Hilltop Holdings Inc. (HTH) Expected to Post FY2018 Earnings of $1.32 Per Share

Hilltop Holdings Inc. (NYSE:HTH) – Analysts at SunTrust Banks issued their FY2018 earnings estimates for Hilltop in a report issued on Monday, October 29th. SunTrust Banks analyst M. Young expects that the financial services provider will earn $1.32 per share for the year. SunTrust Banks has a “Buy” rating and a $24.00 price target on the stock. SunTrust Banks also issued estimates for Hilltop’s Q2 2019 earnings at $0.44 EPS and FY2020 earnings at $1.80 EPS.

Hilltop (NYSE:HTH) last posted its quarterly 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). Hilltop had a net margin of 6.55% and a return on equity of 7.00%. The business had revenue of $380.04 million during the quarter, compared to the consensus estimate of $385.07 million.

Several other equities research analysts have also commented on the stock. ValuEngine upgraded shares of Hilltop from a “strong sell” rating to a “sell” rating in a report on Friday, August 17th. Zacks Investment Research lowered shares of Hilltop from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 28th. Compass Point upgraded shares of Hilltop from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, July 31st. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a report on Monday, October 29th. Finally, Stephens set a $24.00 price objective on shares of Hilltop and gave the stock a “hold” rating in a research report on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.60.

NYSE:HTH opened at $19.99 on Thursday. Hilltop has a one year low of $17.16 and a one year high of $28.32. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.98 and a quick ratio of 0.85. The stock has a market capitalization of $1.88 billion, a PE ratio of 12.04 and a beta of 0.96.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, November 14th. Hilltop’s payout ratio is currently 16.87%.

In other news, insider Keith E. Bornemann sold 1,500 shares of Hilltop stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $20.68, for a total value of $31,020.00. Following the transaction, the insider now owns 8,270 shares of the company’s stock, valued at approximately $171,023.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 22.30% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in shares of Hilltop by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 375,586 shares of the financial services provider’s stock worth $8,290,000 after buying an additional 10,836 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Hilltop in the 2nd quarter worth approximately $588,000. SG Americas Securities LLC grew its position in shares of Hilltop by 44.8% in the 2nd quarter. SG Americas Securities LLC now owns 9,928 shares of the financial services provider’s stock worth $219,000 after buying an additional 3,071 shares during the last quarter. Carillon Tower Advisers Inc. grew its position in shares of Hilltop by 6.8% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 131,459 shares of the financial services provider’s stock worth $2,901,000 after buying an additional 8,384 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Hilltop by 23.3% in the 2nd quarter. Royce & Associates LP now owns 706,022 shares of the financial services provider’s stock worth $15,582,000 after buying an additional 133,475 shares during the last quarter. 59.37% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Story: Bond

Earnings History and Estimates for Hilltop (NYSE:HTH)

Receive News & Ratings for Hilltop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilltop and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply