Brokerages Expect Hilltop Holdings Inc. (NYSE:HTH) to Announce $0.50 EPS

Analysts forecast that Hilltop Holdings Inc. (NYSE:HTH) will post $0.50 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Hilltop’s earnings, with estimates ranging from $0.42 to $0.60. Hilltop posted earnings per share of $0.38 during the same quarter last year, which suggests a positive year-over-year growth rate of 31.6%. The business is expected to report its next earnings results on Thursday, October 24th.

On average, analysts expect that Hilltop will report full year earnings of $1.89 per share for the current financial year, with EPS estimates ranging from $1.81 to $2.06. For the next year, analysts anticipate that the business will post earnings of $1.92 per share, with EPS estimates ranging from $1.72 to $2.26. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Hilltop.

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

A number of research analysts have weighed in on the company. TheStreet raised Hilltop from a “c+” rating to a “b-” rating in a report on Friday, July 19th. Zacks Investment Research raised Hilltop from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Tuesday, April 30th. Finally, Stephens reissued a “hold” rating and issued a $22.00 target price on shares of Hilltop in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Hilltop presently has a consensus rating of “Buy” and a consensus target price of $22.50.

In other Hilltop news, insider Hill A. Feinberg sold 40,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $20.26, for a total value of $810,400.00. Following the transaction, the insider now owns 809,153 shares of the company’s stock, valued at $16,393,439.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 21.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. NumerixS Investment Technologies Inc bought a new position in shares of Hilltop in the second quarter worth about $26,000. TCG Advisors LP bought a new position in shares of Hilltop in the first quarter worth about $29,000. Public Employees Retirement System of Ohio raised its stake in shares of Hilltop by 87.0% in the second quarter. Public Employees Retirement System of Ohio now owns 1,404 shares of the financial services provider’s stock worth $30,000 after buying an additional 653 shares during the period. C M Bidwell & Associates Ltd. bought a new position in shares of Hilltop in the second quarter worth about $40,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Hilltop in the second quarter worth about $54,000. 62.09% of the stock is currently owned by institutional investors.

HTH stock traded up $0.54 during trading on Monday, reaching $23.20. The stock had a trading volume of 536,579 shares, compared to its average volume of 466,594. Hilltop has a 52 week low of $16.43 and a 52 week high of $23.42. The stock’s 50 day moving average is $21.95 and its two-hundred day moving average is $20.10. The company has a current ratio of 0.99, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.06 billion, a PE ratio of 18.13 and a beta of 0.88.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is 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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