Zacks: Analysts Expect Hilltop Holdings Inc. (HTH) Will Post Earnings of $0.49 Per Share
Equities research analysts expect that Hilltop Holdings Inc. (NYSE:HTH) will report $0.49 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hilltop Holdings’ earnings, with estimates ranging from $0.46 to $0.52. Hilltop Holdings reported earnings per share of $0.53 during the same quarter last year, which suggests a negative year over year growth rate of 7.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Hilltop Holdings will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.55 to $1.59. For the next year, analysts anticipate that the firm will report earnings of $1.85 per share, with EPS estimates ranging from $1.83 to $1.88. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Hilltop Holdings.
Hilltop Holdings (NYSE:HTH) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.20. Hilltop Holdings had a return on equity of 9.39% and a net margin of 10.02%. The company had revenue of $460.67 million for the quarter, compared to analyst estimates of $431.80 million. During the same period in the prior year, the company posted $0.32 EPS.
A number of research firms have weighed in on HTH. Piper Jaffray Companies restated a “hold” rating and issued a $30.00 price target on shares of Hilltop Holdings in a research note on Friday, September 1st. Raymond James Financial, Inc. restated an “underperform” rating on shares of Hilltop Holdings in a research note on Thursday, August 10th. UBS AG cut Hilltop Holdings from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Zacks Investment Research cut Hilltop Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, BidaskClub cut Hilltop Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $32.08.
In other news, Director Charles Clifton Robinson bought 10,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were acquired at an average price of $23.90 per share, for a total transaction of $239,000.00. Following the completion of the transaction, the director now owns 1,265,024 shares of the company’s stock, valued at $30,234,073.60. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director J Markham Green sold 4,389 shares of Hilltop Holdings stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $25.98, for a total value of $114,026.22. Following the sale, the director now owns 114,763 shares in the company, valued at approximately $2,981,542.74. The disclosure for this sale can be found here. 22.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of HTH. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Hilltop Holdings by 93.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,760 shares in the last quarter. First Interstate Bank increased its position in shares of Hilltop Holdings by 50.1% during the first quarter. First Interstate Bank now owns 3,895 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,300 shares in the last quarter. Founders Capital Management acquired a new stake in shares of Hilltop Holdings during the first quarter worth about $118,000. Victory Capital Management Inc. increased its position in shares of Hilltop Holdings by 32.9% during the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Hilltop Holdings during the first quarter worth about $178,000. Institutional investors and hedge funds own 56.32% of the company’s stock.
Shares of Hilltop Holdings (NYSE HTH) traded up 0.82% on Friday, reaching $22.04. The company had a trading volume of 464,308 shares. The company has a market capitalization of $2.12 billion, a P/E ratio of 12.33 and a beta of 1.02. The company has a 50 day moving average of $24.87 and a 200-day moving average of $26.32. Hilltop Holdings has a 52 week low of $21.04 and a 52 week high of $30.60.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, August 11th. Hilltop Holdings’s dividend payout ratio (DPR) is currently 13.41%.
About Hilltop Holdings
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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