Silvercrest Asset Management Group (NASDAQ:SAMG) Posts Earnings Results, Misses Estimates By $0.13 EPS

Silvercrest Asset Management Group (NASDAQ:SAMG) issued its earnings results on Thursday. The asset manager reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.13), Zacks reports. Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%.

Silvercrest Asset Management Group Price Performance

SAMG traded down $0.01 during midday trading on Thursday, reaching $17.41. 10,204 shares of the company’s stock traded hands, compared to its average volume of 25,362. The stock has a market capitalization of $241.39 million, a price-to-earnings ratio of 21.76 and a beta of 0.82. Silvercrest Asset Management Group has a 52 week low of $13.93 and a 52 week high of $19.20. The firm has a fifty day moving average of $18.24 and a two-hundred day moving average of $17.57.

Silvercrest Asset Management Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.60%. Silvercrest Asset Management Group’s dividend payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Silvercrest Asset Management Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.