Phocas Financial Corp. Boosts Position in Stifel Financial Corporation (SF)

Phocas Financial Corp. increased its position in Stifel Financial Corporation (NYSE:SF) by 4.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,131 shares of the financial services provider’s stock after purchasing an additional 4,460 shares during the period. Phocas Financial Corp. owned 0.15% of Stifel Financial Corporation worth $4,604,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SF. Public Employees Retirement System of Ohio lifted its holdings in Stifel Financial Corporation by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 113 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Stifel Financial Corporation by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 212 shares during the last quarter. Pacad Investment Ltd. lifted its holdings in Stifel Financial Corporation by 442.9% in the second quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 3,100 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in Stifel Financial Corporation by 91.4% in the second quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 1,827 shares during the last quarter. Finally, M&T Bank Corp bought a new position in Stifel Financial Corporation in the first quarter worth about $209,000. Institutional investors and hedge funds own 86.93% of the company’s stock.

In other Stifel Financial Corporation news, Director Kelvin R. Westbrook sold 5,200 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $48.08, for a total transaction of $250,016.00. Following the sale, the director now directly owns 6,684 shares of the company’s stock, valued at $321,366.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick O. Hanser sold 4,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $50.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 33,255 shares in the company, valued at $1,662,750. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This report was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/17/phocas-financial-corp-boosts-position-in-stifel-financial-corporation-sf.html.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet raised shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. BidaskClub raised shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Stifel Financial Corporation presently has an average rating of “Hold” and a consensus price target of $56.00.

Stifel Financial Corporation (SF) traded down 0.32% during midday trading on Tuesday, hitting $52.18. The stock had a trading volume of 179,150 shares. Stifel Financial Corporation has a 52 week low of $36.71 and a 52 week high of $56.62. The company has a market cap of $3.56 billion, a PE ratio of 26.94 and a beta of 1.72. The stock’s 50 day moving average price is $50.22 and its 200-day moving average price is $47.92.

Stifel Financial Corporation (NYSE:SF) last issued its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.14. T

A number of other large investors have also recently bought and sold shares of SF. Public Employees Retirement System of Ohio lifted its holdings in Stifel Financial Corporation by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 113 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Stifel Financial Corporation by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 212 shares during the last quarter. Pacad Investment Ltd. lifted its holdings in Stifel Financial Corporation by 442.9% in the second quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 3,100 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in Stifel Financial Corporation by 91.4% in the second quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 1,827 shares during the last quarter. Finally, M&T Bank Corp bought a new position in Stifel Financial Corporation in the first quarter worth about $209,000. Institutional investors and hedge funds own 86.93% of the company’s stock.

In other Stifel Financial Corporation news, Director Kelvin R. Westbrook sold 5,200 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $48.08, for a total transaction of $250,016.00. Following the sale, the director now directly owns 6,684 shares of the company’s stock, valued at $321,366.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick O. Hanser sold 4,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $50.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 33,255 shares in the company, valued at $1,662,750. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This report was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/17/phocas-financial-corp-boosts-position-in-stifel-financial-corporation-sf.html.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet raised shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. BidaskClub raised shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Stifel Financial Corporation presently has an average rating of “Hold” and a consensus price target of $56.00.

Stifel Financial Corporation (SF) traded down 0.32% during midday trading on Tuesday, hitting $52.18. The stock had a trading volume of 179,150 shares. Stifel Financial Corporation has a 52 week low of $36.71 and a 52 week high of $56.62. The company has a market cap of $3.56 billion, a PE ratio of 26.94 and a beta of 1.72. The stock’s 50 day moving average price is $50.22 and its 200-day moving average price is $47.92.

Stifel Financial Corporation (NYSE:SF) last issued its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.14. The firm had revenue of $725.60 million for the quarter, compared to analysts’ expectations of $689.67 million. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Equities research analysts predict that Stifel Financial Corporation will post $3.44 earnings per share for the current year.

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.

Institutional Ownership by Quarter for Stifel Financial Corporation (NYSE:SF)

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