$0.35 EPS Expected for Hilltop Holdings Inc. (HTH) This Quarter
Brokerages expect Hilltop Holdings Inc. (NYSE:HTH) to post earnings per share of $0.35 for the current quarter, according to Zacks. Three analysts have provided estimates for Hilltop’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.29. Hilltop also reported earnings per share of $0.35 during the same quarter last year. The firm is expected to announce its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Hilltop will report full year earnings of $1.57 per share for the current fiscal year, with EPS estimates ranging from $1.43 to $1.74. For the next year, analysts expect that the firm will report earnings of $1.74 per share, with EPS estimates ranging from $1.60 to $1.98. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Hilltop.
Hilltop (NYSE:HTH) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.15. The business had revenue of $361.40 million during the quarter, compared to analysts’ expectations of $335.96 million. Hilltop had a return on equity of 6.90% and a net margin of 8.30%. Hilltop’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share.
Shares of NYSE:HTH opened at $20.45 on Monday. Hilltop has a 1 year low of $16.43 and a 1 year high of $24.09. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.89 billion, a P/E ratio of 15.98 and a beta of 0.89.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, May 14th. Hilltop’s dividend payout ratio (DPR) is 25.00%.
In other news, CEO Alan B. White sold 69,029 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $19.36, for a total transaction of $1,336,401.44. Following the completion of the transaction, the chief executive officer now directly owns 214,150 shares in the company, valued at approximately $4,145,944. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Alan B. White sold 8,657 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $19.40, for a total transaction of $167,945.80. Following the completion of the sale, the chief executive officer now directly owns 214,150 shares in the company, valued at $4,154,510. The disclosure for this sale can be found here. 22.30% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in HTH. Norges Bank bought a new position in Hilltop in the 4th quarter valued at about $23,617,000. Wellington Management Group LLP grew its position in shares of Hilltop by 65.7% during the 1st quarter. Wellington Management Group LLP now owns 3,168,821 shares of the financial services provider’s stock worth $57,831,000 after purchasing an additional 1,256,322 shares in the last quarter. Bayview Asset Management LLC acquired a new stake in shares of Hilltop during the 1st quarter worth approximately $14,523,000. SCW Capital Management LP acquired a new stake in shares of Hilltop during the 4th quarter worth approximately $11,394,000. Finally, Renaissance Technologies LLC boosted its position in shares of Hilltop by 160.0% during the 1st quarter. Renaissance Technologies LLC now owns 566,984 shares of the financial services provider’s stock worth $10,347,000 after acquiring an additional 348,900 shares in the last quarter. 61.58% of the stock is currently owned by hedge funds and other institutional investors.
Hilltop Company Profile
Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. 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, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.
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