Siebert Financial (NASDAQ:SIEB – Get Free Report) announced its earnings results on Friday. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, FiscalAI reports. Siebert Financial had a net margin of 5.44% and a return on equity of 5.61%. The business had revenue of $23.47 million for the quarter.
Siebert Financial Trading Down 1.7%
Shares of Siebert Financial stock opened at $1.77 on Friday. The firm has a market capitalization of $72.46 million, a PE ratio of -12.64 and a beta of 0.90. Siebert Financial has a twelve month low of $1.68 and a twelve month high of $5.77. The firm’s 50-day moving average price is $1.87 and its 200 day moving average price is $2.60. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.05.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Siebert Financial by 111,383.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 6,683 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Siebert Financial in the second quarter valued at about $34,000. Invesco Ltd. acquired a new stake in shares of Siebert Financial in the second quarter valued at about $45,000. Jane Street Group LLC raised its position in shares of Siebert Financial by 40.9% in the first quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock valued at $49,000 after buying an additional 4,775 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Siebert Financial by 48.9% in the fourth quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider’s stock valued at $56,000 after buying an additional 5,198 shares during the last quarter. Hedge funds and other institutional investors own 1.52% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Research Report on Siebert Financial
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.
Featured Stories
- Five stocks we like better than Siebert Financial
- Japan’s Stealth Bull Market: How U.S. Investors Can Get Exposure
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
Receive News & Ratings for Siebert Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Siebert Financial and related companies with MarketBeat.com's FREE daily email newsletter.
