Hilltop Holdings Inc. (NYSE:HTH) – Equities researchers at Piper Sandler lowered their FY2022 earnings estimates for shares of Hilltop in a report issued on Sunday, January 30th. Piper Sandler analyst B. Milsaps now anticipates that the financial services provider will post earnings of $2.15 per share for the year, down from their previous forecast of $2.65. Piper Sandler also issued estimates for Hilltop’s Q4 2022 earnings at $0.55 EPS and FY2023 earnings at $2.40 EPS.
Hilltop (NYSE:HTH) last announced its earnings results on Thursday, January 27th. The financial services provider reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Hilltop had a net margin of 19.30% and a return on equity of 14.99%. The company had revenue of $389.14 million during the quarter, compared to the consensus estimate of $421.11 million. During the same period last year, the firm earned $1.30 earnings per share. Hilltop’s revenue was down 29.9% compared to the same quarter last year.
NYSE:HTH opened at $32.51 on Wednesday. The company’s 50-day moving average is $35.15 and its two-hundred day moving average is $34.35. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 7.07 and a beta of 1.09. Hilltop has a 1-year low of $30.22 and a 1-year high of $39.60.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 28th. Stockholders of record on Tuesday, February 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Monday, February 14th. This is a boost from Hilltop’s previous quarterly dividend of $0.12. Hilltop’s dividend payout ratio (DPR) is 10.43%.
In related news, Director Hill A. Feinberg sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 6th. The shares were sold at an average price of $35.36, for a total value of $353,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 22.30% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Hilltop by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,848,230 shares of the financial services provider’s stock worth $249,276,000 after buying an additional 120,415 shares during the period. State Street Corp boosted its position in shares of Hilltop by 20.0% in the second quarter. State Street Corp now owns 4,429,329 shares of the financial services provider’s stock valued at $161,228,000 after acquiring an additional 737,275 shares during the period. FMR LLC boosted its position in shares of Hilltop by 18.0% in the second quarter. FMR LLC now owns 2,695,196 shares of the financial services provider’s stock valued at $98,106,000 after acquiring an additional 411,667 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Hilltop by 2.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,492,244 shares of the financial services provider’s stock valued at $48,752,000 after purchasing an additional 29,454 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Hilltop by 2.3% in the second quarter. Geode Capital Management LLC now owns 1,247,774 shares of the financial services provider’s stock valued at $45,418,000 after purchasing an additional 28,394 shares in the last quarter. 62.99% of the stock is owned by institutional investors.
About Hilltop
Hilltop Holdings, Inc engages in the provision of business and consumer banking services. It operates through the following segments: Banking, Broker-Dealer, Mortgage Origination and Insurance. The Banking segment includes business banking, personal banking, wealth and investment management. The Broker-Dealer segment includes the following lines of business: public finance, capital markets, retail, structured finance, clearing services and securities lending.
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