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

Stifel Financial (NYSE:SF) posted its earnings results on Wednesday. The financial services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06, Briefing.com reports. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Stifel Financial had a return on equity of 12.40% and a net margin of 11.34%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 earnings per share.

Stifel Financial Price Performance

SF stock traded up $2.10 on Thursday, reaching $86.68. 1,209,919 shares of the company’s stock were exchanged, compared to its average volume of 604,753. The stock has a fifty day moving average of $81.45 and a 200-day moving average of $77.79. Stifel Financial has a twelve month low of $54.81 and a twelve month high of $87.28. The firm has a market cap of $8.88 billion, a PE ratio of 19.82 and a beta of 1.11. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Monday, June 3rd. Stifel Financial’s dividend payout ratio is presently 38.18%.

Insider Buying and Selling

In related news, Director David A. Peacock sold 13,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on SF shares. TD Cowen lifted their price target on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday. Citigroup lifted their price target on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday. Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday. Finally, JMP Securities reissued a “market outperform” rating and issued a $88.00 target price on shares of Stifel Financial in a report on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Stifel Financial currently has a consensus rating of “Hold” and a consensus price target of $83.50.

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.