02:23 PM EST, 03/07/2024 (MT Newswires) -- Cohen & Co. ( COHN ) shares climbed more than 20% in recent Thursday trading after the financial services company reported a profit in Q4 on the back of higher revenue in the previous day.

Late Wednesday, the company posted Q4 net income of $2.97 per share, reversing from a loss of $2.10 a year earlier.

Revenue for the quarter ended Dec. 31 was $34.5 million, compared with $12.5 million a year earlier.

No analyst estimates were available for comparison.

The company maintained its quarterly dividend at $0.25 per share, payable on April 5 to stockholders of record March 22.

Price: 7.67, Change: +1.29, Percent Change: +20.19