Q3 2024 EPS Estimates for Hilltop Holdings Inc. (NYSE:HTH) Increased by Analyst

Hilltop Holdings Inc. (NYSE:HTH) – Zacks Research boosted their Q3 2024 EPS estimates for shares of Hilltop in a research report issued on Wednesday, August 14th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $0.36 for the quarter, up from their previous estimate of $0.35. The consensus estimate for Hilltop’s current full-year earnings is $1.36 per share. Zacks Research also issued estimates for Hilltop’s Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $1.34 EPS, Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.47 EPS and Q1 2026 earnings at $0.44 EPS.

Hilltop (NYSE:HTH) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $297.00 million during the quarter, compared to analyst estimates of $283.22 million. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS.

HTH has been the subject of several other research reports. StockNews.com lowered shares of Hilltop from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Stephens lifted their price objective on shares of Hilltop from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, Hilltop has an average rating of “Hold” and a consensus price target of $34.50.

Hilltop Trading Up 1.1 %

Hilltop stock opened at $31.28 on Friday. The firm has a 50-day moving average price of $31.28 and a 200-day moving average price of $30.93. The firm has a market capitalization of $2.04 billion, a PE ratio of 18.29 and a beta of 1.12. Hilltop has a 12-month low of $26.78 and a 12-month high of $35.66.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. 1620 Investment Advisors Inc. purchased a new position in Hilltop during the 2nd quarter valued at about $28,000. Innealta Capital LLC purchased a new position in shares of Hilltop in the 2nd quarter worth approximately $69,000. SG Americas Securities LLC grew its position in shares of Hilltop by 91.1% in the 1st quarter. SG Americas Securities LLC now owns 8,186 shares of the financial services provider’s stock worth $256,000 after buying an additional 3,902 shares during the last quarter. Duality Advisers LP purchased a new position in shares of Hilltop in the 1st quarter worth approximately $275,000. Finally, ProShare Advisors LLC grew its position in shares of Hilltop by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 9,407 shares of the financial services provider’s stock worth $295,000 after buying an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Insider Activity at Hilltop

In other Hilltop news, Director Hill A. Feinberg sold 3,776 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $29.91, for a total transaction of $112,940.16. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $299,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 28.90% of the stock is currently owned by company insiders.

Hilltop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.68 dividend on an annualized basis and a yield of 2.17%. Hilltop’s payout ratio is 39.77%.

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.