Hilltop (NYSE:HTH) Issues Quarterly Earnings Results

Hilltop (NYSE:HTH) announced its quarterly earnings results on Thursday. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.28 by $0.14, Briefing.com reports. Hilltop had a return on equity of 5.27% and a net margin of 6.95%. The company had revenue of $285.24 million for the quarter, compared to the consensus estimate of $274.55 million. During the same quarter last year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year.

Hilltop Trading Up 3.3 %

Shares of Hilltop stock opened at $30.00 on Friday. The company’s fifty day simple moving average is $30.54 and its 200-day simple moving average is $30.95. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 17.54 and a beta of 1.12. Hilltop has a 1 year low of $26.78 and a 1 year high of $35.66.

Hilltop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.68 annualized dividend and a dividend yield of 2.27%. Hilltop’s payout ratio is 39.77%.

Wall Street Analyst Weigh In

HTH has been the topic of several analyst reports. TheStreet downgraded Hilltop from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th. Raymond James upgraded Hilltop from an “underperform” rating to a “market perform” rating in a report on Friday, January 5th.

Insider Transactions at Hilltop

In other news, Director Hill A. Feinberg sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $31.63, for a total value of $94,890.00. Following the sale, the director now owns 13,776 shares in the company, valued at $435,734.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Hill A. Feinberg sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $31.63, for a total value of $94,890.00. Following the completion of the transaction, the director now directly owns 13,776 shares of the company’s stock, valued at $435,734.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Martin Bradley Winges sold 30,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $30.83, for a total value of $924,900.00. Following the completion of the transaction, the chief executive officer now directly owns 98,934 shares of the company’s stock, valued at $3,050,135.22. The disclosure for this sale can be found here. 28.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HTH. Vanguard Group Inc. lifted its holdings in shares of Hilltop by 1.7% during the first quarter. Vanguard Group Inc. now owns 6,551,143 shares of the financial services provider’s stock valued at $192,605,000 after acquiring an additional 109,157 shares during the period. State Street Corp lifted its holdings in shares of Hilltop by 8.9% during the first quarter. State Street Corp now owns 3,571,566 shares of the financial services provider’s stock valued at $105,004,000 after acquiring an additional 291,456 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Hilltop by 0.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,567,251 shares of the financial services provider’s stock valued at $46,077,000 after acquiring an additional 8,634 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Hilltop by 2.9% during the first quarter. Geode Capital Management LLC now owns 904,157 shares of the financial services provider’s stock valued at $26,826,000 after acquiring an additional 25,268 shares during the period. Finally, Capital Research Global Investors lifted its holdings in shares of Hilltop by 5.9% during the first quarter. Capital Research Global Investors now owns 900,000 shares of the financial services provider’s stock valued at $26,460,000 after acquiring an additional 50,000 shares during the period. 57.13% of the stock is owned by institutional investors.

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.