|Bid||103.51 x 800|
|Ask||108.45 x 1000|
|Day's Range||102.50 - 108.62|
|52 Week Range||13.50 - 187.86|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||45.23|
|Earnings Date||Oct. 25, 2021 - Oct. 29, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||154.57|
LA JOLLA, Calif., July 28, 2021--Silvergate Capital Corporation ("Silvergate" or the "Company") announced today the pricing of a public offering of 8,000,000 depositary shares, each representing 1/40th ownership interest in a share of its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, for gross proceeds of $200 million. Each share of preferred stock has a liquidation preference of $1,000 per share, equivalent to $25 per depositary share. The offering is expected to close o
Stocks generally move higher during earnings season and if you can buy wisely, you can make the most of this trend.
In May, Silvergate Capital (NYSE: SI), a bank that operates in the cryptocurrency space, struck a blockbuster partnership with Facebook to become the exclusive issuer of the Diem U.S. dollar stablecoin, formerly known as Facebook's Libra project. Not only will Silvergate become the exclusive issuer of the Diem, but it will also manage the Diem reserve. Let's take a look at how Silvergate is positioned to drive revenue from stablecoins and its partnership with Facebook.