Silvergate Capital (SI) call put ratio 1 call to 1.5 puts as shares sell off 2.8%
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Silvergate (SI) downgraded at KBW as share volatility continues
March 1, 2023 1:26 PM ESTKeefe, Bruyette & Woods (KBW) downgraded Silvergate Capital Corporation (NYSE: SI) to a Market Perform rating (From Outperform) and cut the price target on the stock to $16.00 (From $25.00) as the companys shares continue to be volatile in the wake of the deleveraging of the crypto industry and FTX bankruptcy fall-out.
Analyst Michael Perito wrote in a note, As SI's shares have fallen, we have defended the bank's management, operating platform, role within FTX's platform, and strength of their... More
