Zacks: Analysts Anticipate Hilltop Holdings Inc. (NYSE:HTH) Will Post Quarterly Sales of $394.77 Million

Equities research analysts expect Hilltop Holdings Inc. (NYSE:HTH) to post sales of $394.77 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Hilltop’s earnings, with the lowest sales estimate coming in at $367.00 million and the highest estimate coming in at $416.50 million. Hilltop posted sales of $356.23 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.8%. The business is expected to report its next quarterly earnings report on Thursday, January 23rd.

According to Zacks, analysts expect that Hilltop will report full year sales of $1.61 billion for the current year, with estimates ranging from $1.55 billion to $1.64 billion. For the next fiscal year, analysts expect that the company will report sales of $1.58 billion, with estimates ranging from $1.49 billion to $1.67 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Hilltop.

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Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.33. Hilltop had a return on equity of 10.14% and a net margin of 11.56%. The company had revenue of $454.61 million during the quarter, compared to analyst estimates of $406.30 million. During the same quarter last year, the firm posted $0.38 EPS.

Several equities research analysts recently weighed in on the company. Raymond James raised Hilltop from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Thursday, August 29th. TheStreet raised Hilltop from a “c+” rating to a “b-” rating in a report on Friday, July 19th. ValuEngine raised Hilltop from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Stephens reissued a “hold” rating and issued a $27.00 price objective on shares of Hilltop in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $23.90.

HTH traded down $0.36 during trading hours on Wednesday, hitting $25.22. The stock had a trading volume of 386,206 shares, compared to its average volume of 467,601. The company’s fifty day simple moving average is $24.10 and its 200 day simple moving average is $22.36. Hilltop has a 1 year low of $16.43 and a 1 year high of $25.61. The stock has a market cap of $2.36 billion, a PE ratio of 19.70 and a beta of 0.82. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 0.03.

The business also recently announced a dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date is Thursday, November 14th. Hilltop’s dividend payout ratio is currently 25.00%.

In other Hilltop news, insider Darren E. Parmenter sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $24.00, for a total value of $96,000.00. Following the completion of the transaction, the insider now owns 35,778 shares in the company, valued at approximately $858,672. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 21.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NumerixS Investment Technologies Inc bought a new stake in shares of Hilltop during the 2nd quarter valued at about $26,000. Public Employees Retirement System of Ohio boosted its position in shares of Hilltop by 87.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,404 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 653 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Hilltop during the 2nd quarter valued at about $40,000. Point72 Hong Kong Ltd bought a new stake in shares of Hilltop during the 2nd quarter valued at about $54,000. Finally, Garrett Wealth Advisory Group LLC bought a new stake in shares of Hilltop during the 3rd quarter valued at about $86,000. Institutional investors and hedge funds own 61.73% of the company’s stock.

About Hilltop

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. 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, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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