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

Hilltop (NYSE:HTH) announced its earnings results on Thursday. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.28 by $0.14, Briefing.com reports. The company had revenue of $285.24 million during the quarter, compared to the consensus estimate of $274.55 million. Hilltop had a net margin of 7.00% and a return on equity of 5.20%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share.

Hilltop Price Performance

Shares of Hilltop stock opened at $29.07 on Friday. Hilltop has a 1 year low of $26.78 and a 1 year high of $35.66. The firm has a market cap of $1.89 billion, a PE ratio of 17.20 and a beta of 1.12. The company has a 50 day simple moving average of $30.56 and a two-hundred day simple moving average of $30.94.

Hilltop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 9th. This is a positive change from Hilltop’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 2.34%. Hilltop’s payout ratio is presently 40.24%.

Insider Buying and Selling at Hilltop

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

Institutional Trading of Hilltop

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Hilltop by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 6,551,143 shares of the financial services provider’s stock worth $192,605,000 after purchasing an additional 109,157 shares in the last quarter. State Street Corp boosted its stake in Hilltop by 8.9% in the 1st quarter. State Street Corp now owns 3,571,566 shares of the financial services provider’s stock worth $105,004,000 after purchasing an additional 291,456 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Hilltop by 0.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,567,251 shares of the financial services provider’s stock worth $46,077,000 after purchasing an additional 8,634 shares in the last quarter. Geode Capital Management LLC boosted its stake in Hilltop by 2.9% in the 1st quarter. Geode Capital Management LLC now owns 904,157 shares of the financial services provider’s stock worth $26,826,000 after purchasing an additional 25,268 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in Hilltop by 5.9% in the 1st quarter. Capital Research Global Investors now owns 900,000 shares of the financial services provider’s stock worth $26,460,000 after purchasing an additional 50,000 shares in the last quarter. Institutional investors own 57.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HTH. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a report on Friday, January 5th. TheStreet downgraded shares of Hilltop from a “b-” rating to a “c+” rating in a report 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.