Hilltop (NYSE:HTH – Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13, FiscalAI reports. Hilltop had a return on equity of 7.32% and a net margin of 10.13%.The company had revenue of $315.81 million for the quarter, compared to analyst estimates of $306.18 million.
Hilltop Trading Down 0.8%
Shares of NYSE:HTH traded down $0.29 during trading on Thursday, hitting $37.85. 343,478 shares of the company’s stock traded hands, compared to its average volume of 340,514. The company has a 50-day moving average price of $37.96 and a 200-day moving average price of $37.26. Hilltop has a 52 week low of $29.20 and a 52 week high of $40.41. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 14.34 and a beta of 0.88.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on HTH. Zacks Research upgraded Hilltop from a “strong sell” rating to a “strong-buy” rating in a report on Monday, May 4th. Wall Street Zen cut Hilltop from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings downgraded shares of Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.50.
Insider Transactions at Hilltop
In other news, Director Rhodes R. Bobbitt sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $38.00, for a total transaction of $380,000.00. Following the completion of the transaction, the director directly owned 87,016 shares of the company’s stock, valued at $3,306,608. This represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Keith E. Bornemann sold 2,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $38.00, for a total value of $76,000.00. Following the transaction, the chief accounting officer owned 7,912 shares of the company’s stock, valued at approximately $300,656. The trade was a 20.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 32,000 shares of company stock valued at $1,206,000. Corporate insiders own 5.40% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in HTH. EverSource Wealth Advisors LLC grew its holdings in Hilltop by 584.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 918 shares during the period. Danske Bank A S bought a new stake in Hilltop in the third quarter valued at approximately $43,000. Smartleaf Asset Management LLC raised its stake in Hilltop by 36.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,817 shares of the financial services provider’s stock valued at $62,000 after buying an additional 483 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Hilltop in the fourth quarter valued at approximately $111,000. Finally, Zacks Investment Management acquired a new stake in shares of Hilltop in the third quarter valued at approximately $218,000. Institutional investors and hedge funds own 57.13% of the company’s stock.
About Hilltop
Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.
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