Hilltop (NYSE:HTH) Issues Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Hilltop (NYSE:HTH) posted its quarterly earnings data on Thursday. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.27, Zacks reports. Hilltop had a net margin of 6.65% and a return on equity of 4.90%.

Hilltop Price Performance

Shares of NYSE HTH traded up $0.22 during midday trading on Thursday, hitting $29.85. The company’s stock had a trading volume of 438,154 shares, compared to its average volume of 360,751. Hilltop has a 1 year low of $26.67 and a 1 year high of $35.32. The business’s fifty day simple moving average is $29.83 and its two-hundred day simple moving average is $31.24. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 18.31 and a beta of 1.15.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on shares of Hilltop from $34.00 to $35.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Raymond James cut shares of Hilltop from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $34.50.

Insider Activity

In other Hilltop news, CAO Keith E. Bornemann sold 2,500 shares of Hilltop stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $32.00, for a total transaction of $80,000.00. Following the completion of the sale, the chief accounting officer now directly owns 9,124 shares of the company’s stock, valued at $291,968. The trade was a 21.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $32.61, for a total value of $1,006,051.11. Following the completion of the transaction, the chief executive officer now owns 77,748 shares in the company, valued at approximately $2,535,362.28. The trade was a 28.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 29.30% of the company’s stock.

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.