Siebert Financial (NASDAQ:SIEB) Releases Earnings Results

Siebert Financial (NASDAQ:SIEB) announced its quarterly earnings data 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 net margin of 5.44% and a return on equity of 5.56%.

Siebert Financial Trading Up 2.7%

Shares of SIEB opened at $1.92 on Wednesday. The firm has a market cap of $77.63 million, a P/E ratio of 14.77 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. Siebert Financial has a 1 year low of $1.77 and a 1 year high of $5.77. The company has a 50 day simple moving average of $2.31 and a two-hundred day simple moving average of $2.87.

Hedge Funds Weigh In On Siebert Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Siebert Financial by 175.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 18,448 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 11,759 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Siebert Financial by 81.8% during the second 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. Bridgeway Capital Management LLC grew its position in shares of Siebert Financial by 156.2% during the third quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 39,060 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Siebert Financial in the third quarter worth about $172,000. Institutional investors own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.