SilverCrest Asset Management Gets a Buy Rating from Sandler O’Neill

By Austin Angelo

Sandler O’Neill analyst Andrew Disdier reiterated a Buy rating on SilverCrest Asset Management (NASDAQ: SAMG) today and set a price target of $17.50. The company’s shares opened today at $15.40.

Disdier has an average return of 8.5% when recommending SilverCrest Asset Management.

According to TipRanks.com, Disdier is ranked #2373 out of 4766 analysts.

SilverCrest Asset Management has an analyst consensus of Moderate Buy, with a price target consensus of $16.75.

Based on SilverCrest Asset Management’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $24.47 million and GAAP net loss of $80K. In comparison, last year the company earned revenue of $21.95 million and had a net profit of $1.69 million.

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Silvercrest Asset Management Group, Inc. engages in the provision of asset management services. It specializes in financial advisory, and family office related services to individuals and institutional investors. It also offers portfolio management, equity management, fixed income management, as well as outsourced investments, and family office services.