Brokerages Expect Hilltop Holdings Inc. (NYSE:HTH) Will Announce Earnings of $0.50 Per Share

Equities analysts expect that Hilltop Holdings Inc. (NYSE:HTH) will announce earnings per share (EPS) of $0.50 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Hilltop’s earnings, with estimates ranging from $0.40 to $0.58. Hilltop posted earnings of $0.30 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The firm is expected to report its next earnings report on Thursday, January 23rd.

According to Zacks, analysts expect that Hilltop will report full year earnings of $2.18 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $2.47. For the next year, analysts anticipate that the firm will post earnings of $2.02 per share, with EPS estimates ranging from $1.88 to $2.37. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Hilltop.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.33. Hilltop had a net margin of 11.56% and a return on equity of 10.05%. The firm had revenue of $454.61 million for the quarter, compared to analyst estimates of $406.30 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share.

A number of brokerages recently weighed in on HTH. Raymond James upgraded shares of Hilltop from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Thursday, August 29th. ValuEngine upgraded shares of Hilltop from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Stephens restated a “hold” rating and set a $27.00 target price on shares of Hilltop in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $23.90.

In related news, insider Darren E. Parmenter sold 4,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $24.00, for a total transaction of $96,000.00. Following the transaction, the insider now directly owns 35,778 shares in the company, valued at $858,672. The sale was disclosed in a filing with the SEC, which is available through this link. 21.20% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc acquired a new position in shares of Hilltop in the second quarter valued at $26,000. Public Employees Retirement System of Ohio increased its holdings in shares of Hilltop by 87.0% in the second quarter. Public Employees Retirement System of Ohio now owns 1,404 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 653 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Hilltop in the second quarter valued at $40,000. Point72 Hong Kong Ltd acquired a new position in shares of Hilltop in the second quarter valued at $54,000. Finally, Garrett Wealth Advisory Group LLC acquired a new position in shares of Hilltop in the third quarter valued at $86,000. Hedge funds and other institutional investors own 63.25% of the company’s stock.

Shares of HTH stock traded up $0.42 during trading on Wednesday, reaching $24.36. The company’s stock had a trading volume of 377,767 shares, compared to its average volume of 461,508. The business has a fifty day moving average price of $24.25 and a 200-day moving average price of $22.70. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 19.03 and a beta of 0.85. Hilltop has a one year low of $16.43 and a one year high of $25.61.

The company also recently announced a dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, November 14th. Hilltop’s payout ratio is 25.00%.

About Hilltop

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The 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 and industrial loans, and term and construction finance.

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