FY2024 EPS Estimates for Hilltop Raised by Zacks Research

Hilltop Holdings Inc. (NYSE:HTH) – Equities researchers at Zacks Research upped their FY2024 earnings per share estimates for shares of Hilltop in a research note issued on Monday, November 18th. Zacks Research analyst R. Department now expects that the financial services provider will earn $1.46 per share for the year, up from their prior forecast of $1.37. The consensus estimate for Hilltop’s current full-year earnings is $1.46 per share. Zacks Research also issued estimates for Hilltop’s Q4 2024 earnings at $0.27 EPS and Q3 2025 earnings at $0.42 EPS.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.37 by $0.09. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. The business had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. During the same period in the prior year, the company posted $0.57 earnings per share.

A number of other equities research analysts also recently weighed in on the stock. StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upped their target price on Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Finally, Stephens raised their price target on Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hilltop presently has a consensus rating of “Hold” and an average target price of $34.50.

Hilltop Stock Down 0.2 %

NYSE HTH opened at $31.73 on Wednesday. The firm has a 50-day moving average price of $31.74 and a two-hundred day moving average price of $31.52. Hilltop has a 12-month low of $28.58 and a 12-month high of $35.66. The company has a market capitalization of $2.06 billion, a P/E ratio of 19.47 and a beta of 1.14.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, November 8th. Hilltop’s payout ratio is presently 41.72%.

Insiders Place Their Bets

In related news, Director Hill A. Feinberg sold 17,157 shares of Hilltop stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $32.99, for a total transaction of $566,009.43. Following the sale, the director now directly owns 544,979 shares of the company’s stock, valued at approximately $17,978,857.21. The trade was a 3.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the completion of the transaction, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at approximately $2,535,362.28. The trade was a 28.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 29.30% of the company’s stock.

Institutional Trading of Hilltop

Hedge funds and other institutional investors have recently modified their holdings of the stock. 1620 Investment Advisors Inc. bought a new position in shares of Hilltop in the 2nd quarter valued at $28,000. Sunbelt Securities Inc. bought a new position in Hilltop in the third quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hilltop during the third quarter valued at about $49,000. Innealta Capital LLC bought a new stake in shares of Hilltop during the second quarter worth about $69,000. Finally, FMR LLC increased its stake in shares of Hilltop by 36.7% in the third quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock valued at $106,000 after buying an additional 885 shares during the period. Institutional investors own 57.13% of the company’s stock.

About Hilltop

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.