Hilltop (NYSE:HTH) Announces Earnings Results

Hilltop (NYSE:HTH) announced its quarterly earnings results on Thursday. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14, Briefing.com reports. The firm had revenue of $285.24 million for the quarter, compared to analysts’ expectations of $274.55 million. Hilltop had a net margin of 6.95% and a return on equity of 5.27%. Hilltop’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share.

Hilltop Trading Up 3.3 %

Shares of NYSE:HTH opened at $30.00 on Friday. The company has a fifty day simple moving average of $30.54 and a 200 day simple moving average of $30.95. The firm has a market cap of $1.95 billion, a PE ratio of 17.54 and a beta of 1.12. Hilltop has a 12-month low of $26.78 and a 12-month high of $35.66.

Hilltop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.17 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.27%. Hilltop’s dividend payout ratio (DPR) is presently 39.77%.

Analyst Ratings Changes

HTH has been the topic of a number of analyst reports. TheStreet lowered shares of Hilltop from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a research note on Friday, January 5th.

Insider Buying and Selling

In related news, Director Hill A. Feinberg sold 3,000 shares of Hilltop stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $31.63, for a total value of $94,890.00. Following the completion of the sale, the director now owns 13,776 shares in the company, valued at $435,734.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Hill A. Feinberg sold 3,000 shares of Hilltop stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $31.63, for a total value of $94,890.00. Following the completion of the sale, the director now owns 13,776 shares in the company, valued at $435,734.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Martin Bradley Winges sold 30,000 shares of Hilltop stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $30.83, for a total transaction of $924,900.00. Following the completion of the transaction, the chief executive officer now directly owns 98,934 shares of the company’s stock, valued at approximately $3,050,135.22. The disclosure for this sale can be found here. Insiders own 28.90% of the company’s stock.

Hedge Funds Weigh In On Hilltop

Hedge funds have recently added to or reduced their stakes in the business. Walleye Capital LLC acquired a new position in Hilltop in the first quarter worth $225,000. Balyasny Asset Management L.P. acquired a new position in shares of Hilltop during the fourth quarter valued at $210,000. Royal Bank of Canada boosted its holdings in shares of Hilltop by 39.2% during the second quarter. Royal Bank of Canada now owns 6,322 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,781 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Hilltop during the first quarter valued at $184,000. Finally, Vestcor Inc acquired a new position in shares of Hilltop during the fourth quarter valued at $150,000. Institutional investors and hedge funds own 57.13% of the company’s stock.

Hilltop Company Profile

Hilltop Holdings Inc provides business and consumer banking 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, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.