Analysts expect Hilltop Holdings Inc. (NYSE:HTH) to report $452.40 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Hilltop’s earnings, with the lowest sales estimate coming in at $438.10 million and the highest estimate coming in at $466.70 million. Hilltop posted sales of $454.61 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.5%. The business is scheduled to announce its next earnings report before the market opens on Friday, October 23rd.
On average, analysts expect that Hilltop will report full-year sales of $1.79 billion for the current year, with estimates ranging from $1.76 billion to $1.82 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.45 billion, with estimates ranging from $1.39 billion to $1.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Hilltop.
Hilltop (NYSE:HTH) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.63. Hilltop had a return on equity of 12.59% and a net margin of 15.53%. The business had revenue of $572.68 million during the quarter, compared to the consensus estimate of $405.40 million.
In related news, Director Hill A. Feinberg sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $20.46, for a total transaction of $409,200.00. Following the completion of the transaction, the director now directly owns 702,037 shares in the company, valued at approximately $14,363,677.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.90% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its stake in Hilltop by 140.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 25,130 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 14,657 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Hilltop by 24.4% in the first quarter. JPMorgan Chase & Co. now owns 824,616 shares of the financial services provider’s stock valued at $12,468,000 after buying an additional 161,801 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Hilltop by 8.4% in the first quarter. Parametric Portfolio Associates LLC now owns 221,005 shares of the financial services provider’s stock valued at $3,342,000 after acquiring an additional 17,105 shares during the period. Wells Fargo & Company MN grew its position in shares of Hilltop by 15.8% during the first quarter. Wells Fargo & Company MN now owns 150,135 shares of the financial services provider’s stock worth $2,270,000 after acquiring an additional 20,470 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Hilltop by 15.5% in the 1st quarter. Geode Capital Management LLC now owns 1,084,604 shares of the financial services provider’s stock valued at $16,399,000 after acquiring an additional 145,784 shares during the period. Institutional investors and hedge funds own 62.68% of the company’s stock.
HTH stock traded up $0.29 during trading on Monday, reaching $20.87. The company had a trading volume of 366,414 shares, compared to its average volume of 517,437. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 6.19 and a beta of 1.31. Hilltop has a twelve month low of $11.05 and a twelve month high of $26.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.81 and a current ratio of 1.00. The firm has a 50-day simple moving average of $20.13 and a 200-day simple moving average of $17.99.
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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