Hilltop (NYSE:HTH) Releases Earnings Results, Beats Expectations By $0.14 EPS

Hilltop (NYSE:HTHGet Free Report) posted its quarterly earnings results on Friday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14, Briefing.com reports. Hilltop had a net margin of 6.95% and a return on equity of 5.27%. The company had revenue of $285.24 million during the quarter, compared to the consensus estimate of $274.55 million. During the same period last year, the firm earned $0.40 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis.

Hilltop Price Performance

Shares of Hilltop stock opened at $29.99 on Friday. The company has a market capitalization of $1.95 billion, a P/E 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. The business has a 50 day moving average price of $30.54 and a 200 day moving average price of $30.98.

Hilltop Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently issued reports on HTH shares. TheStreet downgraded Hilltop from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th. Raymond James upgraded Hilltop from an “underperform” rating to a “market perform” rating in a research report on Friday, January 5th.

Get Our Latest Stock Report on HTH

Insiders Place Their Bets

In other Hilltop news, Director Hill A. Feinberg sold 3,000 shares of Hilltop stock in a transaction that occurred 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 completion of the sale, the director now directly owns 13,776 shares of the company’s stock, valued at approximately $435,734.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hilltop news, Director Hill A. Feinberg sold 3,000 shares of Hilltop stock in a transaction that occurred 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 completion of the sale, the director now directly owns 13,776 shares of the company’s stock, valued at approximately $435,734.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martin Bradley Winges sold 30,000 shares of Hilltop stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $30.83, for a total transaction of $924,900.00. Following the completion of the sale, 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 owned by corporate insiders.

Institutional Trading of Hilltop

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Hilltop by 3.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,101 shares of the financial services provider’s stock valued at $1,307,000 after buying an additional 1,217 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Hilltop by 3,479.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 46,825 shares of the financial services provider’s stock valued at $1,649,000 after buying an additional 45,517 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Hilltop by 5.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 49,197 shares of the financial services provider’s stock valued at $1,732,000 after buying an additional 2,497 shares during the period. Barclays PLC grew its stake in shares of Hilltop by 31.7% during the 4th quarter. Barclays PLC now owns 112,629 shares of the financial services provider’s stock valued at $3,967,000 after buying an additional 27,109 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Hilltop by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 5,239,587 shares of the financial services provider’s stock valued at $184,486,000 after buying an additional 105,716 shares during the period. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Company Profile

(Get Free Report)

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.

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Earnings History for Hilltop (NYSE:HTH)

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