Hilltop (NYSE:HTH) issued its quarterly earnings data on Thursday. The financial services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.45 by $0.63, MarketWatch Earnings reports. Hilltop had a return on equity of 12.84% and a net margin of 15.53%. The firm had revenue of $572.68 million during the quarter, compared to analyst estimates of $405.40 million.
Shares of NYSE HTH traded down $0.33 during mid-day trading on Friday, hitting $19.47. The stock had a trading volume of 1,112,881 shares, compared to its average volume of 411,817. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.97. The company has a 50 day moving average of $17.95 and a two-hundred day moving average of $18.78. Hilltop has a twelve month low of $11.05 and a twelve month high of $26.28. The firm has a market cap of $1.76 billion, a PE ratio of 5.78 and a beta of 1.26.
In other news, Director W Robert Nichols III bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $15.10 per share, with a total value of $75,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hill A. Feinberg sold 12,500 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $20.66, for a total value of $258,250.00. Following the sale, the director now directly owns 722,037 shares in the company, valued at $14,917,284.42. The disclosure for this sale can be found here. 20.90% of the stock is owned by corporate insiders.
Several analysts have recently commented on HTH shares. Zacks Investment Research lowered Hilltop from a “hold” rating to a “sell” rating and set a $19.00 price objective for the company. in a report on Monday, June 22nd. ValuEngine lowered Hilltop from a “sell” rating to a “strong sell” rating in a report on Friday, July 3rd. Finally, SunTrust Banks increased their price objective on Hilltop from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.00.
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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