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

Hilltop (NYSE:HTHGet Free Report) released its earnings results on Friday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping 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 business had revenue of $285.24 million during the quarter, compared to analyst estimates of $274.55 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year.

Hilltop Price Performance

NYSE HTH opened at $29.99 on Friday. The firm’s 50-day moving average is $30.54 and its two-hundred day moving average is $30.98. Hilltop has a 12 month low of $26.78 and a 12 month high of $35.66. The stock has a market capitalization of $1.95 billion, a P/E ratio of 17.54 and a beta of 1.12.

Hilltop Announces Dividend

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

Insider Buying and Selling at Hilltop

In other Hilltop news, Director Hill A. Feinberg sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $31.63, for a total value of $94,890.00. Following the transaction, the director now owns 13,776 shares of the company’s stock, valued at $435,734.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Hilltop news, Director Hill A. Feinberg sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $31.63, for a total value of $94,890.00. Following the transaction, the director now owns 13,776 shares of the company’s stock, valued at $435,734.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Martin Bradley Winges sold 30,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $30.83, for a total transaction of $924,900.00. Following the sale, the chief executive officer now directly owns 98,934 shares in the company, valued at approximately $3,050,135.22. The disclosure for this sale can be found here. 28.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hilltop

Several institutional investors have recently modified their holdings of HTH. Public Employees Retirement System of Ohio raised its stake in shares of Hilltop by 12.4% in the third quarter. Public Employees Retirement System of Ohio now owns 3,860 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 425 shares in the last quarter. Deutsche Bank AG raised 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 acquiring an additional 432 shares in the last quarter. First Trust Advisors LP raised 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 acquiring an additional 432 shares in the last quarter. FMR LLC raised 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 acquiring an additional 452 shares in the last quarter. Finally, Captrust Financial Advisors raised 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 acquiring an additional 456 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on HTH

About Hilltop

(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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