Wesbanco Bank Inc. Sells 7,435 Shares of Stifel Financial Corp. (NYSE:SF)

Wesbanco Bank Inc. lowered its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,293 shares of the financial services provider's stock after selling 7,435 shares during the quarter. Wesbanco Bank Inc. owned approximately 0.05% of Stifel Financial worth $4,816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc grew its holdings in Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock worth $26,000 after purchasing an additional 291 shares during the period. Fidelis Capital Partners LLC bought a new position in Stifel Financial during the first quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stifel Financial during the first quarter worth about $33,000. GAMMA Investing LLC grew its holdings in Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock worth $47,000 after purchasing an additional 109 shares during the period. Finally, Rothschild Investment LLC bought a new position in Stifel Financial during the second quarter worth about $64,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Analyst Ratings Changes

SF has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Stifel Financial from $101.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Citigroup boosted 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. StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd. The Goldman Sachs Group boosted their price objective on Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. Finally, Wolfe Research cut Stifel Financial from an "outperform" rating to a "peer perform" rating in a report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $96.67.

Stifel Financial Price Performance

Shares of SF stock traded up $1.12 during trading on Tuesday, hitting $99.42. The company had a trading volume of 719,328 shares, compared to its average volume of 561,383. 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 firm has a market capitalization of $10.19 billion, a P/E ratio of 21.11 and a beta of 1.09. The stock's 50-day moving average price is $88.39 and its 200 day moving average price is $83.47. Stifel Financial Corp. has a one year low of $54.81 and a one year high of $100.89.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. Equities analysts expect that Stifel Financial Corp. will post 6.55 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given 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 1.69%. Stifel Financial's dividend payout ratio is currently 35.67%.

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.