FY2024 EPS Estimates for Hilltop Lifted by Zacks Research

Hilltop Holdings Inc. (NYSE:HTH) – Equities researchers at Zacks Research boosted their FY2024 earnings per share estimates for Hilltop in a research report issued on Monday, November 18th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $1.46 per share for the year, up from their previous forecast of $1.37. The consensus estimate for Hilltop’s current full-year earnings is $1.46 per share. Zacks Research also issued estimates for Hilltop’s Q4 2024 earnings at $0.27 EPS and Q3 2025 earnings at $0.42 EPS.

A number of other equities analysts have also commented on the company. Keefe, Bruyette & Woods boosted their price objective on Hilltop from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. StockNews.com raised shares of Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Stephens boosted their target price on shares of Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hilltop currently has an average rating of “Hold” and an average target price of $34.50.

Hilltop Price Performance

Shares of HTH opened at $31.73 on Wednesday. The company has a market capitalization of $2.06 billion, a P/E ratio of 19.47 and a beta of 1.14. Hilltop has a one year low of $28.58 and a one year high of $35.66. The business’s 50 day simple moving average is $31.74 and its 200-day simple moving average is $31.52.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The business had revenue of $411.49 million during the quarter, compared to analysts’ expectations of $302.29 million. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. During the same quarter last year, the company posted $0.57 EPS.

Hilltop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Friday, November 8th. Hilltop’s dividend payout ratio (DPR) is presently 41.72%.

Insider Activity

In other news, CEO Martin Bradley Winges sold 30,851 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the completion of the transaction, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at $2,535,362.28. This represents a 28.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hill A. Feinberg sold 17,157 shares of Hilltop stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $32.99, for a total value of $566,009.43. Following the completion of the sale, the director now directly owns 544,979 shares in the company, valued at approximately $17,978,857.21. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 29.30% of the company’s stock.

Institutional Trading of Hilltop

A number of institutional investors have recently made changes to their positions in the business. 1620 Investment Advisors Inc. bought a new stake in Hilltop during the 2nd quarter worth about $28,000. Sunbelt Securities Inc. acquired a new position in shares of Hilltop during the 3rd quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hilltop in the 3rd quarter valued at about $49,000. Innealta Capital LLC bought a new position in Hilltop during the second quarter worth about $69,000. Finally, FMR LLC increased its position in Hilltop by 36.7% during the third quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock worth $106,000 after buying an additional 885 shares during the last quarter. Institutional investors own 57.13% of the company’s stock.

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.