Hilltop (NYSE:HTH) Issues Earnings Results

by · The Markets Daily

Hilltop (NYSE:HTH – Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.25, FiscalAI reports. The company had revenue of $217.40 million during the quarter, compared to the consensus estimate of $300.15 million. Hilltop had a net margin of 9.86% and a return on equity of 7.18%.

Hilltop Stock Up 0.7%

Shares of HTH traded up $0.27 during midday trading on Thursday, reaching $36.69. 436,870 shares of the stock were exchanged, compared to its average volume of 287,030. The stock’s 50 day simple moving average is $34.88 and its 200 day simple moving average is $33.52. The company has a market cap of $2.25 billion, a P/E ratio of 14.62 and a beta of 0.91. Hilltop has a twelve month low of $27.35 and a twelve month high of $37.30.

Wall Street Analyst Weigh In

HTH has been the subject of several recent analyst reports. Zacks Research upgraded shares of Hilltop from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilltop in a research report on Thursday, January 22nd. Finally, Stephens boosted their target price on Hilltop from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Get Our Latest Analysis on Hilltop

Insider Buying and Selling

In other Hilltop news, CAO Keith E. Bornemann sold 2,200 shares of Hilltop stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $35.00, for a total value of $77,000.00. Following the completion of the sale, the chief accounting officer owned 8,692 shares in the company, valued at $304,220. The trade was a 20.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 29.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Hilltop Holdings Inc. raised its holdings in Hilltop by 40.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 20,828 shares of the financial services provider’s stock valued at $696,000 after acquiring an additional 6,017 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Hilltop in the third quarter valued at about $307,000. Caxton Associates LLP acquired a new position in Hilltop in the second quarter valued at about $310,000. Quantinno Capital Management LP bought a new stake in Hilltop during the second quarter worth about $379,000. Finally, Sei Investments Co. grew its stake in Hilltop by 11.6% during the second quarter. Sei Investments Co. now owns 17,394 shares of the financial services provider’s stock worth $528,000 after buying an additional 1,814 shares in the last quarter. 57.13% of the stock is owned by institutional investors.

Hilltop Company Profile

(Get Free Report)

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.

Read More