Hilltop Holdings Inc. (HTH) Expected to Post Earnings of $0.33 Per Share

Equities analysts expect Hilltop Holdings Inc. (NYSE:HTH) to post earnings per share (EPS) of $0.33 for the current quarter, Zacks reports. Two analysts have made estimates for Hilltop’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.38. Hilltop posted earnings per share of $0.27 in the same quarter last year, which would indicate a positive year over year growth rate of 22.2%. The firm is scheduled to announce its next earnings report on Tuesday, April 24th.

On average, analysts expect that Hilltop will report full-year earnings of $1.88 per share for the current year, with EPS estimates ranging from $1.35 to $2.17. For the next fiscal year, analysts forecast that the company will report earnings of $2.21 per share, with EPS estimates ranging from $2.08 to $2.35. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Hilltop.

Hilltop (NYSE:HTH) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Hilltop had a net margin of 7.74% and a return on equity of 8.48%. The company had revenue of $399.15 million for the quarter, compared to analysts’ expectations of $390.05 million.

Several brokerages recently issued reports on HTH. Zacks Investment Research cut shares of Hilltop from a “buy” rating to a “hold” rating in a report on Thursday. Piper Jaffray Companies reiterated a “hold” rating and set a $30.00 price target on shares of Hilltop in a research note on Sunday, January 28th. Stephens cut shares of Hilltop from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 29th. Finally, ValuEngine upgraded shares of Hilltop from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Hilltop presently has a consensus rating of “Hold” and an average target price of $33.50.

Shares of Hilltop (NYSE HTH) opened at $25.40 on Friday. Hilltop has a fifty-two week low of $21.47 and a fifty-two week high of $29.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.99 and a quick ratio of 0.82. The stock has a market cap of $2,438.10, a P/E ratio of 18.81 and a beta of 1.09.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, February 14th. This is a boost from Hilltop’s previous quarterly dividend of $0.06. Hilltop’s dividend payout ratio (DPR) is currently 20.74%.

Hilltop declared that its Board of Directors has authorized a stock buyback program on Thursday, January 25th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

In other Hilltop news, Director Gerald J. Ford purchased 10,000 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were acquired at an average price of $25.08 per share, for a total transaction of $250,800.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 22.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Hilltop by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,574 shares of the financial services provider’s stock worth $1,535,000 after acquiring an additional 654 shares during the last quarter. Voya Investment Management LLC raised its position in shares of Hilltop by 6.6% during the 2nd quarter. Voya Investment Management LLC now owns 36,750 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 2,268 shares during the period. Victory Capital Management Inc. raised its position in shares of Hilltop by 34.7% during the 3rd quarter. Victory Capital Management Inc. now owns 8,939 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 2,301 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Hilltop by 27.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 12,151 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 2,596 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of Hilltop by 2.7% during the 2nd quarter. New York State Common Retirement Fund now owns 110,009 shares of the financial services provider’s stock valued at $2,883,000 after purchasing an additional 2,899 shares during the period. Institutional investors and hedge funds own 56.27% of the company’s stock.

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Hilltop Company Profile

Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).

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Earnings History and Estimates for Hilltop (NYSE:HTH)

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