Hilltop Holdings Inc. (NYSE:HTH) to Post FY2024 Earnings of $1.35 Per Share, Zacks Research Forecasts

Hilltop Holdings Inc. (NYSE:HTH) – Equities researchers at Zacks Research increased their FY2024 earnings estimates for Hilltop in a note issued to investors on Monday, August 26th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $1.35 for the year, up from their prior estimate of $1.34. The consensus estimate for Hilltop’s current full-year earnings is $1.36 per share. Zacks Research also issued estimates for Hilltop’s Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.35 EPS and FY2025 earnings at $1.48 EPS.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $283.22 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Hilltop’s revenue for the quarter was down 3.9% on a year-over-year basis.

Several other research firms also recently commented on HTH. StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Tuesday, August 20th. Keefe, Bruyette & Woods upped their target price on shares of Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Finally, Stephens raised their price target on Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.50.

Hilltop Trading Up 0.7 %

Shares of NYSE HTH opened at $32.90 on Tuesday. The stock has a market cap of $2.15 billion, a P/E ratio of 19.24 and a beta of 1.12. Hilltop has a twelve month low of $26.78 and a twelve month high of $35.66. The stock has a 50 day moving average of $31.70 and a two-hundred day moving average of $30.98.

Hilltop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, August 16th. Hilltop’s dividend payout ratio (DPR) is currently 39.77%.

Insider Transactions at Hilltop

In other Hilltop news, Director Hill A. Feinberg sold 3,776 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $29.91, for a total transaction of $112,940.16. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $299,100. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 28.90% of the company’s stock.

Institutional Investors Weigh In On Hilltop

Several institutional investors and hedge funds have recently bought and sold shares of HTH. Vanguard Group Inc. raised its stake in Hilltop by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 5,393,284 shares of the financial services provider’s stock valued at $168,918,000 after acquiring an additional 153,697 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Hilltop by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 793,868 shares of the financial services provider’s stock worth $24,832,000 after purchasing an additional 16,426 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Hilltop by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 701,086 shares of the financial services provider’s stock valued at $24,685,000 after acquiring an additional 9,927 shares in the last quarter. Hodges Capital Management Inc. raised its stake in shares of Hilltop by 2.6% during the 2nd quarter. Hodges Capital Management Inc. now owns 472,101 shares of the financial services provider’s stock worth $14,767,000 after purchasing an additional 12,106 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Hilltop by 7.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 315,185 shares of the financial services provider’s stock worth $9,872,000 after buying an additional 21,771 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

About Hilltop

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.