Analysts Expect Hilltop Holdings Inc. (NYSE:HTH) to Post $0.53 Earnings Per Share

Equities research analysts predict that Hilltop Holdings Inc. (NYSE:HTH) will post $0.53 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hilltop’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.60. Hilltop reported earnings of $0.38 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 39.5%. The business is scheduled to announce its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Hilltop will report full-year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $2.06. For the next financial year, analysts anticipate that the business will post earnings of $1.94 per share, with EPS estimates ranging from $1.80 to $2.26. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Hilltop.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.24. The business had revenue of $420.75 million during the quarter, compared to analysts’ expectations of $380.83 million. Hilltop had a net margin of 9.56% and a return on equity of 8.02%. During the same period in the prior year, the company earned $0.35 EPS.

A number of research firms recently issued reports on HTH. Stephens set a $24.00 price objective on shares of Hilltop and gave the stock a “hold” rating in a research report on Friday, August 23rd. TheStreet upgraded shares of Hilltop from a “c+” rating to a “b-” rating in a research report on Friday, July 19th. Finally, Raymond James upgraded shares of Hilltop from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $23.42.

In related news, insider Darren E. Parmenter sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $24.00, for a total transaction of $96,000.00. Following the completion of the transaction, the insider now directly owns 35,778 shares in the company, valued at approximately $858,672. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 21.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc acquired a new position in Hilltop in the 2nd quarter valued at approximately $26,000. TCG Advisors LP acquired a new position in Hilltop in the 1st quarter valued at approximately $29,000. Public Employees Retirement System of Ohio increased its position in Hilltop by 87.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,404 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 653 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in Hilltop in the 2nd quarter valued at approximately $40,000. Finally, Point72 Hong Kong Ltd acquired a new position in Hilltop in the 2nd quarter valued at approximately $54,000. Institutional investors and hedge funds own 62.09% of the company’s stock.

HTH stock traded down $0.14 during trading on Wednesday, reaching $23.76. 480,122 shares of the company were exchanged, compared to its average volume of 397,446. The company has a 50-day moving average of $22.68 and a two-hundred day moving average of $20.56. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 13.98 and a beta of 0.86. Hilltop has a twelve month low of $16.43 and a twelve month high of $24.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.85.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, August 14th. Hilltop’s dividend payout ratio is 25.00%.

About Hilltop

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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Earnings History and Estimates for Hilltop (NYSE:HTH)

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