Stifel Financial (NYSE:SF) Posts Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Stifel Financial beat earnings expectations: The company reported quarterly EPS of $1.46, $0.02 above estimates, while revenue of $1.43 billion fell short of the $1.45 billion consensus.
• Shares showed weakness: Stifel opened at $66.88, near its one-year low of $65.68 and well below its 50-day and 200-day moving averages near $76.
• Analyst sentiment remains moderately positive but targets declined: Several firms lowered their price targets, yet the stock retained a “Moderate Buy” consensus rating with an average target of $86.08. The company also maintains a quarterly dividend of $0.34, yielding approximately 2.0%.

Stifel Financial (NYSE:SF - Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.02, FiscalAI reports. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.45 billion.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $66.88 on Wednesday. The company has a 50-day simple moving average of $75.97 and a 200-day simple moving average of $75.98. Stifel Financial has a one year low of $65.68 and a one year high of $89.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 11.15 and a beta of 1.01.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.34 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. Stifel Financial's payout ratio is currently 24.33%.

Insider Buying and Selling at Stifel Financial

In other news, Director Maryam Brown sold 4,700 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the sale, the director owned 5,729 shares in the company, valued at approximately $453,736.80. This represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.36% of the company's stock.

Analyst Ratings Changes

SF has been the topic of a number of research reports. TD Cowen dropped their price target on Stifel Financial from $84.00 to $78.00 and set a "hold" rating on the stock in a research note on Monday, October 12th. BMO Capital Markets cut their price target on Stifel Financial from $85.00 to $75.00 and set a "market perform" rating on the stock in a research report on Tuesday, October 6th. Wall Street Zen cut Stifel Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. reduced their price objective on Stifel Financial from $86.00 to $82.00 and set a "neutral" rating for the company in a research note on Tuesday, October 6th. Finally, Capital One Financial set a $75.00 price objective on Stifel Financial in a report on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $86.08.

About Stifel Financial

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Through its principal operating subsidiaries, including Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, securities brokerage and related financial services to individual investors, corporations, municipalities and institutional clients.

Its wealth management business offers investment advice, brokerage services, financial planning, banking and lending solutions, and access to a range of investment products.

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