Stifel Financial (NYSE:SF) Announces Earnings Results

Stifel Financial (NYSE:SF) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06, Briefing.com reports. Stifel Financial had a net margin of 11.59% and a return on equity of 13.33%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $1.20 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis.

Stifel Financial Stock Up 1.8 %

Shares of NYSE:SF traded up $1.54 on Friday, hitting $88.22. 611,193 shares of the company traded hands, compared to its average volume of 787,443. Stifel Financial has a 52 week low of $54.81 and a 52 week high of $88.60. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $81.63 and a 200-day simple moving average of $77.97. The company has a market cap of $9.04 billion, a PE ratio of 20.05 and a beta of 1.11.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.68 annualized dividend and a dividend yield of 1.90%. Stifel Financial’s payout ratio is presently 38.18%.

Insider Activity

In related news, Director David A. Peacock sold 13,000 shares of Stifel Financial stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total value of $1,038,700.00. Following the completion of the sale, the director now directly owns 18,646 shares in the company, valued at approximately $1,489,815.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup increased their price objective on Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. JMP Securities reissued a “market outperform” rating and set a $88.00 price objective on shares of Stifel Financial in a research note on Tuesday, April 9th. TD Cowen increased their price objective on Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.50.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.