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

Stifel Financial (NYSE:SF - Get Free Report) announced 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. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share.

Stifel Financial Trading Up 3.0 %

Shares of SF stock traded up $3.04 during trading hours on Thursday, reaching $104.26. 735,996 shares of the stock were exchanged, compared to its average volume of 565,058. Stifel Financial has a 12-month low of $54.81 and a 12-month high of $104.80. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. The company's 50-day moving average price is $91.61 and its 200-day moving average price is $84.75. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 22.14 and a beta of 1.09.

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 paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.61%. Stifel Financial's dividend payout ratio is presently 35.67%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. StockNews.com downgraded shares of Stifel Financial from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd. Citigroup lifted their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a report on Friday, September 27th. JMP Securities lifted their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company lifted their price target on shares of Stifel Financial from $108.00 to $113.00 and gave the company an "overweight" rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average 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.