Q2 2020 Earnings Estimate for Hilltop Holdings Inc. (NYSE:HTH) Issued By SunTrust Banks

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Hilltop Holdings Inc. (NYSE:HTH) – Stock analysts at SunTrust Banks upped their Q2 2020 earnings per share estimates for Hilltop in a report released on Tuesday, June 30th. SunTrust Banks analyst M. Young now forecasts that the financial services provider will post earnings of $0.46 per share for the quarter, up from their prior estimate of $0.40. SunTrust Banks currently has a “Buy” rating and a $20.00 target price on the stock. SunTrust Banks also issued estimates for Hilltop’s Q3 2020 earnings at $0.64 EPS, FY2020 earnings at $2.16 EPS and Q1 2021 earnings at $0.25 EPS.

Several other equities analysts have also weighed in on HTH. Zacks Investment Research lowered shares of Hilltop from a “hold” rating to a “sell” rating and set a $19.00 price target for the company. in a research report on Monday, June 22nd. ValuEngine upgraded shares of Hilltop from a “strong sell” rating to a “sell” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Hilltop presently has a consensus rating of “Hold” and an average price target of $22.00.

HTH opened at $18.08 on Wednesday. The firm has a market cap of $1.63 billion, a P/E ratio of 7.15 and a beta of 1.23. The firm has a 50-day moving average of $17.70 and a 200 day moving average of $19.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.97. Hilltop has a fifty-two week low of $11.05 and a fifty-two week high of $26.28.

Hilltop (NYSE:HTH) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.16. Hilltop had a net margin of 12.87% and a return on equity of 11.06%. The firm had revenue of $382.05 million during the quarter, compared to analyst estimates of $389.55 million. During the same quarter in the prior year, the business posted $0.41 EPS.

In other Hilltop news, Director W Robert Nichols III sold 20,000 shares of the company’s stock in a transaction dated Friday, April 3rd. The shares were sold at an average price of $14.59, for a total transaction of $291,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hill A. Feinberg sold 12,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $20.66, for a total transaction of $258,250.00. Following the sale, the director now directly owns 722,037 shares in the company, valued at $14,917,284.42. The disclosure for this sale can be found here. 20.90% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Arden Trust Co purchased a new stake in shares of Hilltop in the first quarter worth about $28,000. Tower Research Capital LLC TRC lifted its holdings in shares of Hilltop by 627.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,302 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,123 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hilltop by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,726 shares of the financial services provider’s stock worth $117,000 after buying an additional 2,938 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Hilltop in the fourth quarter worth about $134,000. Finally, C M Bidwell & Associates Ltd. lifted its holdings in shares of Hilltop by 26.3% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 5,505 shares of the financial services provider’s stock worth $137,000 after buying an additional 1,145 shares in the last quarter. 61.68% of the stock is currently owned by hedge funds and other institutional investors.

Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. 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, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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Earnings History and Estimates for Hilltop (NYSE:HTH)

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