Brokers Issue Forecasts for Hilltop Holdings Inc.’s FY2019 Earnings (HTH)
Hilltop Holdings Inc. (NYSE:HTH) – Investment analysts at SunTrust Banks issued their FY2019 earnings per share estimates for Hilltop Holdings in a report issued on Sunday. SunTrust Banks analyst M. Young forecasts that the financial services provider will earn $1.75 per share for the year.
Other equities analysts also recently issued research reports about the stock. Compass Point raised shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price target for the company in a report on Tuesday, August 1st. Stephens set a $31.00 price target on shares of Hilltop Holdings and gave the company a “buy” rating in a report on Friday, July 28th. ValuEngine raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Hilltop Holdings presently has a consensus rating of “Hold” and an average price target of $33.30.
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Tuesday, November 14th. Hilltop Holdings’s payout ratio is 15.29%.
In related news, Director Charles Clifton Robinson acquired 10,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were purchased at an average price of $23.90 per share, for a total transaction of $239,000.00. Following the acquisition, the director now owns 1,265,024 shares in the company, valued at $30,234,073.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hill A. Feinberg sold 225,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $25.82, for a total value of $5,809,500.00. Following the sale, the insider now owns 1,083,878 shares in the company, valued at approximately $27,985,729.96. The disclosure for this sale can be found here. 22.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its holdings in Hilltop Holdings by 0.6% during the 2nd quarter. FMR LLC now owns 6,304,653 shares of the financial services provider’s stock worth $165,245,000 after buying an additional 35,179 shares during the period. Vanguard Group Inc. raised its holdings in Hilltop Holdings by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 5,909,111 shares of the financial services provider’s stock worth $154,877,000 after buying an additional 28,889 shares during the period. BlackRock Inc. raised its holdings in Hilltop Holdings by 26,007.9% during the 1st quarter. BlackRock Inc. now owns 4,980,856 shares of the financial services provider’s stock worth $136,824,000 after buying an additional 4,961,778 shares during the period. State Street Corp raised its holdings in Hilltop Holdings by 18.3% during the 1st quarter. State Street Corp now owns 2,198,523 shares of the financial services provider’s stock worth $60,393,000 after buying an additional 340,542 shares during the period. Finally, Northern Trust Corp raised its holdings in Hilltop Holdings by 0.9% during the 2nd quarter. Northern Trust Corp now owns 968,261 shares of the financial services provider’s stock worth $25,378,000 after buying an additional 8,696 shares during the period. Hedge funds and other institutional investors own 56.31% 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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