Hilltop (NYSE:HTH) Issues Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Hilltop (NYSE:HTHGet Free Report) released its quarterly earnings results on Friday. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14, Briefing.com reports. The business had revenue of $285.24 million for the quarter, compared to analysts’ expectations of $274.55 million. Hilltop had a net margin of 6.95% and a return on equity of 5.27%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share.

Hilltop Trading Up 3.2 %

Shares of Hilltop stock opened at $29.99 on Friday. The firm has a market capitalization of $1.95 billion, a P/E ratio of 17.54 and a beta of 1.12. The business has a fifty day simple moving average of $30.54 and a two-hundred day simple moving average of $30.98. Hilltop has a 12 month low of $26.78 and a 12 month high of $35.66.

Hilltop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 9th. Hilltop’s dividend payout ratio is currently 39.77%.

Insider Buying and Selling at Hilltop

In other Hilltop news, CEO Martin Bradley Winges sold 30,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $30.83, for a total transaction of $924,900.00. Following the completion of the transaction, the chief executive officer now owns 98,934 shares of the company’s stock, valued at $3,050,135.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Hilltop news, CEO Martin Bradley Winges sold 30,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $30.83, for a total transaction of $924,900.00. Following the completion of the transaction, the chief executive officer now owns 98,934 shares of the company’s stock, valued at $3,050,135.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hill A. Feinberg sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $31.63, for a total value of $94,890.00. Following the transaction, the director now directly owns 13,776 shares of the company’s stock, valued at approximately $435,734.88. The disclosure for this sale can be found here. Insiders own 28.90% of the company’s stock.

Hedge Funds Weigh In On Hilltop

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Hilltop by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 6,551,143 shares of the financial services provider’s stock worth $192,605,000 after purchasing an additional 109,157 shares during the last quarter. State Street Corp raised its position in shares of Hilltop by 8.9% in the 1st quarter. State Street Corp now owns 3,571,566 shares of the financial services provider’s stock worth $105,004,000 after purchasing an additional 291,456 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Hilltop by 0.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,567,251 shares of the financial services provider’s stock worth $46,077,000 after purchasing an additional 8,634 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Hilltop by 2.9% in the 1st quarter. Geode Capital Management LLC now owns 904,157 shares of the financial services provider’s stock worth $26,826,000 after purchasing an additional 25,268 shares during the last quarter. Finally, Capital Research Global Investors raised its position in shares of Hilltop by 5.9% in the 1st quarter. Capital Research Global Investors now owns 900,000 shares of the financial services provider’s stock worth $26,460,000 after purchasing an additional 50,000 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Analyst Ratings Changes

HTH has been the topic of several recent analyst reports. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a report on Friday, January 5th. TheStreet cut shares of Hilltop from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th.

Read Our Latest Analysis on Hilltop

About Hilltop

(Get Free Report)

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. 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, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.

See Also

Earnings History for Hilltop (NYSE:HTH)

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