Hilltop (NYSE:HTH) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

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

Hilltop Price Performance

HTH stock opened at $29.99 on Monday. Hilltop has a 1-year low of $26.78 and a 1-year high of $35.66. The business has a fifty day moving average price of $30.54 and a 200-day moving average price of $30.99. The stock has a market capitalization of $1.95 billion, a P/E ratio of 17.54 and a beta of 1.12.

Hilltop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, May 9th. Hilltop’s dividend payout ratio is currently 39.77%.

Insider Transactions at Hilltop

In other news, Director Hill A. Feinberg sold 3,000 shares of the business’s 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 in the company, valued at $435,734.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Martin Bradley Winges sold 30,000 shares of the business’s 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 can be accessed through the SEC website. Also, Director Hill A. Feinberg sold 3,000 shares of the business’s 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 Trading of Hilltop

A number of hedge funds have recently bought and sold shares of HTH. Raymond James Financial Services Advisors Inc. increased its position in Hilltop by 71.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 58,807 shares of the financial services provider’s stock valued at $1,729,000 after acquiring an additional 24,537 shares during the last quarter. Bank of Montreal Can increased its position in Hilltop by 3.2% during the first quarter. Bank of Montreal Can now owns 17,046 shares of the financial services provider’s stock valued at $520,000 after acquiring an additional 526 shares during the last quarter. MetLife Investment Management LLC increased its position in Hilltop by 57.0% during the first quarter. MetLife Investment Management LLC now owns 34,727 shares of the financial services provider’s stock valued at $1,021,000 after acquiring an additional 12,608 shares during the last quarter. Rhumbline Advisers increased its position in Hilltop by 0.9% during the first quarter. Rhumbline Advisers now owns 176,100 shares of the financial services provider’s stock valued at $5,177,000 after acquiring an additional 1,610 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Hilltop by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,418 shares of the financial services provider’s stock valued at $1,541,000 after acquiring an additional 6,465 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Wall Street Analyst Weigh In

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

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.