Hilltop (NYSE:HTH) Issues Quarterly Earnings Results

Hilltop (NYSE:HTH) released its quarterly earnings results on Thursday. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.20), FiscalAI reports. The business had revenue of $309.51 million for the quarter, compared to analysts’ expectations of $320.37 million. Hilltop had a net margin of 10.17% and a return on equity of 7.40%.

Hilltop Stock Performance

Shares of NYSE HTH traded up $0.79 during trading on Thursday, hitting $37.29. 252,113 shares of the company were exchanged, compared to its average volume of 324,065. Hilltop has a 12-month low of $31.75 and a 12-month high of $40.41. The company has a fifty day moving average price of $38.11 and a 200-day moving average price of $38.04. The firm has a market capitalization of $2.14 billion, a PE ratio of 13.81 and a beta of 0.89.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Rhodes Bobbitt sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $40.12, for a total value of $802,400.00. Following the sale, the director owned 56,096 shares of the company’s stock, valued at $2,250,571.52. This trade represents a 26.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 52,555 shares of company stock worth $2,087,714. Insiders own 5.40% of the company’s stock.

About Hilltop

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.