Siebert Financial (NASDAQ:SIEB) Releases Quarterly Earnings Results

Siebert Financial (NASDAQ:SIEB) announced its quarterly earnings results on Tuesday. The financial services provider reported ($0.01) EPS for the quarter, FiscalAI reports. The firm had revenue of $31.17 million during the quarter. Siebert Financial had a negative net margin of 6.21% and a negative return on equity of 6.14%.

Siebert Financial Trading Up 0.9%

SIEB stock traded up $0.01 during midday trading on Tuesday, hitting $1.69. The stock had a trading volume of 6,704 shares, compared to its average volume of 41,068. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The firm has a market cap of $68.98 million, a P/E ratio of -12.03 and a beta of 0.93. The business has a fifty day moving average price of $1.74 and a two-hundred day moving average price of $1.96. Siebert Financial has a 1-year low of $1.53 and a 1-year high of $4.15.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Siebert Financial in a research report on Friday, June 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SIEB. JPMorgan Chase & Co. lifted its stake in shares of Siebert Financial by 111,383.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 6,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Siebert Financial in the second quarter valued at approximately $34,000. Williams & Novak LLC lifted its stake in Siebert Financial by 38.6% in the second quarter. Williams & Novak LLC now owns 21,900 shares of the financial services provider’s stock valued at $36,000 after buying an additional 6,100 shares during the period. Invesco Ltd. bought a new position in shares of Siebert Financial during the 2nd quarter worth approximately $45,000. Finally, Jane Street Group LLC boosted its holdings in shares of 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 buying an additional 4,775 shares in the last quarter. 1.52% of the stock is owned by institutional investors.

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.