Hilltop Holdings Inc. (NYSE:HTH) – Analysts at SunTrust Banks decreased their Q4 2018 EPS estimates for Hilltop in a research note issued to investors on Monday, October 29th. SunTrust Banks analyst M. Young now anticipates that the financial services provider will earn $0.34 per share for the quarter, down from their previous forecast of $0.44. SunTrust Banks currently has a “Buy” rating and a $24.00 target price on the stock. SunTrust Banks also issued estimates for Hilltop’s Q1 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.54 EPS and FY2019 earnings at $1.70 EPS.
Other analysts also recently issued research reports about the stock. Compass Point upgraded shares of Hilltop from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, July 31st. 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. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a report on Monday. Zacks Investment Research downgraded shares of Hilltop from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Finally, ValuEngine upgraded shares of Hilltop from a “strong sell” rating to a “sell” rating in a report on Friday, August 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $26.60.
Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.06). The firm had revenue of $380.04 million for the quarter, compared to analyst estimates of $385.07 million. Hilltop had a return on equity of 7.00% and a net margin of 6.55%.
A number of institutional investors have recently bought and sold shares of the stock. FMR LLC increased its holdings in Hilltop by 13.3% in the 2nd quarter. FMR LLC now owns 6,670,431 shares of the financial services provider’s stock valued at $147,216,000 after purchasing an additional 785,600 shares during the last quarter. BlackRock Inc. increased its holdings in Hilltop by 4.2% in the 2nd quarter. BlackRock Inc. now owns 5,059,875 shares of the financial services provider’s stock valued at $111,670,000 after purchasing an additional 204,492 shares during the last quarter. CDAM UK Ltd increased its holdings in Hilltop by 20.3% in the 2nd quarter. CDAM UK Ltd now owns 2,345,728 shares of the financial services provider’s stock valued at $51,770,000 after purchasing an additional 395,939 shares during the last quarter. Millennium Management LLC increased its holdings in Hilltop by 215.2% in the 2nd quarter. Millennium Management LLC now owns 1,929,620 shares of the financial services provider’s stock valued at $42,587,000 after purchasing an additional 1,317,402 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Hilltop by 57.4% in the 2nd quarter. Northern Trust Corp now owns 1,454,311 shares of the financial services provider’s stock valued at $32,095,000 after purchasing an additional 530,298 shares during the last quarter. Hedge funds and other institutional investors own 59.37% of the company’s stock.
In other news, insider Keith E. Bornemann sold 1,500 shares of the firm’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 owned by company insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.41%. Hilltop’s dividend payout ratio is currently 16.87%.
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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