Hilltop Holdings Inc. to Post Q3 2017 Earnings of $0.50 Per Share, SunTrust Banks Forecasts (HTH)
Hilltop Holdings Inc. (NYSE:HTH) – Investment analysts at SunTrust Banks cut their Q3 2017 earnings per share (EPS) estimates for Hilltop Holdings in a research note issued on Monday. SunTrust Banks analyst M. Young now expects that the financial services provider will post earnings of $0.50 per share for the quarter, down from their previous forecast of $0.54.
Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.20. Hilltop Holdings had a return on equity of 9.39% and a net margin of 10.02%. The firm had revenue of $460.67 million for the quarter, compared to the consensus estimate of $431.80 million. During the same quarter in the prior year, the business earned $0.32 EPS.
A number of other equities research analysts have also issued reports on HTH. Compass Point raised shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price target on the stock in a report on Tuesday, August 1st. Zacks Investment Research lowered shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub lowered shares of Hilltop Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. UBS AG lowered shares of Hilltop Holdings from a “market perform” rating to an “underperform” rating in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Hilltop Holdings in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Hilltop Holdings has a consensus rating of “Hold” and a consensus target price of $32.08.
Hilltop Holdings (NYSE HTH) opened at 23.89 on Tuesday. The firm’s 50-day moving average price is $25.65 and its 200 day moving average price is $26.61. The firm has a market cap of $2.30 billion, a P/E ratio of 13.37 and a beta of 1.01. Hilltop Holdings has a 12-month low of $21.04 and a 12-month high of $30.60.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.24 annualized dividend and a dividend yield of 1.00%. Hilltop Holdings’s dividend payout ratio is 13.41%.
In related news, Director Charles Clifton Robinson bought 20,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was purchased at an average cost of $24.97 per share, with a total value of $499,400.00. Following the transaction, the director now owns 1,255,024 shares in the company, valued at approximately $31,337,949.28. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J Markham Green sold 4,389 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $25.98, for a total transaction of $114,026.22. Following the completion of the sale, the director now directly owns 114,763 shares of the company’s stock, valued at $2,981,542.74. The disclosure for this sale can be found here. Company insiders own 22.50% of the company’s stock.
Several large investors have recently bought and sold shares of HTH. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hilltop Holdings by 93.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,760 shares in the last quarter. First Interstate Bank boosted its stake in Hilltop Holdings by 50.1% in the first quarter. First Interstate Bank now owns 3,895 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,300 shares in the last quarter. Founders Capital Management bought a new stake in Hilltop Holdings during the first quarter valued at approximately $118,000. Victory Capital Management Inc. boosted its stake in Hilltop Holdings by 32.9% in the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,398 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in Hilltop Holdings during the first quarter valued at approximately $178,000. 56.32% of the stock is owned by hedge funds and other institutional investors.
Hilltop Holdings Company Profile
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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