Hilltop (NYSE:HTH) Releases Earnings Results, Misses Estimates By $0.20 EPS

Key Points

• Hilltop missed quarterly earnings expectations: The financial services provider reported EPS of $0.44, $0.20 below the $0.64 consensus estimate, while revenue of $309.51 million also fell short of the $320.37 million forecast.
• Shares traded at $37.29, below the company’s $40.00 consensus price target, with a market capitalization of approximately $2.14 billion. Hilltop reported a 10.17% net margin and 7.40% return on equity.
• Analyst sentiment remains mixed but leans neutral: Hilltop has one Buy, four Hold, and one Sell rating, while insiders sold 52,555 shares worth about $2.09 million over the past quarter.

Hilltop (NYSE:HTH - Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.20), FiscalAI reports. The business had revenue of $309.51 million during the quarter, compared to analyst estimates of $320.37 million. Hilltop had a net margin of 10.17% and a return on equity of 7.40%.

Hilltop Stock Performance

HTH stock traded up $0.79 during mid-day trading on Thursday, hitting $37.29. The company had a trading volume of 252,113 shares, compared to its average volume of 324,065. The stock's fifty day moving average price is $38.11 and its two-hundred day moving average price is $38.04. Hilltop has a 12 month low of $31.75 and a 12 month high of $40.41. The firm has a market cap of $2.14 billion, a PE ratio of 13.81 and a beta of 0.89.

Insider Buying and Selling at Hilltop

In other Hilltop news, Director Rhodes Bobbitt sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $40.12, for a total transaction of $802,400.00. Following the transaction, the director directly owned 56,096 shares in the company, valued at $2,250,571.52. This trade represents a 26.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 52,555 shares of company stock valued at $2,087,714 over the last quarter. Corporate insiders own 5.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Hilltop from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday. Raymond James Financial lowered shares of Hilltop from a "market perform" rating to an "underperform" rating in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods increased their price target on Hilltop from $40.00 to $42.00 and gave the company a "market perform" rating in a research note on Wednesday, August 5th. Piper Sandler restated a "neutral" rating and issued a $42.00 price target on shares of Hilltop in a research report on Tuesday, July 28th. Finally, Zacks Research cut shares of Hilltop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 7th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $40.00.

Hilltop Company Profile

Hilltop Holdings Inc NYSE: HTH is a Dallas-based financial services holding company. Through its operating subsidiaries, the company provides commercial and consumer banking, mortgage lending, and securities brokerage and investment-banking services.

PlainsCapital Bank is Hilltop's banking subsidiary and serves businesses, professionals, and individuals primarily in Texas. Its offerings include commercial and real estate lending, deposit accounts, treasury management, wealth management, and other banking services.

Hilltop also operates PrimeLending, a residential mortgage lender that originates home loans through a network of loan officers and offices across the United States.

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