Silvergate Capital Q4 results highlight ‘continued viability’, says BTIG

BTIG analyst Mark Palmer keeps his Buy rating and $21 price target on Silvergate Capital, stating that the company’s Q4 results this morning demonstrates its "continued viability" in spite of the volatility in the crypto-currency market. The analyst adds that the initial headlines regarding Silvergate’s report focused on the $1B loss it printed during the quarter, but the details management provided around their efforts to return the company to profitability were "more important".