Hilltop (HTH) Expected to Announce Quarterly Earnings on Thursday

Hilltop (NYSE:HTH) is projected to announce 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:HTH) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. The business had revenue of $411.49 million during the quarter, compared to analyst estimates of $302.29 million. During the same period in the previous year, the company earned $0.57 EPS. 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 %

Shares of NYSE:HTH opened at $28.60 on Thursday. The firm has a market capitalization of $1.86 billion, a PE ratio of 17.55 and a beta of 1.15. The business’s 50 day moving average is $30.47 and its 200-day moving average is $31.37. Hilltop has a 1-year low of $26.67 and a 1-year high of $35.32.

Hilltop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 2.38%. Hilltop’s dividend payout ratio is currently 41.72%.

Insider Activity

In related news, CEO Martin Bradley Winges sold 30,851 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 77,748 shares in the company, valued at $2,535,362.28. The trade was a 28.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Keith E. Bornemann sold 2,500 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $32.00, for a total transaction of $80,000.00. Following the sale, the chief accounting officer now directly owns 9,124 shares of the company’s stock, valued at approximately $291,968. The trade was a 21.51 % decrease in their position. The disclosure for this sale can be found here. Insiders own 29.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised their price objective on Hilltop from $34.00 to $35.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Raymond James downgraded Hilltop from a “market perform” rating to an “underperform” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, Hilltop currently has an average rating of “Hold” and a consensus target price of $34.50.

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.