Hilltop (NYSE:HTH) Posts Earnings Results, Beats Expectations By $0.63 EPS

Hilltop (NYSE:HTH) posted its earnings results on Thursday. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.63, MarketWatch Earnings reports. The company had revenue of $572.68 million for the quarter, compared to analyst estimates of $405.40 million. Hilltop had a return on equity of 12.84% and a net margin of 15.53%.

NYSE:HTH traded down $0.33 during trading hours on Friday, hitting $19.47. 1,112,881 shares of the company were exchanged, compared to its average volume of 411,817. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.78. Hilltop has a 52-week low of $11.05 and a 52-week high of $26.28. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 5.78 and a beta of 1.26. The company’s 50 day moving average price is $17.95 and its 200-day moving average price is $18.78.

In other news, Director W Robert Nichols III purchased 5,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $15.10 per share, for a total transaction of $75,500.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hill A. Feinberg sold 12,500 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $20.66, for a total value of $258,250.00. Following the completion of the transaction, the director now directly owns 722,037 shares in the company, valued at $14,917,284.42. The disclosure for this sale can be found here. Corporate insiders own 20.90% of the company’s stock.

A number of analysts have recently weighed in on HTH shares. ValuEngine cut shares of Hilltop from a “sell” rating to a “strong sell” rating in a report on Friday, July 3rd. Zacks Investment Research lowered shares of Hilltop from a “hold” rating to a “sell” rating and set a $19.00 price target on the stock. in a report on Monday, June 22nd. Finally, SunTrust Banks increased their price objective on Hilltop from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Hilltop presently has a consensus rating of “Hold” and a consensus target price of $22.00.

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 for Hilltop (NYSE:HTH)

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