Siebert Financial (NASDAQ:SIEB) Issues Earnings Results

Siebert Financial (NASDAQ:SIEB) announced its quarterly earnings data on Friday. The financial services provider reported ($0.05) EPS for the quarter, FiscalAI reports. The firm had revenue of $23.47 million during the quarter. Siebert Financial had a return on equity of 5.61% and a net margin of 5.44%.

Siebert Financial Stock Down 1.7%

Shares of SIEB traded down $0.03 on Friday, hitting $1.77. The company’s stock had a trading volume of 28,726 shares, compared to its average volume of 20,815. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average price is $1.87 and its 200-day moving average price is $2.60. Siebert Financial has a fifty-two week low of $1.68 and a fifty-two week high of $5.77. The firm has a market capitalization of $72.46 million, a price-to-earnings ratio of 13.62 and a beta of 0.90.

Hedge Funds Weigh In On Siebert Financial

Several institutional investors and hedge funds have recently modified their holdings of SIEB. JPMorgan Chase & Co. lifted its stake in Siebert Financial by 111,383.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 6,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Siebert Financial in the 2nd quarter valued at approximately $34,000. Invesco Ltd. bought a new stake in Siebert Financial in the 2nd quarter valued at approximately $45,000. Jane Street Group LLC lifted its stake in Siebert Financial by 40.9% in the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 4,775 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Siebert Financial by 48.9% in the 4th quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 5,198 shares in the last quarter. 1.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.