Hilltop Holdings Inc. (HTH) to Post Q3 2017 Earnings of $0.46 Per Share, SunTrust Banks Forecasts
Hilltop Holdings Inc. (NYSE:HTH) – Investment analysts at SunTrust Banks lowered their Q3 2017 earnings per share estimates for Hilltop Holdings in a note issued to investors on Monday. SunTrust Banks analyst M. Young now anticipates that the financial services provider will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.50.
HTH has been the topic of several other reports. Zacks Investment Research upgraded shares of Hilltop Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Stephens upgraded shares of Hilltop Holdings from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $31.00 to $47.00 in a report on Thursday, August 3rd. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Hilltop Holdings in a report on Thursday, August 10th. BidaskClub lowered shares of Hilltop Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, ValuEngine upgraded shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $32.08.
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Shares of Hilltop Holdings (HTH) opened at 24.98 on Tuesday. The company has a 50-day moving average of $24.53 and a 200-day moving average of $26.06. Hilltop Holdings has a 52-week low of $21.47 and a 52-week high of $30.60. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 13.98 and a beta of 1.02.
Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.20. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. The company had revenue of $460.67 million for the quarter, compared to analyst estimates of $431.80 million. During the same period in the prior year, the company posted $0.32 EPS.
Several hedge funds have recently modified their holdings of the company. Amalgamated Bank lifted its holdings in shares of Hilltop Holdings by 0.8% in the 2nd quarter. Amalgamated Bank now owns 9,501 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 72 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Hilltop Holdings by 2.1% in the 2nd quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 186 shares during the last quarter. Rothschild Asset Management Inc. lifted its holdings in shares of Hilltop Holdings by 0.3% in the 2nd quarter. Rothschild Asset Management Inc. now owns 79,518 shares of the financial services provider’s stock worth $2,084,000 after acquiring an additional 244 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Hilltop Holdings by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 26,051 shares of the financial services provider’s stock worth $683,000 after acquiring an additional 317 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hilltop Holdings by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 56.32% of the company’s stock.
In other news, insider Hill A. Feinberg sold 225,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $25.82, for a total value of $5,809,500.00. Following the transaction, the insider now directly owns 1,083,878 shares in the company, valued at approximately $27,985,729.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles Clifton Robinson acquired 20,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $24.97 per share, for a total transaction of $499,400.00. Following the completion of the acquisition, the director now owns 1,255,024 shares in the company, valued at approximately $31,337,949.28. The disclosure for this purchase can be found here. Corporate insiders own 22.60% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.96%. Hilltop Holdings’s dividend payout ratio is currently 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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