Bank of New Hampshire Takes $899,000 Position in Stifel Financial Corp. (NYSE:SF)

Bank of New Hampshire acquired a new stake in shares of Stifel Financial Corp. (NYSE:SF) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,539 shares of the financial services provider’s stock, valued at approximately $899,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Stifel Financial during the 4th quarter worth approximately $26,000. NBC Securities Inc. bought a new position in Stifel Financial during the 1st quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB grew its position in Stifel Financial by 123.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 183 shares during the last quarter. Bessemer Group Inc. grew its position in Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 110 shares during the last quarter. Finally, Quarry LP bought a new position in Stifel Financial during the 4th quarter worth approximately $49,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Trading Up 1.9%

NYSE SF opened at $96.60 on Friday. Stifel Financial Corp. has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The stock has a 50 day simple moving average of $89.48 and a two-hundred day simple moving average of $101.15. The stock has a market cap of $9.92 billion, a P/E ratio of 15.48 and a beta of 1.07.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $1.49 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.46 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.90%. Stifel Financial’s dividend payout ratio is presently 35.18%.

Insider Activity at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the sale, the director now directly owns 45,833 shares in the company, valued at $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.28% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on SF. JPMorgan Chase & Co. reduced their price target on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group reduced their price target on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Citigroup reduced their price target on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. JMP Securities dropped their price objective on Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen dropped their price objective on Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $105.50.

About Stifel Financial

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.