New Lifetime High Reached: Stifel Financial (SF)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Stifel Financial ( SF) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Stifel Financial as such a stock due to the following factors:

  • SF has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $30.5 million.
  • SF has traded 6,844 shares today.
  • SF is trading at a new lifetime high.

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More details on SF:

Stifel Financial Corp., a financial holding company, provides retail and institutional wealth management, and investment banking services primarily in the United States. SF has a PE ratio of 25. Currently there are 2 analysts that rate Stifel Financial a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Stifel Financial has been 384,600 shares per day over the past 30 days. Stifel Financial has a market cap of $3.9 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.31 and a short float of 4% with 4.39 days to cover. Shares are up 13.4% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Stifel Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:
  • Despite its growing revenue, the company underperformed as compared with the industry average of 5.7%. Since the same quarter one year prior, revenues slightly increased by 3.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • STIFEL FINANCIAL CORP's earnings per share declined by 11.1% in the most recent quarter compared to the same quarter a year ago. Stable earnings per share over the past year indicate the company has sound management over its earnings and share float. We anticipate these figures will begin to experience more growth in the coming year. During the past fiscal year, STIFEL FINANCIAL CORP increased its bottom line by earning $2.34 versus $2.33 in the prior year. This year, the market expects an improvement in earnings ($3.09 versus $2.34).
  • Net operating cash flow has increased to -$300.43 million or 11.18% when compared to the same quarter last year. Despite an increase in cash flow of 11.18%, STIFEL FINANCIAL CORP is still growing at a significantly lower rate than the industry average of 189.33%.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed compared to the Capital Markets industry average, but is greater than that of the S&P 500. The net income has decreased by 9.0% when compared to the same quarter one year ago, dropping from $47.38 million to $43.10 million.

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