Zacks Research Has Positive View of Hilltop FY2024 Earnings

Hilltop Holdings Inc. (NYSE:HTH) – Analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for Hilltop in a report released 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 prior forecast of $1.37. The consensus estimate for Hilltop’s current full-year earnings is $1.49 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.

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

Hilltop Trading Up 1.3 %

HTH stock opened at $31.70 on Wednesday. The company’s 50-day moving average price is $31.74 and its 200 day moving average price is $31.52. Hilltop has a 52 week low of $28.58 and a 52 week high of $35.66. The company has a market cap of $2.06 billion, a P/E ratio of 19.47 and a beta of 1.14.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. increased its stake in Hilltop by 7.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 315,185 shares of the financial services provider’s stock valued at $9,872,000 after purchasing an additional 21,771 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Hilltop during the 1st quarter valued at about $1,230,000. Versor Investments LP lifted its holdings in shares of Hilltop by 171.4% during the 3rd quarter. Versor Investments LP now owns 34,200 shares of the financial services provider’s stock worth $1,100,000 after acquiring an additional 21,600 shares during the period. Quest Partners LLC lifted its holdings in shares of Hilltop by 61.4% during the 3rd quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider’s stock worth $1,556,000 after acquiring an additional 18,415 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Hilltop by 187.9% in the third quarter. Assenagon Asset Management S.A. now owns 511,286 shares of the financial services provider’s stock worth $16,443,000 after acquiring an additional 333,695 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Insider Buying and Selling

In related news, CEO Martin Bradley Winges sold 30,851 shares of the business’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 transaction, the chief executive officer now owns 77,748 shares of the company’s stock, valued at approximately $2,535,362.28. The trade was a 28.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hill A. Feinberg sold 17,157 shares of the firm’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 directly owns 544,979 shares in the company, valued at $17,978,857.21. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 29.30% of the company’s stock.

Hilltop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given 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 2.15%. Hilltop’s dividend payout ratio is currently 41.72%.

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.