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.
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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