Analysts Expect Hilltop Holdings Inc. (HTH) to Post $0.44 Earnings Per Share
Analysts expect that Hilltop Holdings Inc. (NYSE:HTH) will post earnings per share of $0.44 for the current quarter, Zacks reports. Two analysts have provided estimates for Hilltop Holdings’ earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.46. Hilltop Holdings posted earnings of $0.53 per share during the same quarter last year, which would suggest a negative year over year growth rate of 17%. The firm is expected to issue its next earnings report after the market closes on Thursday, October 26th.
According to Zacks, analysts expect that Hilltop Holdings will report full-year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.43 to $1.59. For the next financial year, analysts forecast that the firm will report earnings of $1.83 per share, with EPS estimates ranging from $1.82 to $1.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Hilltop Holdings.
Hilltop Holdings (NYSE:HTH) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.20. Hilltop Holdings had a return on equity of 9.39% and a net margin of 10.02%. The firm had revenue of $460.67 million during the quarter, compared to the consensus estimate of $431.80 million. During the same quarter in the previous year, the company posted $0.32 earnings per share.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Hilltop Holdings from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Tuesday, July 4th. BidaskClub downgraded Hilltop Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine upgraded Hilltop Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. UBS AG downgraded Hilltop Holdings from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of Hilltop Holdings in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.08.
Shares of Hilltop Holdings (NYSE:HTH) opened at 26.33 on Tuesday. The firm has a market cap of $2.54 billion, a P/E ratio of 14.73 and a beta of 1.00. The company’s 50 day moving average price is $24.72 and its 200-day moving average price is $25.86. Hilltop Holdings has a 12-month low of $21.47 and a 12-month high of $30.60.
In other Hilltop Holdings news, insider Hill A. Feinberg sold 225,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $25.82, for a total transaction of $5,809,500.00. Following the completion of the sale, the insider now directly owns 1,083,878 shares of the company’s stock, valued at approximately $27,985,729.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Markham Green sold 4,389 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $25.98, for a total value of $114,026.22. Following the sale, the director now directly owns 114,763 shares of the company’s stock, valued at $2,981,542.74. The disclosure for this sale can be found here. 22.50% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Hilltop Holdings by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 348 shares during the period. Victory Capital Management Inc. lifted its position in Hilltop Holdings by 32.9% during the 1st quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,398 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Hilltop Holdings during the 1st quarter worth approximately $178,000. SG Americas Securities LLC lifted its position in Hilltop Holdings by 64.5% during the 1st quarter. SG Americas Securities LLC now owns 8,970 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 3,518 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Hilltop Holdings during the 2nd quarter worth approximately $241,000. 56.32% of the stock is owned by institutional investors.
About Hilltop Holdings
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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