Hilltop (HTH) Expected to Announce Quarterly Earnings on Thursday

Hilltop (NYSE:HTHGet Free Report) is expected to be announcing its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.29 per share and revenue of $104,000.00 billion for the quarter.

Hilltop (NYSE:HTHGet Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. The company had revenue of $411.49 million during the quarter, compared to analysts’ expectations of $302.29 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. On average, analysts expect Hilltop to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hilltop Trading Up 2.0 %

NYSE HTH opened at $28.60 on Thursday. The company’s fifty day simple moving average is $30.47 and its 200-day simple moving average is $31.37. Hilltop has a 52 week low of $26.67 and a 52 week high of $35.32. The stock has a market cap of $1.86 billion, a P/E ratio of 17.55 and a beta of 1.15.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Friday, November 8th. Hilltop’s dividend payout ratio (DPR) is presently 41.72%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HTH. Raymond James downgraded Hilltop from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price target on Hilltop from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, Hilltop presently has an average rating of “Hold” and an average target price of $34.50.

Read Our Latest Stock Report on HTH

Insider Activity

In other news, CEO Martin Bradley Winges sold 30,851 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $32.61, for a total value of $1,006,051.11. Following the completion of the sale, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at approximately $2,535,362.28. This represents a 28.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Keith E. Bornemann sold 2,500 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $32.00, for a total transaction of $80,000.00. Following the transaction, the chief accounting officer now directly owns 9,124 shares of the company’s stock, valued at $291,968. This represents a 21.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 29.30% 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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