Siebert Financial (NASDAQ:SIEB) Announces Earnings Results

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

Siebert Financial Price Performance

Shares of NASDAQ SIEB remained flat at $1.87 during midday trading on Tuesday. The stock had a trading volume of 4,042 shares, compared to its average volume of 31,739. The company has a market cap of $75.60 million, a P/E ratio of 10.39 and a beta of 1.02. Siebert Financial has a fifty-two week low of $1.77 and a fifty-two week high of $5.77. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $2.33 and a two-hundred day moving average of $2.88.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in 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 worth $1,770,000 after buying an additional 180,186 shares during the period. Navellier & Associates Inc. raised its stake in shares of Siebert Financial by 99.2% in the 3rd quarter. Navellier & Associates Inc. now owns 147,918 shares of the financial services provider’s stock valued at $432,000 after acquiring an additional 73,646 shares during the period. WINTON GROUP Ltd purchased a new stake in Siebert Financial during the 3rd quarter worth $172,000. Bridgeway Capital Management LLC boosted its position in Siebert Financial by 156.2% during the 3rd quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 39,060 shares during the period. Finally, 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 in the last quarter. Hedge funds and other institutional investors own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

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