Hilltop (HTH) to Release Quarterly Earnings on Thursday

Hilltop (NYSE:HTH) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 18th. Analysts expect Hilltop to post earnings of $0.28 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Hilltop (NYSE:HTH) last issued its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Hilltop had a return on equity of 5.20% and a net margin of 7.00%. The company had revenue of $290.20 million during the quarter, compared to analysts’ expectations of $296.89 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts expect Hilltop to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hilltop Trading Down 1.1 %

Shares of NYSE HTH opened at $29.20 on Tuesday. 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 $30.67 and a two-hundred day moving average of $30.97. The stock has a market cap of $1.90 billion, a P/E ratio of 17.28 and a beta of 1.12.

Hilltop Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were paid a $0.17 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.68 dividend on an annualized basis and a yield of 2.33%. This is a boost from Hilltop’s previous quarterly dividend of $0.16. Hilltop’s payout ratio is currently 40.24%.

Analysts Set New Price Targets

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

Insider Transactions at Hilltop

In other news, CEO Martin Bradley Winges sold 30,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 98,934 shares in the company, valued at $3,050,135.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Hilltop news, CEO Martin Bradley Winges sold 30,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $30.83, for a total value of $924,900.00. Following the completion of the transaction, the chief executive officer now owns 98,934 shares in the company, valued at $3,050,135.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hill A. Feinberg sold 3,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $31.63, for a total value of $94,890.00. Following the completion of the transaction, the director now owns 13,776 shares of the company’s stock, valued at approximately $435,734.88. The disclosure for this sale can be found here. Company insiders own 28.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HTH. Norges Bank purchased a new position in Hilltop in the fourth quarter worth $15,124,000. Goldman Sachs Group Inc. grew its holdings in Hilltop by 197.2% in the first quarter. Goldman Sachs Group Inc. now owns 751,515 shares of the financial services provider’s stock valued at $22,094,000 after purchasing an additional 498,672 shares during the last quarter. Millennium Management LLC grew its holdings in Hilltop by 111.4% in the second quarter. Millennium Management LLC now owns 704,273 shares of the financial services provider’s stock valued at $18,776,000 after purchasing an additional 371,133 shares during the last quarter. State Street Corp grew its holdings in Hilltop by 8.9% in the first quarter. State Street Corp now owns 3,571,566 shares of the financial services provider’s stock valued at $105,004,000 after purchasing an additional 291,456 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Hilltop in the first quarter valued at $8,184,000. Hedge funds and other institutional investors 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.