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

Stifel Financial (NYSE:SF) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06, Briefing.com reports. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a net margin of 11.34% and a return on equity of 12.40%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $1.20 EPS.

Stifel Financial Price Performance

SF traded up $2.10 during trading hours on Thursday, hitting $86.68. The company’s stock had a trading volume of 1,209,919 shares, compared to its average volume of 604,753. The business’s 50-day moving average price is $81.45 and its 200-day moving average price is $77.79. Stifel Financial has a 12 month low of $54.81 and a 12 month high of $87.28. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 19.82 and a beta of 1.11. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.42 dividend. This represents a $1.68 annualized dividend 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 dated Thursday, May 2nd. The shares were 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 of the company’s stock, valued at $1,489,815.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday. TD Cowen lifted their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $88.00 price objective on shares of Stifel Financial in a research report on Tuesday, April 9th. Citigroup lifted their price objective on shares of Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average 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.