Stifel Financial Corporation (SF) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Stifel Financial Corporation (NYSE:SF) announced its quarterly earnings data on Monday. The financial services provider reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.06, Briefing.com reports. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The company had revenue of $721.20 million for the quarter, compared to the consensus estimate of $701.12 million. During the same period in the prior year, the firm posted $0.69 EPS. Stifel Financial Corporation’s revenue for the quarter was up 12.3% on a year-over-year basis.
Stifel Financial Corporation (SF) traded down 0.52% during trading on Monday, reaching $51.72. 481,655 shares of the company’s stock traded hands. The company has a 50 day moving average of $51.51 and a 200 day moving average of $48.17. Stifel Financial Corporation has a one year low of $36.71 and a one year high of $56.62. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 26.70 and a beta of 1.72.
Several brokerages recently commented on SF. Zacks Investment Research downgraded shares of Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. TheStreet upgraded shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. BidaskClub upgraded shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, JMP Securities restated a “neutral” rating on shares of Stifel Financial Corporation in a research note on Friday, August 18th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Stifel Financial Corporation has an average rating of “Hold” and a consensus price target of $56.00.
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In other Stifel Financial Corporation news, Director David A. Peacock purchased 4,500 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average price of $50.03 per share, for a total transaction of $225,135.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kelvin R. Westbrook sold 5,200 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $48.08, for a total value of $250,016.00. Following the sale, the director now owns 6,684 shares in the company, valued at approximately $321,366.72. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.
About Stifel Financial Corporation
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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