Hilltop Holdings Inc. (HTH) Expected to Announce Earnings of $0.43 Per Share

Wall Street analysts expect Hilltop Holdings Inc. (NYSE:HTH) to announce earnings per share (EPS) of $0.43 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Hilltop’s earnings, with estimates ranging from $0.34 to $0.56. Hilltop posted earnings of $0.44 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 2.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Hilltop will report full year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.32 to $1.54. For the next fiscal year, analysts expect that the company will post earnings of $1.71 per share, with EPS estimates ranging from $1.60 to $1.87. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Hilltop.

Hilltop (NYSE:HTH) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.06). The company had revenue of $380.04 million for the quarter, compared to analyst estimates of $385.07 million. Hilltop had a return on equity of 7.00% and a net margin of 6.55%.

Several analysts recently commented on the company. SunTrust Banks dropped their target price on Hilltop from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Raymond James raised Hilltop from an “underperform” rating to a “market perform” rating in a report on Monday, October 29th. Stephens set a $24.00 target price on Hilltop and gave the stock a “hold” rating in a report on Friday, October 26th. Zacks Investment Research lowered Hilltop from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 28th. Finally, ValuEngine raised Hilltop from a “strong sell” rating to a “sell” rating in a report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.60.

Hilltop stock traded down $0.46 during midday trading on Friday, hitting $19.89. 589,794 shares of the company were exchanged, compared to its average volume of 676,187. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 11.98 and a beta of 0.94. Hilltop has a fifty-two week low of $17.16 and a fifty-two week high of $28.32. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 0.03.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.41%. Hilltop’s dividend payout ratio is currently 16.87%.

In other Hilltop news, insider Keith E. Bornemann sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $20.68, for a total transaction of $31,020.00. Following the transaction, the insider now owns 8,270 shares in the company, valued at $171,023.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG lifted its position in shares of Hilltop by 1,254.2% in the first quarter. UBS Group AG now owns 6,771 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 6,271 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Hilltop by 44.8% in the second quarter. SG Americas Securities LLC now owns 9,928 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 3,071 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new position in shares of Hilltop in the second quarter valued at approximately $243,000. Janus Henderson Group PLC purchased a new position in shares of Hilltop in the third quarter valued at approximately $231,000. Finally, Trexquant Investment LP purchased a new position in shares of Hilltop in the third quarter valued at approximately $231,000. Institutional investors and hedge funds own 59.40% of the company’s stock.

About Hilltop

Hilltop Holdings Inc provides banking and financial products and services. Its 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, industrial, and single family residential mortgage loans.

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