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

Stifel Financial (NYSE:SF) released its quarterly earnings data on Wednesday. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10), Briefing.com reports. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis.

Stifel Financial Price Performance

NYSE SF traded up $2.54 during trading hours on Thursday, reaching $103.76. The company’s stock had a trading volume of 234,524 shares, compared to its average volume of 562,624. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. Stifel Financial has a 1-year low of $54.81 and a 1-year high of $104.70. The company’s 50-day moving average is $91.23 and its two-hundred day moving average is $84.61. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 22.02 and a beta of 1.09.

Stifel Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on SF shares. TD Cowen lifted their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Citigroup raised their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. JMP Securities upped their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company upped their target price on Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $97.50.

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.