Q2 2024 Earnings Estimate for Hilltop Holdings Inc. (NYSE:HTH) Issued By Zacks Research

Hilltop Holdings Inc. (NYSE:HTH) – Research analysts at Zacks Research cut their Q2 2024 EPS estimates for shares of Hilltop in a note issued to investors on Wednesday, May 22nd. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $0.23 for the quarter, down from their prior forecast of $0.25. The consensus estimate for Hilltop’s current full-year earnings is $1.31 per share. Zacks Research also issued estimates for Hilltop’s Q3 2024 earnings at $0.35 EPS, Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $1.24 EPS, Q1 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $1.45 EPS, Q1 2026 earnings at $0.42 EPS and FY2026 earnings at $1.88 EPS.

Separately, TheStreet downgraded shares of Hilltop from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

Hilltop Stock Performance

Shares of NYSE HTH opened at $31.20 on Thursday. The business has a 50 day simple moving average of $30.61 and a 200 day simple moving average of $31.48. Hilltop has a 52 week low of $26.78 and a 52 week high of $35.66. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 18.25 and a beta of 1.10.

Hilltop (NYSE:HTH) last issued its earnings results on Friday, April 19th. The financial services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. Hilltop had a return on equity of 5.24% and a net margin of 6.95%. The firm had revenue of $285.24 million for the quarter, compared to the consensus estimate of $274.55 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HTH. North Reef Capital Management LP boosted its stake in Hilltop by 46.9% during the 3rd quarter. North Reef Capital Management LP now owns 2,525,000 shares of the financial services provider’s stock valued at $71,609,000 after purchasing an additional 806,091 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Hilltop by 523.1% in the third quarter. Assenagon Asset Management S.A. now owns 551,596 shares of the financial services provider’s stock valued at $15,643,000 after acquiring an additional 463,071 shares during the period. First Dallas Securities Inc. acquired a new stake in shares of Hilltop in the third quarter worth $5,672,000. Vanguard Group Inc. increased its position in Hilltop by 2.9% during the first quarter. Vanguard Group Inc. now owns 5,393,284 shares of the financial services provider’s stock worth $168,918,000 after acquiring an additional 153,697 shares during the period. Finally, Keeley Teton Advisors LLC raised its stake in Hilltop by 126.6% during the 3rd quarter. Keeley Teton Advisors LLC now owns 107,522 shares of the financial services provider’s stock valued at $3,049,000 after purchasing an additional 60,065 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

Insider Activity

In other Hilltop news, Director Hill A. Feinberg sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $31.63, for a total transaction of $94,890.00. Following the completion of the sale, the director now owns 13,776 shares of the company’s stock, valued at $435,734.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.90% of the stock is currently owned by insiders.

Hilltop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.18%. Hilltop’s dividend payout ratio is currently 39.77%.

About Hilltop

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.