Wall Street brokerages expect Hilltop Holdings Inc. (NYSE:HTH) to post earnings per share (EPS) of $0.50 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Hilltop’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.58. Hilltop reported earnings per share of $0.30 in the same quarter last year, which would suggest a positive year-over-year growth rate of 66.7%. The firm is expected to issue its next earnings report on Thursday, January 23rd.
On average, analysts expect that Hilltop will report full-year earnings of $2.18 per share for the current financial year, with EPS estimates ranging from $1.89 to $2.47. For the next year, analysts forecast that the company will post earnings of $2.02 per share, with EPS estimates ranging from $1.88 to $2.37. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Hilltop.
Hilltop (NYSE:HTH) last issued its earnings results on Thursday, October 31st. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.33. Hilltop had a net margin of 11.56% and a return on equity of 10.05%. The firm had revenue of $454.61 million during the quarter, compared to analysts’ expectations of $406.30 million. During the same quarter last year, the company posted $0.38 earnings per share.
Several research analysts recently issued reports on HTH shares. Stephens reissued a “hold” rating and set a $27.00 target price on shares of Hilltop in a report on Thursday, November 7th. ValuEngine raised shares of Hilltop from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Raymond James raised shares of Hilltop from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Hilltop presently has an average rating of “Buy” and a consensus target price of $23.90.
In other Hilltop news, insider Darren E. Parmenter sold 4,000 shares of Hilltop stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $24.00, for a total value of $96,000.00. Following the completion of the transaction, the insider now owns 35,778 shares of the company’s stock, valued at $858,672. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 21.20% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its holdings in Hilltop by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 160,725 shares of the financial services provider’s stock valued at $3,419,000 after buying an additional 524 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Hilltop by 87.0% in the second quarter. Public Employees Retirement System of Ohio now owns 1,404 shares of the financial services provider’s stock valued at $30,000 after buying an additional 653 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in Hilltop in the second quarter valued at $26,000. Swiss National Bank increased its holdings in Hilltop by 1.0% in the second quarter. Swiss National Bank now owns 139,300 shares of the financial services provider’s stock valued at $2,963,000 after buying an additional 1,400 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in Hilltop in the second quarter valued at $40,000. 63.25% of the stock is owned by institutional investors.
Shares of Hilltop stock traded up $0.42 during trading on Wednesday, hitting $24.36. 377,767 shares of the company’s stock were exchanged, compared to its average volume of 461,508. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.83 and a current ratio of 1.00. The business has a 50-day simple moving average of $24.25 and a 200-day simple moving average of $22.70. Hilltop has a 52-week low of $16.43 and a 52-week high of $25.61. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 19.03 and a beta of 0.85.
The company also recently disclosed a dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, November 14th. Hilltop’s payout ratio is 25.00%.
Hilltop Company Profile
Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.
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