Wall Street analysts expect Hilltop Holdings Inc. (NYSE:HTH) to report $367.43 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Hilltop’s earnings, with the lowest sales estimate coming in at $358.90 million and the highest estimate coming in at $375.50 million. Hilltop posted sales of $399.15 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The company is scheduled to announce its next quarterly earnings report on Thursday, January 24th.
According to Zacks, analysts expect that Hilltop will report full-year sales of $1.46 billion for the current year, with estimates ranging from $1.45 billion to $1.48 billion. For the next financial year, analysts anticipate that the company will post sales of $1.52 billion, with estimates ranging from $1.49 billion to $1.56 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Hilltop.
Hilltop (NYSE:HTH) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.06). Hilltop had a net margin of 6.55% and a return on equity of 7.00%. The business had revenue of $380.04 million for the quarter, compared to the consensus estimate of $385.07 million.
In other news, insider Hill A. Feinberg sold 51,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $19.87, for a total transaction of $1,013,370.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.30% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Hilltop by 1.3% in the third quarter. Vanguard Group Inc. now owns 6,368,046 shares of the financial services provider’s stock worth $128,443,000 after acquiring an additional 78,963 shares in the last quarter. Teachers Advisors LLC grew its position in Hilltop by 2.9% in the third quarter. Teachers Advisors LLC now owns 955,470 shares of the financial services provider’s stock worth $19,272,000 after acquiring an additional 26,617 shares in the last quarter. Maltese Capital Management LLC grew its position in Hilltop by 616.6% in the third quarter. Maltese Capital Management LLC now owns 180,119 shares of the financial services provider’s stock worth $3,633,000 after acquiring an additional 154,985 shares in the last quarter. AQR Capital Management LLC grew its position in Hilltop by 3.4% in the third quarter. AQR Capital Management LLC now owns 213,413 shares of the financial services provider’s stock worth $4,305,000 after acquiring an additional 7,046 shares in the last quarter. Finally, IndexIQ Advisors LLC grew its position in Hilltop by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 96,899 shares of the financial services provider’s stock worth $1,954,000 after acquiring an additional 3,661 shares in the last quarter. Hedge funds and other institutional investors own 59.99% of the company’s stock.
HTH stock traded down $0.05 during midday trading on Wednesday, reaching $18.09. 226,905 shares of the company’s stock traded hands, compared to its average volume of 354,363. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.98 and a quick ratio of 0.85. Hilltop has a 52 week low of $17.16 and a 52 week high of $28.32. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 10.90 and a beta of 0.79.
The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, November 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.55%. Hilltop’s dividend payout ratio (DPR) is currently 16.87%.
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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