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

Hilltop (NYSE:HTHGet Free Report) released its earnings results on Thursday. 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. The business had revenue of $285.24 million for the quarter, compared to the consensus estimate of $274.55 million. Hilltop had a return on equity of 5.27% and a net margin of 6.95%. Hilltop’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share.

Hilltop Stock Up 3.2 %

Shares of NYSE HTH opened at $29.99 on Friday. The business’s 50 day moving average price is $30.54 and its two-hundred day moving average price is $30.98. The company has a market cap of $1.95 billion, a PE ratio of 17.54 and a beta of 1.12. Hilltop has a twelve month low of $26.78 and a twelve month high of $35.66.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 9th. Hilltop’s dividend payout ratio (DPR) is presently 39.77%.

Insiders Place Their Bets

In other Hilltop news, CEO Martin Bradley Winges sold 30,000 shares of the business’s 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 transaction, the chief executive officer now owns 98,934 shares of the company’s stock, valued at $3,050,135.22. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Martin Bradley Winges sold 30,000 shares of the business’s 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 owns 98,934 shares in the company, valued at $3,050,135.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Hill A. Feinberg sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $31.63, for a total value of $94,890.00. Following the sale, the director now owns 13,776 shares of the company’s stock, valued at approximately $435,734.88. The disclosure for this sale can be found here. Company insiders own 28.90% of the company’s stock.

Institutional Investors Weigh In On Hilltop

A number of institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Hilltop by 12.4% during the third quarter. Public Employees Retirement System of Ohio now owns 3,860 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 425 shares during the period. Deutsche Bank AG boosted its stake in shares of Hilltop by 0.7% in the fourth quarter. Deutsche Bank AG now owns 64,239 shares of the financial services provider’s stock valued at $1,928,000 after buying an additional 432 shares during the period. First Trust Advisors LP boosted its stake in shares of Hilltop by 0.4% in the fourth quarter. First Trust Advisors LP now owns 107,313 shares of the financial services provider’s stock valued at $3,778,000 after buying an additional 432 shares during the period. FMR LLC boosted its stake in shares of Hilltop by 31.5% in the first quarter. FMR LLC now owns 1,888 shares of the financial services provider’s stock valued at $56,000 after buying an additional 452 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of Hilltop by 16.7% in the second quarter. Captrust Financial Advisors now owns 3,192 shares of the financial services provider’s stock valued at $85,000 after buying an additional 456 shares during the period. Institutional investors own 57.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Raymond James raised Hilltop from an “underperform” rating to a “market perform” rating in a research report on Friday, January 5th. TheStreet downgraded Hilltop from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

Check Out Our Latest Stock Report on Hilltop

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.

Further Reading

Earnings History for Hilltop (NYSE:HTH)

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