Zacks: Brokerages Anticipate Hilltop Holdings Inc. (HTH) Will Post Quarterly Sales of $431.77 Million
Equities analysts expect Hilltop Holdings Inc. (NYSE:HTH) to announce sales of $431.77 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hilltop Holdings’ earnings, with the lowest sales estimate coming in at $420.60 million and the highest estimate coming in at $442.50 million. Hilltop Holdings reported sales of $453.63 million in the same quarter last year, which indicates a negative year-over-year growth rate of 4.8%. The business is expected to report its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Hilltop Holdings will report full-year sales of $431.77 million for the current fiscal year, with estimates ranging from $1.62 billion to $1.63 billion. For the next fiscal year, analysts expect that the company will post sales of $1.69 billion per share, with estimates ranging from $1.67 billion to $1.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Hilltop Holdings.
Hilltop Holdings (NYSE:HTH) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.20. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. The business had revenue of $460.67 million during the quarter, compared to analyst estimates of $431.80 million. During the same period last year, the business posted $0.32 earnings per share.
A number of equities analysts have recently issued reports on HTH shares. Zacks Investment Research downgraded shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a research note on Monday, April 10th. TheStreet upgraded shares of Hilltop Holdings from a “c+” rating to a “b” rating in a research note on Wednesday, May 3rd. Piper Jaffray Companies downgraded shares of Hilltop Holdings from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Wednesday, May 10th. ValuEngine upgraded shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Hilltop Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Hilltop Holdings has an average rating of “Hold” and a consensus price target of $32.08.
Shares of Hilltop Holdings (NYSE:HTH) traded up 2.43% during mid-day trading on Friday, reaching $26.14. 551,236 shares of the company’s stock traded hands. Hilltop Holdings has a 12-month low of $21.04 and a 12-month high of $30.60. The stock has a 50-day moving average price of $25.97 and a 200 day moving average price of $26.86. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 14.63 and a beta of 1.01.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, August 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.92%. Hilltop Holdings’s dividend payout ratio is presently 13.41%.
In other Hilltop Holdings news, Director Charles Clifton Robinson acquired 20,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of $24.97 per share, for a total transaction of $499,400.00. Following the completion of the purchase, the director now owns 1,255,024 shares in the company, valued at $31,337,949.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jerry Schaffner sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $25.14, for a total transaction of $188,550.00. The disclosure for this sale can be found here. 22.50% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of HTH. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hilltop Holdings by 93.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,760 shares during the last quarter. First Interstate Bank boosted its stake in Hilltop Holdings by 50.1% in the first quarter. First Interstate Bank now owns 3,895 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,300 shares during the last quarter. Founders Capital Management purchased a new stake in Hilltop Holdings during the first quarter worth approximately $118,000. Private Advisor Group LLC purchased a new stake in Hilltop Holdings during the first quarter worth approximately $287,000. Finally, Victory Capital Management Inc. boosted its stake in Hilltop Holdings by 32.9% in the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,398 shares during the last quarter. 56.72% of the stock is owned by institutional investors.
Hilltop Holdings Company Profile
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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