First National Bank of Omaha Buys New Holdings in Stifel Financial Corporation $SF

Key Points

• First National Bank of Omaha bought 32,493 shares of Stifel Financial in the second quarter, valued at approximately $2.27 million. Institutional investors collectively own 82.01% of the company.
• Stifel Financial reported quarterly EPS of $1.42, exceeding the $1.33 consensus estimate, while revenue rose 13% year over year to $1.45 billion.
• The company declared a quarterly dividend of $0.34 per share, equivalent to an annualized $1.36 dividend and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $91.90.

First National Bank of Omaha purchased a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 32,493 shares of the financial services provider's stock, valued at approximately $2,267,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SF. Citizens Financial Group Inc. RI acquired a new stake in shares of Stifel Financial in the 2nd quarter valued at $238,000. BlackRock Inc. acquired a new stake in Stifel Financial in the second quarter valued at $1,031,197,000. Pallas Capital Advisors LLC acquired a new position in shares of Stifel Financial during the 2nd quarter worth about $846,000. Deutsche Bank AG acquired a new position in shares of Stifel Financial during the 2nd quarter worth about $1,565,000. Finally, Perigon Wealth Management LLC purchased a new position in shares of Stifel Financial in the 2nd quarter valued at about $369,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Stock Performance

NYSE SF opened at $82.73 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The company has a market capitalization of $12.49 billion, a PE ratio of 14.81 and a beta of 0.99. The company has a fifty day moving average of $77.86 and a two-hundred day moving average of $76.46.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company posted $1.71 earnings per share. The business's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 1st. Stifel Financial's dividend payout ratio (DPR) is currently 24.33%.

Wall Street Analysts Forecast Growth

SF has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on Stifel Financial from $80.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. UBS Group set a $90.00 price target on shares of Stifel Financial in a research note on Thursday, July 23rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Stifel Financial in a report on Friday, May 29th. Finally, Zacks Research raised shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 20th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Stifel Financial currently has an average rating of "Moderate Buy" and a consensus target price of $91.90.

Insider Transactions at Stifel Financial

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director owned 5,729 shares of the company's stock, valued at $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.36% of the stock is owned by corporate insiders.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm's main business activities are organized into two core segments: Private Client Group and Institutional Group.

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