Stifel Financial (NYSE:SF) Announces Earnings Results

Stifel Financial (NYSE:SF) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.50, Briefing.com reports. Stifel Financial had a net margin of 12.16% and a return on equity of 14.76%. The company had revenue of $895.80 million for the quarter, compared to the consensus estimate of $817.50 million. During the same quarter last year, the firm posted $1.41 earnings per share. Stifel Financial’s revenue was up 11.8% on a year-over-year basis.

Shares of Stifel Financial stock opened at $48.48 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.74 and a quick ratio of 0.70. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 8.94 and a beta of 1.72. The business has a fifty day simple moving average of $47.76 and a two-hundred day simple moving average of $50.09. Stifel Financial has a 1 year low of $31.13 and a 1 year high of $69.10.

In related news, Director John P. Dubinsky sold 4,000 shares of Stifel Financial stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $46.19, for a total value of $184,760.00. Following the transaction, the director now directly owns 21,681 shares of the company’s stock, valued at $1,001,445.39. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John P. Dubinsky sold 3,000 shares of Stifel Financial stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $48.04, for a total value of $144,120.00. Following the completion of the transaction, the director now directly owns 21,681 shares in the company, valued at $1,041,555.24. The disclosure for this sale can be found here. 3.71% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on SF shares. Credit Suisse Group initiated coverage on shares of Stifel Financial in a report on Monday, June 22nd. They set a “neutral” rating and a $52.00 price target for the company. Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating and cut their price objective for the company from $49.00 to $45.00 in a research report on Friday, May 1st. Stifel Nicolaus downgraded shares of Stifel Financial from an “equal weight” rating to an “underweight” rating in a research report on Monday, May 18th. Wells Fargo & Co raised their target price on shares of Stifel Financial from $40.00 to $44.00 and gave the company an “underweight” rating in a research note on Friday, July 10th. Finally, JMP Securities lowered their price objective on shares of Stifel Financial from $72.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $50.25.

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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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Earnings History for Stifel Financial (NYSE:SF)

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