Hilltop (NYSE:HTH) Issues Earnings Results, Beats Estimates By $0.07 EPS

Hilltop (NYSE:HTH) released its earnings results on Thursday. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.39 by $0.07, Briefing.com reports. The business had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. Hilltop had a return on equity of 5.30% and a net margin of 7.10%. During the same period in the previous year, the company posted $0.57 earnings per share.

Hilltop Price Performance

Hilltop stock traded down $0.34 during midday trading on Friday, reaching $30.21. 362,382 shares of the company traded hands, compared to its average volume of 309,392. Hilltop has a 12 month low of $26.96 and a 12 month high of $35.66. The business has a 50 day moving average of $31.84 and a two-hundred day moving average of $31.27. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 17.85 and a beta of 1.13.

Insiders Place Their Bets

In other news, Director Hill A. Feinberg sold 17,157 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $32.99, for a total value of $566,009.43. Following the transaction, the director now directly owns 544,979 shares in the company, valued at $17,978,857.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 28.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.