appointment of Rebecca Rettig to the board of directors for both the Company and its subsidiary bank, Silvergate Bank. "I am honored to join Silvergate's board at this moment of evolution in the bank's history and the digital asset ecosystem," said Rebecca Rettig. "I look forward to working with Silvergate's leadership and my fellow board members to strengthen the Company's leadership position in this evolving and innovative industry." "Rebecca's broad wealth of knowledge in the blockchain and
EFFECT - Silvergate Capital Corp (0001312109) (Filer)
EFFECT - Silvergate Capital Corp (0001312109) (Filer)
15-12G - Silvergate Capital Corp (0001312109) (Filer)
Compass Point downgraded Silvergate Capital from Neutral to Sell
Wedbush downgraded Silvergate Capital from Neutral to Underperform and set a new price target of $4.00 from $9.00 previously
Compass Point downgraded Silvergate Capital from Buy to Neutral and set a new price target of $10.00 from $16.00 previously