Siebert Financial (NASDAQ:SIEB) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Siebert Financial Corp. (NASDAQ:SIEB) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.16 and traded as high as $3.87. Siebert Financial shares last traded at $3.81, with a volume of 15,072 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Siebert Financial in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Siebert Financial Stock Performance

The business has a 50-day moving average price of $3.16 and a 200-day moving average price of $3.46. 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 firm has a market capitalization of $154.04 million, a price-to-earnings ratio of 21.17 and a beta of 0.75.

Siebert Financial (NASDAQ:SIEB) last announced its earnings results on Wednesday, November 12th. The financial services provider reported $0.04 earnings per share for the quarter. Siebert Financial had a return on equity of 8.08% and a net margin of 8.05%.The firm had revenue of $26.85 million for the quarter.

Hedge Funds Weigh In On Siebert Financial

Several hedge funds and other institutional investors have recently modified their holdings of SIEB. Jane Street Group LLC grew its position in 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 last quarter. JPMorgan Chase & Co. raised its holdings in shares of Siebert Financial by 111,383.3% in the second quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock worth $30,000 after buying an additional 6,683 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Siebert Financial during the second quarter worth $34,000. Invesco Ltd. acquired a new stake in shares of Siebert Financial during the second quarter worth $45,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Siebert Financial during the second quarter valued at $48,000. 1.52% of the stock is owned by hedge funds and other institutional investors.

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.