Brokerages Expect Hilltop Holdings Inc. (NYSE:HTH) Will Announce Earnings of $0.51 Per Share

Analysts predict that Hilltop Holdings Inc. (NYSE:HTHGet Rating) will post earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Hilltop’s earnings, with estimates ranging from $0.44 to $0.55. Hilltop posted earnings of $1.46 per share during the same quarter last year, which would suggest a negative year over year growth rate of 65.1%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Hilltop will report full-year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.68. For the next financial year, analysts forecast that the company will report earnings of $2.58 per share, with EPS estimates ranging from $2.22 to $2.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Hilltop.

Hilltop (NYSE:HTHGet Rating) last posted its quarterly earnings data on Thursday, January 27th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. Hilltop had a return on equity of 14.99% and a net margin of 19.30%. The company had revenue of $389.14 million for the quarter, compared to the consensus estimate of $421.11 million. During the same period in the previous year, the business earned $1.30 EPS. Hilltop’s revenue for the quarter was down 29.9% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on HTH shares. StockNews.com started coverage on Hilltop in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded Hilltop from a “sell” rating to a “hold” rating and set a $31.00 price target for the company in a report on Friday, April 1st.

Shares of NYSE HTH traded down $0.02 during trading on Monday, reaching $27.95. The stock had a trading volume of 352,384 shares, compared to its average volume of 413,648. Hilltop has a one year low of $27.54 and a one year high of $39.14. The firm has a market capitalization of $2.21 billion, a PE ratio of 6.08 and a beta of 1.08. The stock has a 50 day simple moving average of $30.36.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 28th. Investors of record on Tuesday, February 15th were paid a dividend of $0.15 per share. This is an increase from Hilltop’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Monday, February 14th. Hilltop’s dividend payout ratio is presently 13.04%.

A number of institutional investors and hedge funds have recently modified their holdings of HTH. Norges Bank bought a new position in Hilltop during the 4th quarter worth $23,829,000. Millennium Management LLC grew its stake in Hilltop by 281.3% during the 4th quarter. Millennium Management LLC now owns 412,300 shares of the financial services provider’s stock worth $14,488,000 after buying an additional 304,180 shares during the last quarter. Nordea Investment Management AB grew its stake in Hilltop by 105.3% during the 3rd quarter. Nordea Investment Management AB now owns 494,494 shares of the financial services provider’s stock worth $16,472,000 after buying an additional 253,621 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in Hilltop by 28.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 932,919 shares of the financial services provider’s stock worth $32,783,000 after buying an additional 208,314 shares during the last quarter. Finally, AlphaCrest Capital Management LLC grew its stake in Hilltop by 1,947.7% during the 4th quarter. AlphaCrest Capital Management LLC now owns 149,995 shares of the financial services provider’s stock worth $5,271,000 after buying an additional 142,670 shares during the last quarter. Hedge funds and other institutional investors own 62.66% of the company’s stock.

Hilltop Company Profile (Get Rating)

Hilltop Holdings Inc provides business and consumer banking, and financial products and 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, 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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Earnings History and Estimates for Hilltop (NYSE:HTH)

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