$0.44 EPS Expected for Hilltop Holdings Inc. (HTH) This Quarter

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Equities analysts forecast that Hilltop Holdings Inc. (NYSE:HTH) will report earnings of $0.44 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Hilltop’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.43. Hilltop reported earnings per share of $0.31 during the same quarter last year, which indicates a positive year over year growth rate of 41.9%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that Hilltop will report full year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.49 to $1.54. For the next fiscal year, analysts forecast that the company will post earnings of $1.71 per share, with EPS estimates ranging from $1.62 to $1.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Hilltop.

Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.05). Hilltop had a return on equity of 6.76% and a net margin of 6.17%. The company had revenue of $384.28 million for the quarter, compared to the consensus estimate of $392.27 million. During the same period in the previous year, the firm earned $0.63 earnings per share.

Several equities research analysts have weighed in on HTH shares. Zacks Investment Research raised Hilltop from a “strong sell” rating to a “hold” rating in a research note on Monday, July 2nd. Compass Point raised Hilltop from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, July 31st. Finally, ValuEngine cut Hilltop from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $27.50.

Shares of NYSE HTH opened at $19.01 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. Hilltop has a 1-year low of $18.82 and a 1-year high of $28.32. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 14.48 and a beta of 0.96.

In other news, insider Keith E. Bornemann sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $20.68, for a total transaction of $31,020.00. Following the transaction, the insider now owns 8,270 shares of the company’s stock, valued at $171,023.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 22.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HTH. Millennium Management LLC grew its stake in shares of Hilltop by 215.2% during the second quarter. Millennium Management LLC now owns 1,929,620 shares of the financial services provider’s stock valued at $42,587,000 after buying an additional 1,317,402 shares during the last quarter. FMR LLC grew its stake in shares of Hilltop by 13.3% during the second quarter. FMR LLC now owns 6,670,431 shares of the financial services provider’s stock valued at $147,216,000 after buying an additional 785,600 shares during the last quarter. Northern Trust Corp grew its stake in shares of Hilltop by 57.4% during the second quarter. Northern Trust Corp now owns 1,454,311 shares of the financial services provider’s stock valued at $32,095,000 after buying an additional 530,298 shares during the last quarter. CDAM UK Ltd grew its stake in shares of Hilltop by 20.3% during the second quarter. CDAM UK Ltd now owns 2,345,728 shares of the financial services provider’s stock valued at $51,770,000 after buying an additional 395,939 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Hilltop by 91.7% during the first quarter. JPMorgan Chase & Co. now owns 678,714 shares of the financial services provider’s stock valued at $15,923,000 after buying an additional 324,608 shares during the last quarter. 59.37% of the stock is currently owned by hedge funds and other institutional investors.

Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. Its 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 and leases, agricultural and commercial real estate loans, and other loans; and commercial, industrial, and single family residential mortgage loans.

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Earnings History and Estimates for Hilltop (NYSE:HTH)

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