Hilltop (HTH) Set to Announce Earnings on Thursday

Hilltop (NYSE:HTH – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, July 20th. Analysts expect Hilltop to post earnings of $0.37 per share for the quarter.

Hilltop (NYSE:HTH – Get Free Report) last released its quarterly earnings results on Friday, April 21st. The financial services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. Hilltop had a return on equity of 5.65% and a net margin of 8.09%. The business had revenue of $353.92 million during the quarter, compared to analyst estimates of $277.55 million. During the same period in the prior year, the firm posted $0.28 EPS. On average, analysts expect Hilltop to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hilltop Stock Performance

Shares of HTH opened at $32.06 on Friday. The business has a 50-day moving average of $31.27 and a 200 day moving average of $31.08. Hilltop has a fifty-two week low of $24.18 and a fifty-two week high of $34.87. The firm has a market cap of $2.08 billion, a P/E ratio of 18.43 and a beta of 1.05.

Hilltop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Wednesday, May 10th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $0.64 annualized dividend and a yield of 2.00%. Hilltop’s dividend payout ratio is currently 36.78%.

Analyst Ratings Changes

HTH has been the topic of a number of analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $33.00 price target on shares of Hilltop in a research note on Friday, April 21st. StockNews.com assumed coverage on Hilltop in a research note on Thursday, May 18th. They set a “hold” rating on the stock.

Insiders Place Their Bets

In other Hilltop news, Director W Robert Nichols III sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $31.02, for a total value of $46,530.00. Following the sale, the director now directly owns 9,500 shares of the company’s stock, valued at $294,690. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 28.90% of the company’s stock.

Institutional Investors Weigh In On Hilltop

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Hilltop in the 4th quarter worth approximately $15,124,000. Goldman Sachs Group Inc. increased its holdings in Hilltop by 197.2% during the first quarter. Goldman Sachs Group Inc. now owns 751,515 shares of the financial services provider’s stock valued at $22,094,000 after buying an additional 498,672 shares during the period. Millennium Management LLC increased its holdings in Hilltop by 111.4% during the second quarter. Millennium Management LLC now owns 704,273 shares of the financial services provider’s stock valued at $18,776,000 after buying an additional 371,133 shares during the period. State Street Corp increased its holdings in Hilltop by 8.9% during the first quarter. State Street Corp now owns 3,571,566 shares of the financial services provider’s stock valued at $105,004,000 after buying an additional 291,456 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Hilltop during the first quarter valued at approximately $8,184,000. Hedge funds and other institutional investors own 54.34% of the company’s stock.

About Hilltop

(Get Free Report)

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, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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