Q3 2024 EPS Estimates for Hilltop Holdings Inc. (NYSE:HTH) Lifted by Analyst

Hilltop Holdings Inc. (NYSE:HTH - Free Report) - Stock analysts at Zacks Research raised their Q3 2024 earnings estimates for shares of Hilltop in a research report issued to clients and investors on Wednesday, October 2nd. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $0.38 per share for the quarter, up from their prior estimate of $0.36. The consensus estimate for Hilltop's current full-year earnings is $1.36 per share. Zacks Research also issued estimates for Hilltop's FY2024 earnings at $1.37 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.41 EPS, FY2025 earnings at $1.51 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.45 EPS, Q3 2026 earnings at $0.49 EPS and FY2026 earnings at $1.92 EPS.

Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. Hilltop had a return on equity of 5.30% and a net margin of 7.10%. The company had revenue of $297.00 million during the quarter, compared to analyst estimates of $283.22 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. Hilltop's revenue was down 3.9% compared to the same quarter last year.

Several other brokerages have also recently weighed in on HTH. Keefe, Bruyette & Woods lifted their price target on shares of Hilltop from $33.00 to $35.00 and gave the stock a "market perform" rating in a research note on Monday, July 29th. Stephens boosted their price target on Hilltop from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Tuesday, July 30th. Finally, StockNews.com downgraded Hilltop from a "hold" rating to a "sell" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $34.50.

Hilltop Stock Up 0.3 %

Shares of Hilltop stock traded up $0.10 during trading hours on Friday, reaching $31.28. 287,277 shares of the stock traded hands, compared to its average volume of 308,077. Hilltop has a one year low of $26.78 and a one year high of $35.66. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 18.23 and a beta of 1.13. The company has a 50 day moving average price of $31.89 and a 200 day moving average price of $31.19.

Institutional Investors Weigh In On Hilltop

Large investors have recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC purchased a new position in shares of Hilltop in the 4th quarter worth approximately $638,000. Rafferty Asset Management LLC increased its position in Hilltop by 49.8% during the fourth quarter. Rafferty Asset Management LLC now owns 70,428 shares of the financial services provider's stock valued at $2,480,000 after acquiring an additional 23,399 shares during the last quarter. Scout Investments Inc. raised its stake in shares of Hilltop by 3.1% in the fourth quarter. Scout Investments Inc. now owns 193,713 shares of the financial services provider's stock valued at $6,821,000 after acquiring an additional 5,765 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Hilltop by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 5,239,587 shares of the financial services provider's stock worth $184,486,000 after acquiring an additional 105,716 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Hilltop by 9.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,742 shares of the financial services provider's stock worth $368,000 after purchasing an additional 1,049 shares during the period. Institutional investors own 57.13% of the company's stock.

Insider Activity

In other Hilltop news, Director Hill A. Feinberg sold 17,157 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $32.99, for a total value of $566,009.43. Following the completion of the transaction, the director now directly owns 544,979 shares in the company, valued at $17,978,857.21. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 28.90% of the company's stock.

Hilltop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, August 16th. This represents a $0.68 dividend on an annualized basis and a yield of 2.17%. Hilltop's dividend payout ratio is presently 39.77%.

Hilltop Company Profile

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.