Stifel Financial (NYSE:SF) Releases Quarterly Earnings Results

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

Stifel Financial Price Performance

Shares of SF traded down $0.80 during trading hours on Friday, reaching $103.47. The stock had a trading volume of 590,265 shares, compared to its average volume of 565,180. Stifel Financial has a 12 month low of $55.01 and a 12 month high of $105.35. The stock has a market capitalization of $10.61 billion, a PE ratio of 22.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The company’s 50-day moving average is $91.61 and its two-hundred day moving average is $84.75.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial’s payout ratio is 35.67%.

Analyst Upgrades and Downgrades

SF has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. TD Cowen boosted their price objective on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday. Wolfe Research cut Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Finally, JMP Securities boosted their price target on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and an average target price of $100.33.

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.