FY2020 Earnings Forecast for Hilltop Holdings Inc. Issued By SunTrust Banks (HTH)

Hilltop Holdings Inc. (NYSE:HTH) – Stock analysts at SunTrust Banks decreased their FY2020 earnings per share estimates for shares of Hilltop in a research note issued to investors on Monday, April 29th, according to Zacks Investment Research. SunTrust Banks analyst M. Young now expects that the financial services provider will post earnings per share of $1.66 for the year, down from their prior forecast of $1.71.

Hilltop (NYSE:HTH) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.15. Hilltop had a net margin of 8.30% and a return on equity of 6.90%. The firm had revenue of $361.40 million during the quarter, compared to analysts’ expectations of $335.96 million. During the same period last year, the company posted $0.25 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on HTH. Stephens reissued a “hold” rating and set a $19.00 price target on shares of Hilltop in a research report on Friday, January 25th. Compass Point reissued a “buy” rating and set a $21.50 price target (down from $25.00) on shares of Hilltop in a research report on Monday, January 28th. Zacks Investment Research cut shares of Hilltop from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. ValuEngine cut shares of Hilltop from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Finally, Piper Jaffray Companies raised shares of Hilltop from a “neutral” rating to an “overweight” rating and set a $21.00 price target for the company in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Hilltop currently has a consensus rating of “Buy” and a consensus target price of $21.90.

Shares of NYSE:HTH traded down $0.19 on Thursday, hitting $20.21. The company had a trading volume of 367,755 shares, compared to its average volume of 471,504. Hilltop has a 1 year low of $16.43 and a 1 year high of $24.09. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 15.79 and a beta of 0.89. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 0.03.

A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in shares of Hilltop by 36.2% in the third quarter. Renaissance Technologies LLC now owns 107,284 shares of the financial services provider’s stock worth $2,164,000 after acquiring an additional 28,500 shares during the period. Verition Fund Management LLC bought a new stake in shares of Hilltop in the third quarter worth approximately $248,000. MetLife Investment Advisors LLC grew its stake in shares of Hilltop by 53.6% in the third quarter. MetLife Investment Advisors LLC now owns 52,841 shares of the financial services provider’s stock worth $1,066,000 after acquiring an additional 18,432 shares during the period. AQR Capital Management LLC grew its stake in shares of Hilltop by 3.4% in the third quarter. AQR Capital Management LLC now owns 213,413 shares of the financial services provider’s stock worth $4,305,000 after acquiring an additional 7,046 shares during the period. Finally, Teachers Advisors LLC grew its stake in shares of Hilltop by 2.9% in the third quarter. Teachers Advisors LLC now owns 955,470 shares of the financial services provider’s stock worth $19,272,000 after acquiring an additional 26,617 shares during the period. 61.58% of the stock is owned by institutional investors and hedge funds.

In other Hilltop news, CEO Alan B. White sold 8,657 shares of Hilltop stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $19.40, for a total value of $167,945.80. Following the completion of the transaction, the chief executive officer now directly owns 214,150 shares of the company’s stock, valued at $4,154,510. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alan B. White sold 69,029 shares of Hilltop stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $19.36, for a total transaction of $1,336,401.44. Following the completion of the transaction, the chief executive officer now directly owns 214,150 shares of the company’s stock, valued at $4,145,944. The disclosure for this sale can be found here. 22.30% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.58%. Hilltop’s dividend payout ratio (DPR) is currently 25.00%.

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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Earnings History and Estimates for Hilltop (NYSE:HTH)

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