Stifel Fin Corp Stock Price, News & Analysis

Stifel Financial Corp. (NYSE: SF) announced the appointment of Charlie Smith as Managing Director in the Venture and Fund Banking Group, based in California. This hire aims to enhance Stifel's presence on the West Coast, particularly in the technology and life sciences sectors. Smith brings over 20 years of experience from City National Bank and Wells Fargo. The Venture and Fund Banking Group has successfully produced $2.5 billion in loan commitments and over $1 billion in deposits since its launch in 2018, indicating strong growth in its financial services offerings.

Stifel Financial Corp. (NYSE: SF) announced a cash dividend of $0.15 per share on its common stock, payable on June 15, 2021, for shareholders on record by June 1, 2021. Additionally, dividends were declared for its Series A, B, and C Non-Cumulative Perpetual Preferred Stocks, amounting to approximately $0.390625 and $0.3828125 per depositary share, also payable on June 15, 2021. This reflects Stifel’s ongoing commitment to shareholder returns.

Stifel Financial Corp. (NYSE: SF) has hired Robert L. Rauch as Managing Director of Emerging Markets Debt Advisory, strengthening its full-service emerging markets offering. Rauch, with over 40 years of experience, previously held senior roles at Gramercy Funds Management, managing substantial corporate debt restructurings. Stifel's emerging markets platform has expanded since its 2019 launch, now comprising a team of 25 professionals. In its first year, the debt team achieved notable success, completing $32.4 billion in trades, demonstrating the growing significance of emerging markets in investment banking.

Stifel reported record net revenues of $1.1 billion for Q1 2021, marking a 24.3% year-over-year increase. Net income available to common shareholders reached $164.7 million, or $1.40 per diluted share, up from $81.7 million last year. Key drivers included strong performances in Global Wealth Management and Institutional Group segments. The company's assets also rose to $378.6 billion, an increase of 36.9% YoY. The Board declared a quarterly dividend of $0.15, a 36% increase.

Stifel Financial Corp. (NYSE: SF) will release its Q1 2021 financial results on April 27, 2021, before market opening. Following the release, a conference call hosted by Chairman and CEO Ronald J. Kruszewski will take place at 9:30 a.m. Eastern time. This call may feature forward-looking statements concerning the company's performance. Interested participants can join by dialing (877) 876-9938 and using conference ID 7880334. A webcast and presentation will also be available on Stifel's website, with a replay accessible after the call.

On April 7, 2021, Summer Street Capital Partners, based in Buffalo, NY, announced the sale of Curtis Bay Medical Waste Services to Aurora Capital Partners in Los Angeles. The terms of the deal remain undisclosed. Curtis Bay, headquartered in Baltimore, MD, is a leading medical waste solutions provider. Under Summer Street's ownership, Curtis Bay expanded its services and enhanced its operations, including strategic acquisitions and facility investments aimed at sustainability. The company operates the largest medical waste incinerator in the country and serves thousands of healthcare providers across the east coast.

Stifel Financial has appointed Thierry Perrein as Managing Director in the Fixed Income Capital Markets group, focusing on Financials and Real Estate Investment Trusts (REITs). Perrein, previously a top analyst at Wells Fargo, brings over 20 years of experience, having also held roles at Credit Suisse and Moody's. His expertise is expected to enhance Stifel's capabilities in fixed income research, building on the firm's recent recognition as a leading non-bulge bracket firm in this sector.

Stifel Financial Corp. (NYSE: SF) has announced a rebranding of its subsidiary, Century Security Associates, Inc., to Stifel Independent Advisors. Alex David has been appointed as President and CEO of the newly named independent contractor broker-dealer. This strategic shift aims to enhance Stifel's appeal to independent advisors, capitalizing on its longstanding experience in the independent advisory sector. David, previously at Wells Fargo Advisors, brings over 13 years of industry expertise, focusing on financial advisor recruitment and development.