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

Stifel Financial (NYSE:SF) released its quarterly earnings results 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. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share.

Stifel Financial Stock Up 3.0 %

Stifel Financial stock opened at $104.26 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The business’s 50-day simple moving average is $91.61 and its two-hundred day simple moving average is $84.75. The company has a market cap of $10.69 billion, a PE ratio of 22.14 and a beta of 1.09. Stifel Financial has a fifty-two week low of $54.81 and a fifty-two week high of $104.80.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid 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 1.61%. Stifel Financial’s payout ratio is presently 35.67%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citigroup boosted their price target on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. TD Cowen boosted their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. JMP Securities boosted 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, Wells Fargo & Company boosted their target price on Stifel Financial from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Stifel Financial currently has a consensus rating of “Hold” and an average target price of $100.33.

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.