Hilltop Holdings Inc. (NYSE:HTH - Get Free Report)'s share price shot up 4% on Friday following a better than expected earnings announcement. The company traded as high as $30.45 and last traded at $30.21. 56,994 shares were traded during trading, a decline of 81% from the average session volume of 304,096 shares. The stock had previously closed at $29.05.
The financial services provider reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.14. Hilltop had a return on equity of 5.20% and a net margin of 7.00%. The company had revenue of $285.24 million during the quarter, compared to analysts' expectations of $274.55 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The business's revenue for the quarter was up .4% compared to the same quarter last year.
Hilltop Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.17 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.27%. Hilltop's dividend payout ratio (DPR) is 40.24%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on HTH shares. TheStreet cut Hilltop from a "b-" rating to a "c+" rating in a report 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.
Check Out Our Latest Stock Report on Hilltop
Insider Activity at Hilltop
In related news, Director Hill A. Feinberg sold 3,000 shares of the company'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 directly owns 13,776 shares in the company, valued at $435,734.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hilltop news, CEO Martin Bradley Winges sold 30,000 shares of the company's stock in a transaction dated 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 directly owns 98,934 shares in the company, valued at $3,050,135.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hill A. Feinberg sold 3,000 shares of the company's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $31.63, for a total value of $94,890.00. Following the sale, the director now owns 13,776 shares of the company's stock, valued at $435,734.88. The disclosure for this sale can be found here. Insiders own 28.90% of the company's stock.
Institutional Investors Weigh In On Hilltop
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in shares of Hilltop by 200.0% in the first quarter. Tower Research Capital LLC TRC now owns 1,524 shares of the financial services provider's stock worth $45,000 after buying an additional 1,016 shares during the period. FMR LLC boosted its position in shares of Hilltop by 31.5% in the first quarter. FMR LLC now owns 1,888 shares of the financial services provider's stock worth $56,000 after buying an additional 452 shares during the period. Royal Bank of Canada boosted its position in shares of Hilltop by 29.5% in the third quarter. Royal Bank of Canada now owns 2,482 shares of the financial services provider's stock worth $62,000 after buying an additional 565 shares during the period. Captrust Financial Advisors boosted its position in shares of Hilltop by 16.7% in the second quarter. Captrust Financial Advisors now owns 3,192 shares of the financial services provider's stock worth $85,000 after buying an additional 456 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Hilltop by 23.5% in the second quarter. PNC Financial Services Group Inc. now owns 2,733 shares of the financial services provider's stock worth $86,000 after buying an additional 520 shares during the period. 57.13% of the stock is currently owned by institutional investors and hedge funds.
Hilltop Price Performance
The company has a 50-day moving average price of $30.54 and a two-hundred day moving average price of $30.95. The company has a market cap of $1.95 billion, a PE ratio of 17.75 and a beta of 1.12.
About Hilltop
(
Get Free Report)
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.
Further Reading
Before you consider Hilltop, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hilltop wasn't on the list.
While Hilltop currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
