Siebert Financial (NASDAQ:SIEB) Releases Earnings Results

Siebert Financial (NASDAQ:SIEB) issued its quarterly earnings results on Monday. The financial services provider reported ($0.01) EPS for the quarter, FiscalAI reports. The firm had revenue of $23.56 million for the quarter. Siebert Financial had a return on equity of 8.08% and a net margin of 8.05%.

Siebert Financial Price Performance

Shares of NASDAQ SIEB remained flat at $1.87 during trading on Tuesday. 2,409 shares of the stock traded hands, compared to its average volume of 31,719. The company has a market cap of $75.60 million, a price-to-earnings ratio of 10.38 and a beta of 1.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a 50-day moving average of $2.33 and a 200-day moving average of $2.88. Siebert Financial has a one year low of $1.77 and a one year high of $5.77.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Siebert Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Siebert Financial by 111,383.3% during the second quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 6,683 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Siebert Financial in the 2nd quarter valued at about $34,000. Invesco Ltd. acquired a new position in shares of Siebert Financial in the 2nd quarter valued at about $45,000. Jane Street Group LLC grew its holdings in shares of Siebert Financial by 40.9% during the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 4,775 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Siebert Financial by 48.9% during the 4th quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 5,198 shares during the period. Institutional investors and hedge funds own 1.52% of the company’s stock.

Siebert Financial Company Profile

Siebert Financial Corp., trading on the Nasdaq under the symbol SIEB, is the bank holding company for Siebert Bank & Trust, offering a full range of community banking services. Through its subsidiary, the company provides traditional deposit products, lending solutions and digital banking capabilities designed to meet the needs of individuals, businesses and agricultural customers.

Siebert’s product suite includes checking and savings accounts, certificates of deposit and money market instruments, alongside consumer and mortgage loans, agricultural lending and commercial credit facilities.