Hilltop (NYSE:HTH) Announces Quarterly Earnings Results

Hilltop (NYSE:HTH) issued its quarterly earnings results on Thursday. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.27, Zacks reports. Hilltop had a net margin of 6.65% and a return on equity of 4.90%.

Hilltop Trading Up 0.7 %

Hilltop stock opened at $29.85 on Friday. The stock has a market cap of $1.94 billion, a P/E ratio of 18.31 and a beta of 1.15. The company has a fifty day simple moving average of $29.79 and a 200-day simple moving average of $31.23. Hilltop has a 12-month low of $26.67 and a 12-month high of $35.32.

Insider Buying and Selling at Hilltop

In related news, CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $32.61, for a total value of $1,006,051.11. Following the transaction, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at $2,535,362.28. This trade represents a 28.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Keith E. Bornemann sold 2,500 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $32.00, for a total transaction of $80,000.00. Following the completion of the sale, the chief accounting officer now directly owns 9,124 shares of the company’s stock, valued at approximately $291,968. This trade represents a 21.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Raymond James lowered Hilltop from a “market perform” rating to an “underperform” rating in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods upped their price target on Hilltop from $34.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.50.

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.