Zacks: Analysts Expect Hilltop Holdings Inc. (HTH) Will Post Earnings of $0.43 Per Share

Analysts expect Hilltop Holdings Inc. (NYSE:HTH) to post earnings of $0.43 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Hilltop’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.56. Hilltop reported earnings of $0.44 per share during the same quarter last year, which indicates a negative year over year growth rate of 2.3%. The firm is expected to issue its next quarterly earnings report on Thursday, January 24th.

According to Zacks, analysts expect that Hilltop will report full year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.54. For the next fiscal year, analysts anticipate that the company will report earnings of $1.69 per share, with EPS estimates ranging from $1.60 to $1.87. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Hilltop.

Hilltop (NYSE:HTH) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.06). The company had revenue of $380.04 million during the quarter, compared to analyst estimates of $385.07 million. Hilltop had a net margin of 6.55% and a return on equity of 7.00%.

A number of analysts recently weighed in on HTH shares. SunTrust Banks decreased their price target on shares of Hilltop from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Stephens set a $24.00 price target on shares of Hilltop and gave the stock a “hold” rating in a research note on Friday, October 26th. Zacks Investment Research reiterated a “hold” rating on shares of Hilltop in a research note on Tuesday, November 13th. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a research note on Monday, October 29th. Finally, ValuEngine upgraded shares of Hilltop from a “strong sell” rating to a “sell” rating in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.60.

NYSE:HTH traded down $0.05 during trading hours on Monday, reaching $18.09. 226,905 shares of the company’s stock were exchanged, compared to its average volume of 354,363. The stock has a market cap of $1.72 billion, a P/E ratio of 10.90 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.98 and a quick ratio of 0.85. Hilltop has a 1-year low of $17.16 and a 1-year high of $28.32.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Wednesday, November 14th. Hilltop’s dividend payout ratio is currently 16.87%.

In other Hilltop news, insider Hill A. Feinberg sold 51,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $19.87, for a total transaction of $1,013,370.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Carillon Tower Advisers Inc. raised its position in Hilltop by 2.0% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 134,049 shares of the financial services provider’s stock worth $2,704,000 after buying an additional 2,590 shares during the last quarter. Ramsey Quantitative Systems raised its position in Hilltop by 22.8% during the 3rd quarter. Ramsey Quantitative Systems now owns 15,697 shares of the financial services provider’s stock worth $317,000 after buying an additional 2,918 shares during the last quarter. Scout Investments Inc. raised its position in Hilltop by 2.1% during the 3rd quarter. Scout Investments Inc. now owns 141,973 shares of the financial services provider’s stock worth $2,864,000 after buying an additional 2,959 shares during the last quarter. Alpine Woods Capital Investors LLC raised its position in Hilltop by 27.3% during the 3rd quarter. Alpine Woods Capital Investors LLC now owns 14,000 shares of the financial services provider’s stock worth $282,000 after buying an additional 3,000 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings 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 valued at $219,000 after purchasing an additional 3,071 shares in the last quarter. Institutional investors own 59.99% of the company’s stock.

Hilltop Company Profile

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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Earnings History and Estimates for Hilltop (NYSE:HTH)

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