Siebert Financial (NASDAQ:SIEB) Issues Quarterly Earnings Results

Siebert Financial (NASDAQ:SIEB) issued its quarterly earnings data on Tuesday. The financial services provider reported ($0.01) earnings per share for the quarter, FiscalAI reports. Siebert Financial had a negative return on equity of 1.25% and a negative net margin of 1.07%.The company had revenue of $31.17 million for the quarter.

Siebert Financial Stock Performance

NASDAQ:SIEB traded up $0.14 during trading hours on Thursday, reaching $1.87. The company had a trading volume of 106,122 shares, compared to its average volume of 41,525. The firm has a market cap of $76.56 million, a PE ratio of -62.31 and a beta of 0.93. Siebert Financial has a 1-year low of $1.53 and a 1-year high of $4.14. The business’s 50 day moving average price is $1.74 and its 200-day moving average price is $1.94. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Siebert Financial in a report on Friday, June 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Siebert Financial

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Siebert Financial by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 723,975 shares of the financial services provider’s stock valued at $2,114,000 after purchasing an additional 38,318 shares during the last quarter. Geode Capital Management LLC raised its position in Siebert Financial by 81.8% in the 2nd quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider’s stock valued at $1,770,000 after purchasing an additional 180,186 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Siebert Financial during the second quarter worth about $168,000. Bridgeway Capital Management LLC lifted its stake in Siebert Financial by 156.2% in the third quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 39,060 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Siebert Financial during the 3rd quarter worth approximately $172,000. Hedge funds and other institutional investors own 1.52% of the company’s stock.

About Siebert Financial

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.