Siebert Financial (NASDAQ:SIEB) Share Price Passes Above Fifty Day Moving Average – Here’s Why
by Tristan Rich · The Markets DailySiebert Financial Corp. (NASDAQ:SIEB – Get Free Report) shares 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 trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Siebert Financial in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Siebert Financial currently has an average rating of “Hold”.
View Our Latest Report on Siebert Financial
Siebert Financial Trading Down 1.3%
The firm has a market capitalization of $154.04 million, a P/E ratio of 21.17 and a beta of 0.75. The stock has a 50-day simple moving average of $3.16 and a two-hundred day simple moving average of $3.46. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.04.
Siebert Financial (NASDAQ:SIEB – Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The financial services provider reported $0.04 EPS for the quarter. The firm had revenue of $26.85 million for the quarter. Siebert Financial had a return on equity of 8.08% and a net margin of 8.05%.
Institutional Investors Weigh In On Siebert Financial
Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Siebert Financial by 111,383.3% during the second 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Siebert Financial during the second quarter worth $34,000. Invesco Ltd. bought a new stake in Siebert Financial during the 2nd quarter valued at $45,000. Los Angeles Capital Management LLC bought a new stake in Siebert Financial during the 2nd quarter valued at $48,000. Finally, Jane Street Group LLC increased its holdings in shares of Siebert Financial by 40.9% in the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 4,775 shares during the period. Institutional investors own 1.52% of the company’s stock.
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.