Stifel Financial (NYSE:SF) Announces Quarterly Earnings Results

Stifel Financial (NYSE:SF) announced its earnings results on Wednesday. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10), Briefing.com reports. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $0.60 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis.

Stifel Financial Stock Performance

SF stock traded up $2.01 during midday trading on Thursday, reaching $103.23. 27,798 shares of the company were exchanged, compared to its average volume of 561,620. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The business has a 50-day moving average price of $91.23 and a two-hundred day moving average price of $84.61. Stifel Financial has a one year low of $54.81 and a one year high of $103.64. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 22.02 and a beta of 1.09.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 1.63%. Stifel Financial’s dividend payout ratio (DPR) is 35.67%.

Analyst Ratings Changes

A number of analysts have recently issued reports on SF shares. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup lifted their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. The Goldman Sachs Group lifted their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $97.50.

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.