Hilltop (NYSE:HTH) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Hilltop (NYSE:HTH) announced its quarterly earnings results on Thursday. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.07, Briefing.com reports. The firm had revenue of $411.49 million during the quarter, compared to analysts’ expectations of $302.29 million. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. During the same quarter in the prior year, the company earned $0.57 EPS.

Hilltop Price Performance

Hilltop stock opened at $30.21 on Friday. Hilltop has a 1-year low of $26.96 and a 1-year high of $35.66. The business has a fifty day moving average price of $31.82 and a 200-day moving average price of $31.27. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 17.67 and a beta of 1.13.

Hilltop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 2.25%. Hilltop’s dividend payout ratio is presently 39.77%.

Insider Activity at Hilltop

In other news, 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 transaction of $566,009.43. Following the sale, the director now owns 544,979 shares in the company, valued at approximately $17,978,857.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 28.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Hilltop Company Profile

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.