Brokerages expect Hilltop Holdings Inc. (NYSE:HTH) to announce $399.37 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Hilltop’s earnings. The lowest sales estimate is $386.20 million and the highest is $410.30 million. Hilltop reported sales of $380.04 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The firm is scheduled to announce its next earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Hilltop will report full-year sales of $1.54 billion for the current financial year, with estimates ranging from $1.53 billion to $1.56 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.54 billion, with estimates ranging from $1.48 billion to $1.62 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Hilltop.
Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.24. The business had revenue of $420.75 million during the quarter, compared to the consensus estimate of $380.83 million. Hilltop had a net margin of 9.56% and a return on equity of 8.02%. During the same period in the previous year, the firm posted $0.35 earnings per share.
A number of research firms recently weighed in on HTH. Stephens reissued a “hold” rating and set a $22.00 price target on shares of Hilltop in a research note on Friday, July 26th. Zacks Investment Research raised shares of Hilltop from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research note on Tuesday, April 30th. ValuEngine raised shares of Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Finally, TheStreet raised shares of Hilltop from a “c+” rating to a “b-” rating in a research note on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hilltop currently has a consensus rating of “Buy” and a consensus price target of $22.50.
In other Hilltop news, insider Hill A. Feinberg sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $20.26, for a total value of $810,400.00. Following the completion of the sale, the insider now owns 809,153 shares of the company’s stock, valued at $16,393,439.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Hilltop in the fourth quarter valued at approximately $23,617,000. Bayview Asset Management LLC boosted its holdings in shares of Hilltop by 10.7% in the second quarter. Bayview Asset Management LLC now owns 880,756 shares of the financial services provider’s stock valued at $18,734,000 after buying an additional 85,000 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Hilltop by 45.8% in the second quarter. Renaissance Technologies LLC now owns 826,584 shares of the financial services provider’s stock valued at $17,581,000 after buying an additional 259,600 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Hilltop by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 802,187 shares of the financial services provider’s stock valued at $14,302,000 after buying an additional 36,701 shares during the period. Finally, M3F Inc. boosted its holdings in Hilltop by 28.0% during the first quarter. M3F Inc. now owns 598,031 shares of the financial services provider’s stock worth $10,914,000 after purchasing an additional 130,971 shares during the last quarter. Institutional investors own 62.17% of the company’s stock.
HTH opened at $22.26 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 0.99. The company has a market capitalization of $2.08 billion, a P/E ratio of 17.39 and a beta of 0.88. The business’s 50 day simple moving average is $21.82. Hilltop has a fifty-two week low of $16.43 and a fifty-two week high of $23.38.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, August 14th. Hilltop’s payout ratio is presently 25.00%.
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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