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

Stifel Financial (NYSE:SF) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.13), Briefing.com reports. Stifel Financial had a return on equity of 12.39% and a net margin of 11.34%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted $1.40 earnings per share. Stifel Financial’s quarterly revenue was up 5.1% compared to the same quarter last year.

Stifel Financial Price Performance

Shares of NYSE SF opened at $79.05 on Friday. The stock has a fifty day moving average of $75.98 and a 200-day moving average of $69.36. The stock has a market cap of $8.13 billion, a PE ratio of 17.96 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.79 and a current ratio of 0.82. Stifel Financial has a fifty-two week low of $54.81 and a fifty-two week high of $79.40.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.42 dividend. 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 dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, February 29th. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.

Analysts Set New Price Targets

Several analysts have commented on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $88.00 price objective on shares of Stifel Financial in a research report on Tuesday, April 9th. UBS Group lifted their price target on shares of Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Citigroup increased their price objective on Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. StockNews.com raised Stifel Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, TD Cowen lifted their price objective on Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.50.

Insiders Place Their Bets

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

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.