Siebert Financial (NASDAQ:SIEB) Issues Quarterly Earnings Results

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

Siebert Financial Trading Down 1.7%

SIEB traded down $0.03 during trading on Friday, reaching $1.77. 28,726 shares of the company’s stock were exchanged, compared to its average volume of 20,815. The company’s fifty day moving average price is $1.87 and its 200-day moving average price is $2.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.10 and a current ratio of 1.10. 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 PE 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 made changes to their positions in SIEB. Wells Fargo & Company MN grew its position in shares of 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 purchasing an additional 5,198 shares during the period. Jane Street Group LLC grew its position in shares of Siebert Financial by 60.5% in the 4th quarter. Jane Street Group LLC now owns 16,373 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 6,173 shares during the period. JPMorgan Chase & Co. grew its position in shares of Siebert Financial by 175.8% in 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 period. Bridgeway Capital Management LLC boosted its stake in Siebert Financial by 156.2% in 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, WINTON GROUP Ltd acquired a new position in Siebert Financial in the 3rd quarter worth $172,000. Institutional investors and hedge funds own 1.52% of the company’s stock.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, 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.