Zacks: Brokerages Expect Hilltop Holdings Inc. (HTH) to Announce $0.43 EPS
Brokerages expect Hilltop Holdings Inc. (NYSE:HTH) to announce earnings of $0.43 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Hilltop’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.34. Hilltop reported earnings of $0.44 per share in the same quarter last year, which would indicate a negative year over year growth rate of 2.3%. The business is scheduled to issue its next quarterly earnings report on Thursday, January 24th.
On average, analysts expect that Hilltop will report full-year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.54. For the next year, analysts anticipate that the business will report earnings of $1.69 per share, with EPS estimates ranging from $1.60 to $1.87. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Hilltop.
Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.06). The company had revenue of $380.04 million during the quarter, compared to analysts’ expectations of $385.07 million. Hilltop had a net margin of 6.55% and a return on equity of 7.00%.
Hilltop stock traded down $0.26 during trading hours on Monday, hitting $17.96. The company had a trading volume of 43,744 shares, compared to its average volume of 379,301. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 10.82 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.98 and a quick ratio of 0.85. Hilltop has a 1 year low of $17.16 and a 1 year high of $28.32.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were issued a $0.07 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.56%. Hilltop’s dividend payout ratio is currently 16.87%.
In other news, insider Hill A. Feinberg sold 51,000 shares of the business’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $19.87, for a total value of $1,013,370.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 22.30% of the company’s stock.
Several large investors have recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Hilltop by 2.4% in the 3rd quarter. FMR LLC now owns 6,832,993 shares of the financial services provider’s stock valued at $137,822,000 after purchasing an additional 162,562 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Hilltop by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,368,046 shares of the financial services provider’s stock valued at $128,443,000 after purchasing an additional 78,963 shares in the last quarter. BlackRock Inc. raised its stake in shares of Hilltop by 4.2% during the 2nd quarter. BlackRock Inc. now owns 5,059,875 shares of the financial services provider’s stock worth $111,670,000 after acquiring an additional 204,492 shares in the last quarter. CDAM UK Ltd raised its stake in shares of Hilltop by 20.3% during the 2nd quarter. CDAM UK Ltd now owns 2,345,728 shares of the financial services provider’s stock worth $51,770,000 after acquiring an additional 395,939 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Hilltop by 215.2% during the 2nd quarter. Millennium Management LLC now owns 1,929,620 shares of the financial services provider’s stock worth $42,587,000 after acquiring an additional 1,317,402 shares in the last quarter. Institutional investors and hedge funds own 59.99% of the company’s stock.
Hilltop Company Profile
Hilltop Holdings Inc provides banking and financial products and services. Its 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, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial, industrial, and single family residential mortgage loans.
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