Hilltop (NYSE:HTH) Issues Earnings Results, Beats Expectations By $0.09 EPS

Hilltop (NYSE:HTH - Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.09, Briefing.com reports. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. The firm had revenue of $411.49 million during the quarter, compared to analysts' expectations of $302.29 million. During the same period in the prior year, the company earned $0.57 EPS.

Hilltop Stock Down 1.1 %

HTH opened at $30.21 on Monday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 17.67 and a beta of 1.13. Hilltop has a fifty-two week low of $26.96 and a fifty-two week high of $35.66. The company's 50-day moving average price is $31.82 and its 200 day moving average price is $31.28.

Hilltop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 2.25%. Hilltop's dividend payout ratio (DPR) is 39.77%.

Insider Buying and Selling at Hilltop

In other news, Director Hill A. Feinberg sold 17,157 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 28.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stephens upped their price target on shares of Hilltop from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods upped their price objective on shares of Hilltop from $33.00 to $35.00 and gave the company a "market perform" rating in a research report on Monday, July 29th. Finally, StockNews.com raised shares of Hilltop from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $34.50.

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.