SunTrust Banks Weighs in on Hilltop Holdings Inc.’s Q3 2017 Earnings (HTH)
Hilltop Holdings Inc. (NYSE:HTH) – Investment analysts at SunTrust Banks dropped their Q3 2017 earnings estimates for shares of Hilltop Holdings in a report released on Monday. SunTrust Banks analyst M. Young now expects that the financial services provider will earn $0.46 per share for the quarter, down from their prior forecast of $0.50.
A number of other brokerages have also weighed in on HTH. Zacks Investment Research raised shares of Hilltop Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Hilltop Holdings in a research note on Tuesday, September 12th. BidaskClub lowered shares of Hilltop Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Compass Point raised shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price target on the stock in a research note on Tuesday, August 1st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $30.00 price target on shares of Hilltop Holdings in a research note on Friday, September 1st. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.08.
Shares of Hilltop Holdings (NYSE:HTH) opened at 24.52 on Tuesday. Hilltop Holdings has a 52-week low of $21.47 and a 52-week high of $30.60. The firm has a 50-day moving average of $24.54 and a 200-day moving average of $26.08. The stock has a market cap of $2.36 billion, a P/E ratio of 13.72 and a beta of 1.02.
Hilltop Holdings (NYSE:HTH) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.20. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. The company had revenue of $460.67 million during the quarter, compared to the consensus estimate of $431.80 million. During the same quarter in the prior year, the firm earned $0.32 EPS.
Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hilltop Holdings by 93.2% in 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 lifted its position in shares of Hilltop Holdings by 50.1% in 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. Victory Capital Management Inc. lifted its position in shares of Hilltop Holdings by 32.9% in 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. Ameritas Investment Partners Inc. bought a new stake in shares of Hilltop Holdings in the first quarter worth $178,000. Finally, Airain ltd bought a new stake in shares of Hilltop Holdings in the first quarter worth $232,000. 56.32% of the stock is currently owned by institutional investors and hedge funds.
In other Hilltop Holdings news, Director Charles Clifton Robinson acquired 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, with a total value of $239,000.00. Following the completion of the transaction, the director now directly owns 1,265,024 shares in the company, valued at approximately $30,234,073.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director J Markham Green sold 4,389 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $25.98, for a total transaction of $114,026.22. Following the completion of the sale, the director now directly owns 114,763 shares in the company, valued at approximately $2,981,542.74. The disclosure for this sale can be found here. Insiders own 22.50% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, August 11th. Hilltop Holdings’s dividend payout ratio is presently 13.41%.
Hilltop Holdings Company Profile
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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