Stifel Financial (NYSE:SF) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

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

Stifel Financial Stock Performance

SF traded up $2.52 during trading on Thursday, hitting $103.74. The stock had a trading volume of 209,071 shares, compared to its average volume of 562,500. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 22.02 and a beta of 1.09. The company has a 50 day moving average price of $91.23 and a 200-day moving average price of $84.61. Stifel Financial has a one year low of $54.81 and a one year high of $104.70.

Stifel Financial Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on SF. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Citigroup raised their price objective on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. JMP Securities lifted their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group increased their price target on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $97.50.

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.