Hilltop (NYSE:HTH) Announces Quarterly Earnings Results

Hilltop (NYSE:HTH – Get Free Report) posted its earnings results on Thursday. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.20), FiscalAI reports. Hilltop had a net margin of 10.17% and a return on equity of 7.40%. The company had revenue of $309.51 million for the quarter, compared to the consensus estimate of $320.37 million.

Hilltop Trading Up 2.2%

Shares of HTH stock traded up $0.79 on Thursday, hitting $37.29. 252,113 shares of the stock were exchanged, compared to its average volume of 324,065. Hilltop has a fifty-two week low of $31.75 and a fifty-two week high of $40.41. The business has a 50-day moving average of $38.11 and a 200 day moving average of $38.04. The firm has a market capitalization of $2.14 billion, a P/E ratio of 13.81 and a beta of 0.89.

Wall Street Analyst Weigh In

HTH has been the subject of a number of research reports. Weiss Ratings raised shares of Hilltop from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday. Piper Sandler reissued a “neutral” rating and issued a $42.00 target price on shares of Hilltop in a research note on Tuesday, July 28th. Raymond James Financial cut Hilltop from a “market perform” rating to an “underperform” rating in a report on Tuesday, October 6th. Zacks Research lowered shares of Hilltop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Hilltop from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.00.

Read Our Latest Research Report on HTH

Insider Transactions at Hilltop

In other Hilltop news, Director Rhodes Bobbitt sold 5,000 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $38.80, for a total transaction of $194,000.00. Following the sale, the director directly owned 25,641 shares of the company’s stock, valued at $994,870.80. The trade was a 16.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 52,555 shares of company stock valued at $2,087,714. 5.40% of the stock is currently owned by insiders.

Hilltop Company Profile

(Get Free Report)

Hilltop Holdings Inc (NYSE: HTH) is a Dallas-based financial services holding company. Through its operating subsidiaries, the company provides commercial and consumer banking, mortgage lending, and securities brokerage and investment-banking services.

PlainsCapital Bank is Hilltop’s banking subsidiary and serves businesses, professionals, and individuals primarily in Texas. Its offerings include commercial and real estate lending, deposit accounts, treasury management, wealth management, and other banking services.

Hilltop also operates PrimeLending, a residential mortgage lender that originates home loans through a network of loan officers and offices across the United States.

Further Reading

Earnings History for Hilltop (NYSE:HTH)

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