[Market Wired] Stifel Financial Corp (NYSE:SF) (TREND ANALYSIS) reported net income of $20.9 million, or $0.27 per diluted common share on record net revenues of $597.8 million for the three months ended June 30, 2015, compared with net income of $43.6 million, or $0.58 per diluted common share, on net revenues of $560.1 million for the second quarter of 2014.
For the three months ended June 30, 2015, the Company reported non-GAAP net income of $55.1 million, or $0.71 per diluted common share. These non-GAAP results exclude merger-related and other non-recurring expenses of $34.2 million (after-tax).
For the six months ended June 30, 2015, the Company reported net income of $64.0 million, or $0.82 per diluted common share on record net revenues of $1.2 billion, compared with net income of $91.0 million, or $1.20 per diluted share, on net revenues of $1.1 billion for the comparable period in 2014.
Stock Performance: Click here for a free comprehensive Trend Analysis Report
Stifel Financial Corp (NYSE:SF) stock is currently trading 12.13% below its 52-week-high, 26.98% above its 52-week-low. The 1-year stock price history is in the range of $41.47 – $59.93. Stifel Financial Corp (SF) has a price to earnings ratio of 27.28 versus Financial sector average of 16.77. SF stock price has outperformed the S&P 500 by 1.6%. The Diversified Financial Services company is currently valued at $3.66 billion and its share price closed the last trading session at $52.66. The stock has a 50-day moving average of $56.11 and a 200-day moving average of $54.77.
Stifel Financial Corp (SF) current short interest stands at 2.35 million shares. It has remained stable from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.45 million shares, the number of days required to cover the short positions stand at 5.2 days.
SF reported last quarter earnings on August 10. The Diversified Financial Services company announced earnings per share of $0.71 against a consensus Street estimate of $0.75, missing estimate by $0.04. This corresponds to an increase of $0.05 compared to the same quarter of the previous fiscal year.
Is this a Buying Opportunity? Click here for a free Trend Analysis Report
There are currently ten analysts that cover Stifel Financial Corp stock. Of those ten, three have a Buy rating, six have a Hold rating and one has a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $57.57.
A recent analyst activity consisted of Susquehanna reiterating their Neutral stance on July 15. Susquehanna decreased price target from $51 to $50. This corresponds to a 5.05% downside from the last closing price. On the date of report, the stock closed at $57.21.
Goldman Sachs downgraded their Neutral rating to Sell on June 25, and increased their price target on SF stock from $54 to $60. This corresponds to a 13.94% upside from the last closing price. On the date of report, the stock closed at $59.18.
Another research firm was MKM Partners who initiated their coverage on the stock with Buy rating on March 19. MKM Partners fixed their price target at $67. This translates to a 27.23% upside from the last closing price. On the date of report, the stock closed at $56.01.
Stifel Financial Corp. is a financial services holding company whose subsidiaries serve individual and institutional clients in the U.S. and Europe. The Company’s broker-dealer affiliates provide wealth management, investment banking, independent research, trading, investment advisory, and related financial services.