Stifel Financial (NYSE:SF) Posts Earnings Results, Misses Estimates By $0.13 EPS

Stifel Financial (NYSE:SF) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.13), Briefing.com reports. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Stifel Financial had a net margin of 11.60% and a return on equity of 12.32%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 EPS.

Stifel Financial Trading Down 0.9 %

Shares of NYSE:SF traded down $0.68 during trading on Thursday, reaching $77.60. The company’s stock had a trading volume of 208,535 shares, compared to its average volume of 544,651. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $7.98 billion, a PE ratio of 18.14 and a beta of 1.18. Stifel Financial has a 12 month low of $54.81 and a 12 month high of $79.23. The firm’s 50 day simple moving average is $75.90 and its two-hundred day simple moving average is $69.17.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.42 dividend. This is an increase from Stifel Financial’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, February 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.16%. Stifel Financial’s dividend payout ratio (DPR) is presently 39.25%.

Insiders Place Their Bets

In other Stifel Financial news, SVP Thomas B. Michaud sold 25,421 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $74.26, for a total value of $1,887,763.46. Following the completion of the sale, the senior vice president now owns 90,055 shares of the company’s stock, valued at $6,687,484.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Victor Nesi sold 36,000 shares of Stifel Financial stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $75.37, for a total transaction of $2,713,320.00. Following the transaction, the insider now directly owns 54,732 shares of the company’s stock, valued at $4,125,150.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Thomas B. Michaud sold 25,421 shares of Stifel Financial stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $74.26, for a total transaction of $1,887,763.46. Following the transaction, the senior vice president now directly owns 90,055 shares in the company, valued at $6,687,484.30. The disclosure for this sale can be found here. 3.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. TD Cowen boosted their price target on Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Citigroup boosted their price target on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. JMP Securities restated a “market outperform” rating and issued a $88.00 price target on shares of Stifel Financial in a research note on Tuesday, April 9th. Finally, UBS Group boosted their price target on Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stifel Financial presently has an average rating of “Moderate Buy” and an average target price of $84.50.

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.