Hilltop Holdings Inc. (HTH) Forecasted to Post Q3 2017 Earnings of $0.50 Per Share
Hilltop Holdings Inc. (NYSE:HTH) – Stock analysts at SunTrust Banks cut their Q3 2017 earnings estimates for Hilltop Holdings in a research note issued to investors on Monday. SunTrust Banks analyst M. Young now anticipates that the financial services provider will post earnings of $0.50 per share for the quarter, down from their prior estimate of $0.54.
Several other equities analysts have also weighed in on the stock. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Hilltop Holdings in a research report on Thursday, August 10th. UBS AG lowered shares of Hilltop Holdings from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Hilltop Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BidaskClub lowered shares of Hilltop Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Stephens raised shares of Hilltop Holdings from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $31.00 to $47.00 in a research report on Thursday, August 3rd. Four equities 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 company’s stock. Hilltop Holdings presently has a consensus rating of “Hold” and an average target price of $32.08.
Shares of Hilltop Holdings (NYSE HTH) opened at 23.78 on Tuesday. Hilltop Holdings has a one year low of $21.04 and a one year high of $30.60. The firm has a market cap of $2.29 billion, a P/E ratio of 13.31 and a beta of 1.01. The stock’s 50 day moving average is $25.65 and its 200-day moving average is $26.61.
Hilltop Holdings (NYSE:HTH) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.20. The business had revenue of $460.67 million during the quarter, compared to the consensus estimate of $431.80 million. Hilltop Holdings had a net margin of 13.63% and a return on equity of 13.27%. During the same quarter last year, the firm earned $0.32 EPS.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Hilltop Holdings by 26,007.9% in the first 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 in the last quarter. FMR LLC raised its position in Hilltop Holdings by 65.9% in the first quarter. FMR LLC now owns 6,269,474 shares of the financial services provider’s stock worth $172,222,000 after buying an additional 2,491,245 shares in the last quarter. Bank of New York Mellon Corp raised its position in Hilltop Holdings by 98.5% in the first quarter. Bank of New York Mellon Corp now owns 772,163 shares of the financial services provider’s stock worth $21,211,000 after buying an additional 383,160 shares in the last quarter. State Street Corp raised its position in Hilltop Holdings by 18.3% in the first 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 in the last quarter. Finally, Vanguard Group Inc. raised its position in Hilltop Holdings by 4.4% in the first quarter. Vanguard Group Inc. now owns 5,880,222 shares of the financial services provider’s stock worth $161,530,000 after buying an additional 249,759 shares in the last quarter. 56.32% of the stock is currently owned by institutional investors.
In other news, Director J Markham Green sold 4,389 shares of Hilltop Holdings stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $25.98, for a total value of $114,026.22. Following the transaction, the director now owns 114,763 shares of the company’s stock, valued at $2,981,542.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Hill A. Feinberg sold 225,000 shares of Hilltop Holdings stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $25.82, for a total transaction of $5,809,500.00. Following the completion of the transaction, the insider now directly owns 1,083,878 shares in the company, valued at approximately $27,985,729.96. The disclosure for this sale can be found here. In the last three months, insiders sold 236,889 shares of company stock worth $6,112,076. Insiders own 22.50% of the company’s stock.
The company also recently declared 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, August 11th. Hilltop Holdings’s dividend payout ratio is 13.41%.
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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