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

Stifel Financial (NYSE:SF) announced its earnings results on Wednesday. The financial services provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.13), Briefing.com reports. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. Stifel Financial had a return on equity of 12.32% and a net margin of 11.60%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.40 EPS.

Stifel Financial Price Performance

NYSE:SF traded down $0.68 on Thursday, reaching $77.60. The stock had a trading volume of 208,535 shares, compared to its average volume of 544,651. Stifel Financial has a 1-year low of $54.81 and a 1-year high of $79.23. The company has a market capitalization of $7.98 billion, a P/E ratio of 18.14 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $75.90 and a 200-day moving average price of $69.17.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.42 dividend. The ex-dividend date was Thursday, February 29th. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.36. This represents a $1.68 dividend on an annualized basis and a yield of 2.16%. Stifel Financial’s payout ratio is 39.25%.

Insiders Place Their Bets

In other Stifel Financial news, SVP Thomas B. Michaud sold 25,421 shares of the business’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 transaction, the senior vice president now directly 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 is available at this hyperlink. In related news, SVP Thomas B. Michaud sold 25,421 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 90,055 shares of the company’s stock, valued at $6,687,484.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Victor Nesi sold 36,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total transaction of $2,713,320.00. Following the sale, the insider now directly owns 54,732 shares of the company’s stock, valued at $4,125,150.84. The disclosure for this sale can be found here. Insiders own 3.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Stifel Financial

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.