$380.25 Million in Sales Expected for Hilltop Holdings Inc. (HTH) This Quarter
Equities analysts expect Hilltop Holdings Inc. (NYSE:HTH) to post $380.25 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Hilltop Holdings’ earnings, with the highest sales estimate coming in at $385.50 million and the lowest estimate coming in at $375.00 million. Hilltop Holdings reported sales of $413.25 million during the same quarter last year, which indicates a negative year-over-year growth rate of 8%. The firm is scheduled to announce its next earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Hilltop Holdings will report full year sales of $380.25 million for the current year, with estimates ranging from $1.59 billion to $1.60 billion. For the next financial year, analysts expect that the firm will post sales of $1.62 billion per share, with estimates ranging from $1.59 billion to $1.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Hilltop Holdings.
Several equities analysts have recently weighed in on HTH shares. BidaskClub downgraded shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Stephens set a $31.00 price target on shares of Hilltop Holdings and gave the stock a “buy” rating in a research note on Friday, July 28th. Compass Point raised shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price target on the stock in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Hilltop Holdings presently has an average rating of “Hold” and an average target price of $33.30.
Hilltop Holdings (HTH) opened at $23.45 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.99 and a quick ratio of 0.82. The firm has a market cap of $2,252.93, a PE ratio of 14.96 and a beta of 1.03. Hilltop Holdings has a 52 week low of $21.47 and a 52 week high of $30.60.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.02%. The ex-dividend date is Tuesday, November 14th. Hilltop Holdings’s payout ratio is currently 15.29%.
In other news, Director Charles Clifton Robinson acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average cost of $23.90 per share, for a total transaction of $239,000.00. Following the completion of the transaction, the director now owns 1,265,024 shares in the company, valued at $30,234,073.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Markham Green sold 4,389 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $25.98, for a total transaction of $114,026.22. Following the sale, the director now 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.
A number of institutional investors have recently added to or reduced their stakes in HTH. UBS Asset Management Americas Inc. increased its position in Hilltop Holdings by 53.4% during the first quarter. UBS Asset Management Americas Inc. now owns 50,170 shares of the financial services provider’s stock worth $1,378,000 after purchasing an additional 17,469 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Hilltop Holdings by 4.4% during the first quarter. Vanguard Group Inc. now owns 5,880,222 shares of the financial services provider’s stock valued at $161,530,000 after acquiring an additional 249,759 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Hilltop Holdings during the first quarter valued at about $1,769,000. BlackRock Inc. increased its position in shares of Hilltop Holdings by 26,007.9% during the first quarter. BlackRock Inc. now owns 4,980,856 shares of the financial services provider’s stock valued at $136,824,000 after acquiring an additional 4,961,778 shares during the last quarter. Finally, KCG Holdings Inc. increased its position in shares of Hilltop Holdings by 28.7% during the first quarter. KCG Holdings Inc. now owns 19,176 shares of the financial services provider’s stock valued at $527,000 after acquiring an additional 4,275 shares during the last quarter. Hedge funds and other institutional investors own 56.54% of the company’s stock.
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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