Brokerages expect Hilltop Holdings Inc. (NYSE:HTH) to post $431.80 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Hilltop Holdings’ earnings, with the lowest sales estimate coming in at $420.50 million and the highest estimate coming in at $439.50 million. Hilltop Holdings reported sales of $446.40 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.3%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Hilltop Holdings will report full year sales of $431.80 million for the current year, with estimates ranging from $1.62 billion to $1.63 billion. For the next year, analysts anticipate that the business will post sales of $1.68 billion per share, with estimates ranging from $1.67 billion to $1.70 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hilltop Holdings.
Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by $0.07. Hilltop Holdings had a return on equity of 7.81% and a net margin of 8.33%. The firm had revenue of $363.54 million during the quarter, compared to analysts’ expectations of $393.23 million. During the same quarter in the previous year, the company posted $0.28 earnings per share.
A number of research analysts have recently weighed in on HTH shares. Zacks Investment Research upgraded Hilltop Holdings from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, March 29th. Keefe, Bruyette & Woods restated a “hold” rating and set a $30.00 price objective on shares of Hilltop Holdings in a research report on Wednesday, April 5th. TheStreet upgraded Hilltop Holdings from a “c+” rating to a “b” rating in a research report on Wednesday, May 3rd. Piper Jaffray Companies lowered Hilltop Holdings from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Wednesday, May 10th. Finally, ValuEngine upgraded Hilltop Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Hilltop Holdings currently has a consensus rating of “Hold” and a consensus price target of $29.08.
Hilltop Holdings (NYSE:HTH) traded down 1.25% during trading on Friday, hitting $26.00. The stock had a trading volume of 42,898 shares. The company has a 50-day moving average of $25.80 and a 200 day moving average of $27.47. Hilltop Holdings has a 52-week low of $21.04 and a 52-week high of $30.60. The firm has a market cap of $2.56 billion, a P/E ratio of 17.72 and a beta of 1.03.
In related news, insider Jerry Schaffner sold 7,500 shares of Hilltop Holdings stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $25.14, for a total value of $188,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan B. White sold 79,025 shares of Hilltop Holdings stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $26.03, for a total value of $2,057,020.75. Following the completion of the transaction, the chief executive officer now owns 216,124 shares of the company’s stock, valued at approximately $5,625,707.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 206,369 shares of company stock valued at $5,607,917. 22.60% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Hilltop Holdings by 26,007.9% in the first quarter. BlackRock Inc. now owns 4,980,856 shares of the financial services provider’s stock valued at $136,824,000 after buying an additional 4,961,778 shares in the last quarter. FMR LLC raised its position in Hilltop Holdings by 65.9% in the first quarter. FMR LLC now owns 6,269,474 shares of the financial services provider’s stock valued at $172,222,000 after buying an additional 2,491,245 shares in the last quarter. Norges Bank bought a new position in Hilltop Holdings during the fourth quarter valued at approximately $33,290,000. Bank of New York Mellon Corp raised its position in Hilltop Holdings by 98.5% in the first quarter. Bank of New York Mellon Corp now owns 772,163 shares of the financial services provider’s stock valued at $21,211,000 after buying an additional 383,160 shares in the last quarter. Finally, State Street Corp raised its position in Hilltop Holdings by 18.3% in the first quarter. State Street Corp now owns 2,198,523 shares of the financial services provider’s stock valued at $60,393,000 after buying an additional 340,542 shares in the last quarter. Institutional investors own 55.80% of the company’s stock.
About Hilltop Holdings
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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