Hilltop (HTH) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Hilltop (NYSE:HTH) issued its earnings results on Thursday, October 25th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.06), Fidelity Earnings reports. Hilltop had a return on equity of 7.00% and a net margin of 6.55%. The firm had revenue of $380.04 million during the quarter, compared to the consensus estimate of $385.07 million.

NYSE:HTH traded down $0.46 during trading hours on Friday, hitting $19.89. 589,794 shares of the company traded hands, compared to its average volume of 676,187. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. Hilltop has a one year low of $17.16 and a one year high of $28.32. The stock has a market cap of $1.91 billion, a PE ratio of 11.98 and a beta of 0.94.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.41%. The ex-dividend date is Wednesday, November 14th. Hilltop’s dividend payout ratio (DPR) is presently 16.87%.

In other Hilltop news, insider Keith E. Bornemann sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $20.68, for a total transaction of $31,020.00. Following the transaction, the insider now directly owns 8,270 shares in the company, valued at approximately $171,023.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.30% of the stock is currently owned by company insiders.

A number of equities analysts recently issued reports on the company. ValuEngine upgraded Hilltop from a “strong sell” rating to a “sell” rating in a report on Friday, August 17th. Zacks Investment Research cut Hilltop from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 28th. Compass Point upgraded Hilltop from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, July 31st. SunTrust Banks cut their target price on Hilltop from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Finally, Raymond James upgraded Hilltop from an “underperform” rating to a “market perform” rating in a report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Hilltop presently has a consensus rating of “Hold” and a consensus target price of $26.60.

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About Hilltop

Hilltop Holdings Inc provides banking and financial products and services. Its 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, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial, industrial, and single family residential mortgage loans.

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Earnings History for Hilltop (NYSE:HTH)

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