Stifel Financial (NYSE:SF) Releases Earnings Results, Beats Expectations By $0.06 EPS

Stifel Financial (NYSE:SF) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06, Briefing.com reports. Stifel Financial had a return on equity of 13.33% and a net margin of 11.59%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. Stifel Financial’s quarterly revenue was up 15.9% compared to the same quarter last year.

Stifel Financial Stock Performance

Shares of SF stock traded up $1.54 on Friday, reaching $88.22. The stock had a trading volume of 611,193 shares, compared to its average volume of 787,443. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 0.84. Stifel Financial has a 1 year low of $54.81 and a 1 year high of $88.60. The stock has a market cap of $9.04 billion, a P/E ratio of 20.05 and a beta of 1.11. The company has a 50 day simple moving average of $81.63 and a 200 day simple moving average of $77.97.

Stifel Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup increased their price target on shares of Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday. JMP Securities reaffirmed a “market outperform” rating and set a $88.00 price target on shares of Stifel Financial in a report 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 report on Thursday. Finally, Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.50.

Insider Buying and Selling

In other Stifel Financial news, Director David A. Peacock sold 13,000 shares of the 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 transaction, the director now owns 18,646 shares of the company’s stock, valued at $1,489,815.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.57% of the stock is currently owned by corporate insiders.

Stifel Financial Company Profile

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.