Hilltop Holdings Inc. (NYSE:HTH) – Analysts at SunTrust Banks cut their Q4 2018 earnings per share estimates for shares of Hilltop in a note issued to investors on Wednesday. SunTrust Banks analyst M. Young now forecasts that the financial services provider will post earnings of $0.54 per share for the quarter, down from their previous estimate of $0.55. SunTrust Banks also issued estimates for Hilltop’s FY2019 earnings at $2.11 EPS.
Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Hilltop had a net margin of 7.74% and a return on equity of 8.48%. The company had revenue of $399.15 million for the quarter, compared to analyst estimates of $390.05 million.
Several other equities research analysts have also commented on the stock. ValuEngine upgraded shares of Hilltop from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Stephens lowered shares of Hilltop from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 29th. Piper Jaffray Companies restated a “hold” rating and issued a $30.00 price target on shares of Hilltop in a research note on Sunday, January 28th. Finally, Zacks Investment Research upgraded shares of Hilltop from a “sell” rating to a “hold” rating and set a $30.00 price target on the stock in a research note on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.
Shares of Hilltop (NYSE HTH) opened at $25.40 on Friday. Hilltop has a 12 month low of $21.47 and a 12 month high of $29.54. The company has a market cap of $2,440.00, a P/E ratio of 18.68 and a beta of 1.08. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.04.
Hilltop declared that its board has approved a share buyback plan on Thursday, January 25th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from Hilltop’s previous quarterly dividend of $0.06. Hilltop’s dividend payout ratio (DPR) is currently 20.59%.
In related news, Director Gerald J. Ford acquired 10,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were acquired at an average price of $25.08 per share, for a total transaction of $250,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in shares of Hilltop by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 58,574 shares of the financial services provider’s stock valued at $1,535,000 after acquiring an additional 654 shares during the period. Voya Investment Management LLC increased its stake in shares of Hilltop by 6.6% during the second quarter. Voya Investment Management LLC now owns 36,750 shares of the financial services provider’s stock valued at $963,000 after acquiring an additional 2,268 shares during the period. Victory Capital Management Inc. increased its stake in shares of Hilltop by 34.7% during the third quarter. Victory Capital Management Inc. now owns 8,939 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 2,301 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Hilltop by 27.2% during the third quarter. BNP Paribas Arbitrage SA now owns 12,151 shares of the financial services provider’s stock valued at $316,000 after acquiring an additional 2,596 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Hilltop by 2.7% during the second quarter. New York State Common Retirement Fund now owns 110,009 shares of the financial services provider’s stock valued at $2,883,000 after acquiring an additional 2,899 shares during the period. Institutional investors and hedge funds own 56.27% of the company’s stock.
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Hilltop 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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