Hilltop (NYSE:HTH) Issues Quarterly Earnings Results

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

Hilltop Stock Up 3.2 %

Hilltop stock traded up $0.94 during mid-day trading on Friday, reaching $29.99. The company had a trading volume of 605,305 shares, compared to its average volume of 220,123. Hilltop has a 52 week low of $26.78 and a 52 week high of $35.66. The company has a 50 day moving average of $30.54 and a 200-day moving average of $30.98. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 17.54 and a beta of 1.12.

Hilltop Announces Dividend

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

Wall Street Analyst Weigh In

HTH has been the subject of several recent research reports. Raymond James raised shares of Hilltop from an “underperform” rating to a “market perform” rating in a research report on Friday, January 5th. TheStreet downgraded shares of Hilltop from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th.

Read Our Latest Analysis on HTH

Insider Buying and Selling at Hilltop

In other Hilltop news, Director Hill A. Feinberg sold 3,000 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Hilltop news, Director Hill A. Feinberg sold 3,000 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Martin Bradley Winges sold 30,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $30.83, for a total transaction of $924,900.00. Following the completion of the transaction, the chief executive officer now owns 98,934 shares of the company’s stock, valued at approximately $3,050,135.22. The disclosure for this sale can be found here. Insiders own 28.90% of the company’s stock.

Hedge Funds Weigh In On Hilltop

A number of hedge funds have recently made changes to their positions in HTH. Raymond James Financial Services Advisors Inc. increased its position in shares of Hilltop by 71.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 58,807 shares of the financial services provider’s stock worth $1,729,000 after purchasing an additional 24,537 shares in the last quarter. Bank of Montreal Can grew its holdings in Hilltop by 3.2% during the 1st quarter. Bank of Montreal Can now owns 17,046 shares of the financial services provider’s stock worth $520,000 after acquiring an additional 526 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Hilltop by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 34,727 shares of the financial services provider’s stock valued at $1,021,000 after purchasing an additional 12,608 shares during the last quarter. Rhumbline Advisers boosted its stake in Hilltop by 0.9% during the 1st quarter. Rhumbline Advisers now owns 176,100 shares of the financial services provider’s stock worth $5,177,000 after acquiring an additional 1,610 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Hilltop by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,418 shares of the financial services provider’s stock worth $1,541,000 after acquiring an additional 6,465 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

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.

See Also

Earnings History for Hilltop (NYSE:HTH)

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