FY2024 EPS Estimates for Hilltop Increased by Zacks Research

Hilltop Holdings Inc. (NYSE:HTH) – Stock analysts at Zacks Research raised their FY2024 EPS estimates for shares of Hilltop in a report issued on Monday, November 18th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $1.46 per share for the year, up from their previous estimate 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 earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. The company had revenue of $411.49 million during the quarter, compared to analyst estimates of $302.29 million. During the same quarter in the prior year, the company earned $0.57 earnings per share.

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

Hilltop Trading Down 1.4 %

Shares of Hilltop stock opened at $31.29 on Wednesday. Hilltop has a 1 year low of $28.58 and a 1 year high of $35.66. The company has a market cap of $2.03 billion, a P/E ratio of 19.20 and a beta of 1.14. The stock has a 50-day moving average price of $31.74 and a 200 day moving average price of $31.52.

Hedge Funds Weigh In On Hilltop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Hilltop by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 5,393,284 shares of the financial services provider’s stock valued at $168,918,000 after buying an additional 153,697 shares during the last quarter. State Street Corp boosted its holdings in Hilltop by 4.4% during the third quarter. State Street Corp now owns 2,568,227 shares of the financial services provider’s stock valued at $82,594,000 after acquiring an additional 107,348 shares during the period. Geode Capital Management LLC grew its position in shares of Hilltop by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider’s stock valued at $33,991,000 after purchasing an additional 17,477 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Hilltop by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 794,060 shares of the financial services provider’s stock worth $25,537,000 after purchasing an additional 19,936 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Hilltop by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 793,868 shares of the financial services provider’s stock valued at $24,832,000 after purchasing an additional 16,426 shares during the period. Institutional investors and hedge funds own 57.13% of the company’s stock.

Insider Activity at Hilltop

In other Hilltop news, CEO Martin Bradley Winges sold 30,851 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the transaction, the chief executive officer now directly owns 77,748 shares in the company, valued at $2,535,362.28. This trade represents a 28.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hill A. Feinberg sold 17,157 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.99, for a total value of $566,009.43. Following the completion of the sale, the director now directly owns 544,979 shares of the company’s stock, valued at $17,978,857.21. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 29.30% of the company’s stock.

Hilltop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 2.17%. Hilltop’s dividend payout ratio is currently 41.72%.

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.