$0.43 EPS Expected for Hilltop Holdings Inc. (HTH) This Quarter
Wall Street brokerages forecast that Hilltop Holdings Inc. (NYSE:HTH) will post earnings of $0.43 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hilltop Holdings’ earnings, with estimates ranging from $0.38 to $0.46. Hilltop Holdings posted earnings per share of $0.32 in the same quarter last year, which would suggest a positive year over year growth rate of 34.4%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Hilltop Holdings will report full-year earnings of $1.63 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.64. For the next year, analysts anticipate that the business will post earnings of $1.92 per share, with EPS estimates ranging from $1.85 to $2.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Hilltop Holdings.
Hilltop Holdings (NYSE:HTH) last posted its earnings results on Tuesday, April 25th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.07. The business had revenue of $363.54 million during the quarter, compared to the consensus estimate of $393.23 million. Hilltop Holdings had a net margin of 8.33% and a return on equity of 7.81%. During the same period in the previous year, the firm earned $0.28 EPS.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Hilltop Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, July 4th. Stephens set a $31.00 price target on shares of Hilltop Holdings and gave the company a “buy” rating in a report on Monday, June 26th. BidaskClub lowered shares of Hilltop Holdings from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. ValuEngine raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Piper Jaffray Companies lowered shares of Hilltop Holdings from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.08.
Hilltop Holdings (NYSE HTH) traded up 0.19% during mid-day trading on Wednesday, reaching $26.17. 93,528 shares of the company were exchanged. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 17.84 and a beta of 1.03. Hilltop Holdings has a 12-month low of $21.04 and a 12-month high of $30.60. The company’s 50 day moving average price is $25.80 and its 200-day moving average price is $27.47.
In other news, insider Jerry Schaffner sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $25.14, for a total value of $188,550.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Todd Salmans sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $28.12, for a total transaction of $674,880.00. Following the completion of the transaction, the insider now owns 26,242 shares in the company, valued at approximately $737,925.04. The disclosure for this sale can be found here. Insiders have sold a total of 206,369 shares of company stock worth $5,607,917 over the last three months. Insiders own 22.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Investment Management Group LLC increased its position in shares of Hilltop Holdings by 7.9% in the first quarter. Stephens Investment Management Group LLC now owns 1,670,174 shares of the financial services provider’s stock worth $45,880,000 after buying an additional 122,686 shares during the period. Norges Bank purchased a new position in shares of Hilltop Holdings during the fourth quarter worth about $33,290,000. Stifel Financial Corp increased its position in shares of Hilltop Holdings by 56.1% in the first quarter. Stifel Financial Corp now owns 321,989 shares of the financial services provider’s stock worth $8,856,000 after buying an additional 115,740 shares during the period. Creative Planning increased its position in shares of Hilltop Holdings by 41,628.6% in the first quarter. Creative Planning now owns 23,368 shares of the financial services provider’s stock worth $642,000 after buying an additional 23,312 shares during the period. Finally, Highbridge Capital Management LLC increased its position in shares of Hilltop Holdings by 129.5% in the fourth quarter. Highbridge Capital Management LLC now owns 43,579 shares of the financial services provider’s stock worth $1,298,000 after buying an additional 24,590 shares during the period. Hedge funds and other institutional investors own 55.80% 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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