Basswood Capital Management L.L.C. Takes Position in Stifel Financial Corporation $SF

Basswood Capital Management L.L.C. bought a new stake in shares of Stifel Financial Corporation (NYSE:SF) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 104,316 shares of the financial services provider’s stock, valued at approximately $7,278,000.

Several other hedge funds also recently bought and sold shares of SF. NewEdge Advisors LLC increased its stake in Stifel Financial by 5.8% in the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock worth $252,000 after buying an additional 147 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Stifel Financial by 1,162.6% in the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 2,488 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Stifel Financial by 106.8% in the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 503 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Stifel Financial by 86.5% in the second quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock worth $13,349,000 after acquiring an additional 59,662 shares during the period. Finally, Amundi boosted its stake in shares of Stifel Financial by 51.0% in the second quarter. Amundi now owns 31,906 shares of the financial services provider’s stock worth $3,425,000 after acquiring an additional 10,771 shares during the period. Institutional investors own 82.01% of the company’s stock.

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 value of $372,240.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.36% of the stock is currently owned by insiders.

Stifel Financial Stock Up 1.7%

SF opened at $80.91 on Thursday. The company has a market capitalization of $12.22 billion, a PE ratio of 14.48 and a beta of 0.99. The firm has a 50-day simple moving average of $78.61 and a two-hundred day simple moving average of $76.34. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83.

Stifel Financial (NYSE:SF) last issued its earnings results 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. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. Analysts forecast that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SF. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Wall Street Zen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. UBS Group set a $90.00 price objective on shares of Stifel Financial in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Moderate Buy” and an average target price of $91.90.

Stifel Financial Profile

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.