Hilltop (HTH) Set to Announce Earnings on Thursday

Hilltop (NYSE:HTH) is scheduled to be announcing its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $283.22 million. During the same period in the previous year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts expect Hilltop to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hilltop Trading Up 0.3 %

NYSE HTH opened at $30.80 on Wednesday. Hilltop has a 1-year low of $26.78 and a 1-year high of $35.66. The company has a 50 day moving average of $31.85 and a 200-day moving average of $31.28. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 18.01 and a beta of 1.13.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.21%. Hilltop’s payout ratio is 39.77%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price objective on shares of Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Finally, Stephens boosted their price objective on shares of Hilltop from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $34.50.

Insider Buying and Selling at Hilltop

In other Hilltop news, Director Hill A. Feinberg sold 17,157 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $32.99, for a total transaction of $566,009.43. Following the completion of the transaction, the director now directly owns 544,979 shares in the company, valued at $17,978,857.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 28.90% of the company’s stock.

Hilltop Company Profile

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. 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, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.