Hilltop Holdings Inc. (NYSE:HTH) – Equities research analysts at Piper Jaffray Companies increased their Q4 2018 earnings per share estimates for shares of Hilltop in a research note issued on Sunday, October 28th. Piper Jaffray Companies analyst B. Rabatin now anticipates that the financial services provider will post earnings of $0.56 per share for the quarter, up from their prior forecast of $0.51. Piper Jaffray Companies also issued estimates for Hilltop’s Q3 2019 earnings at $0.51 EPS and FY2019 earnings at $1.87 EPS.
Several other research analysts have also recently commented on the stock. SunTrust Banks lowered their price target on shares of Hilltop from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a report on Monday. Stephens set a $24.00 price target on shares of Hilltop and gave the stock a “hold” rating in a report on Friday, October 26th. Zacks Investment Research cut shares of Hilltop from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 28th. Finally, ValuEngine upgraded shares of Hilltop from a “strong sell” rating to a “sell” rating in a report on Friday, August 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Hilltop presently has an average rating of “Hold” and an average price target of $26.60.
Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.06). Hilltop had a return on equity of 7.00% and a net margin of 6.55%. The firm had revenue of $380.04 million for the quarter, compared to analyst estimates of $385.07 million.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.41%. Hilltop’s dividend payout ratio is presently 16.87%.
In other news, insider Keith E. Bornemann sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $20.68, for a total transaction of $31,020.00. Following the completion of the sale, the insider now owns 8,270 shares in the company, valued at approximately $171,023.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 22.30% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of HTH. Millennium Management LLC lifted its position in shares of Hilltop by 215.2% during the 2nd quarter. Millennium Management LLC now owns 1,929,620 shares of the financial services provider’s stock worth $42,587,000 after buying an additional 1,317,402 shares during the last quarter. FMR LLC lifted its position in shares of Hilltop by 13.3% during the 2nd quarter. FMR LLC now owns 6,670,431 shares of the financial services provider’s stock worth $147,216,000 after buying an additional 785,600 shares during the last quarter. Northern Trust Corp lifted its position in shares of Hilltop by 57.4% during the 2nd quarter. Northern Trust Corp now owns 1,454,311 shares of the financial services provider’s stock worth $32,095,000 after buying an additional 530,298 shares during the last quarter. CDAM UK Ltd lifted its position in shares of Hilltop by 20.3% during the 2nd quarter. CDAM UK Ltd now owns 2,345,728 shares of the financial services provider’s stock worth $51,770,000 after buying an additional 395,939 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Hilltop by 4.2% during the 2nd quarter. BlackRock Inc. now owns 5,059,875 shares of the financial services provider’s stock worth $111,670,000 after buying an additional 204,492 shares during the last quarter. Institutional investors and hedge funds own 59.37% 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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