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Hilltop Holdings

DB:WXF
Snowflake Description

Flawless balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WXF
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Hilltop Holdings Inc. provides banking and financial products and services. The last earnings update was 82 days ago. More info.


Add to Portfolio Compare Print
WXF Share Price and Events
7 Day Returns
-0.5%
DB:WXF
2%
DE Banks
-1%
DE Market
1 Year Returns
3.5%
DB:WXF
-23.8%
DE Banks
-6.2%
DE Market
WXF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hilltop Holdings (WXF) -0.5% 7.8% 5.6% 3.5% -4% 22.4%
DE Banks 2% 3.9% -15.3% -23.8% 6.2% -32.8%
DE Market -1% 2.1% -1.8% -6.2% 10.4% 12.6%
1 Year Return vs Industry and Market
  • WXF outperformed the Banks industry which returned -23.8% over the past year.
  • WXF outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
WXF
Industry
5yr Volatility vs Market

Value

 Is Hilltop Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hilltop Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hilltop Holdings.

DB:WXF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $22.97 * 7%
$1.60
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $22.97
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:WXF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (138%))
1.16
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.16 * 5.96%)
7.14%

Discounted Cash Flow Calculation for DB:WXF using Excess Returns Model Model

The calculations below outline how an intrinsic value for Hilltop Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:WXF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7% – 7.14%) * $22.97)
$-0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.04 / (7.14% - 0.23%)
$-0.56
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $22.97 + $-0.56
$22.4
DB:WXF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WXF represents 0.89377x of NYSE:HTH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89377x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 22.40 x 0.89377
€20.02
Value per share (EUR) From above. €20.02
Current discount Discount to share price of €19.10
= -1 x (€19.10 - €20.02) / €20.02
4.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hilltop Holdings is available for.
Intrinsic value
5%
Share price is €19.1 vs Future cash flow value of €20.02
Current Discount Checks
For Hilltop Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hilltop Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Hilltop Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hilltop Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hilltop Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WXF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.44
NYSE:HTH Share Price ** NYSE (2019-07-16) in USD $21.37
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 14.76x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 19.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hilltop Holdings.

DB:WXF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HTH Share Price ÷ EPS (both in USD)

= 21.37 ÷ 1.44

14.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hilltop Holdings is overvalued based on earnings compared to the DE Banks industry average.
  • Hilltop Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hilltop Holdings's expected growth come at a high price?
Raw Data
DB:WXF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
10.7%per year
Europe Banks Industry PEG Ratio Median Figure of 114 Publicly-Listed Banks Companies 0.89x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:WXF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.86x ÷ 10.7%

1.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hilltop Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hilltop Holdings's assets?
Raw Data
DB:WXF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $21.23
NYSE:HTH Share Price * NYSE (2019-07-16) in USD $21.37
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.7x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:WXF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HTH Share Price ÷ Book Value per Share (both in USD)

= 21.37 ÷ 21.23

1.01x

* Primary Listing of Hilltop Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hilltop Holdings is overvalued based on assets compared to the DE Banks industry average.
X
Value checks
We assess Hilltop Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Hilltop Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hilltop Holdings expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hilltop Holdings expected to grow at an attractive rate?
  • Hilltop Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hilltop Holdings's earnings growth is positive but not above the Germany market average.
  • Hilltop Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WXF Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WXF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 10.7%
DB:WXF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 0.8%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
Germany Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:WXF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WXF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,500 167 2
2019-12-31 1,501 154 2
DB:WXF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,474 530 136
2018-12-31 1,454 390 121
2018-09-30 1,498 492 107
2018-06-30 1,520 -109 101
2018-03-31 1,564 -485 131
2017-12-31 1,586 -321 133
2017-09-30 1,601 -425 154
2017-06-30 1,649 -270 176
2017-03-31 1,638 156 145
2016-12-31 1,644 -161 146
2016-09-30 1,607 -203 131
2016-06-30 1,563 -286 126

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hilltop Holdings's earnings are expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
  • Hilltop Holdings's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WXF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Hilltop Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WXF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.79 1.98 1.60 6.00
2019-12-31 1.73 1.80 1.60 6.00
DB:WXF Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.44
2018-12-31 1.28
2018-09-30 1.12
2018-06-30 1.06
2018-03-31 1.35
2017-12-31 1.36
2017-09-30 1.58
2017-06-30 1.79
2017-03-31 1.47
2016-12-31 1.48
2016-09-30 1.33
2016-06-30 1.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hilltop Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hilltop Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hilltop Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hilltop Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hilltop Holdings's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hilltop Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Hilltop Holdings's 1-year earnings growth exceeds its 5-year average (4% vs -2.6%)
  • Hilltop Holdings's earnings growth has not exceeded the DE Banks industry average in the past year (4% vs 4.7%).
Earnings and Revenue History
Hilltop Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hilltop Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WXF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,474.10 135.79 1,011.29
2018-12-31 1,454.03 121.44 1,005.56
2018-09-30 1,498.26 106.75 1,030.39
2018-06-30 1,520.05 101.16 1,032.20
2018-03-31 1,564.32 130.55 1,046.99
2017-12-31 1,585.78 132.54 1,051.08
2017-09-30 1,601.15 154.44 1,150.97
2017-06-30 1,648.59 176.16 1,139.24
2017-03-31 1,637.90 144.88 1,114.28
2016-12-31 1,643.88 145.89 1,091.45
2016-09-30 1,606.94 131.20 938.63
2016-06-30 1,563.38 125.96 915.94
2016-03-31 1,547.77 124.31 902.70
2015-12-31 1,542.22 208.17 995.74
2015-09-30 1,471.44 219.08 851.83
2015-06-30 1,359.22 195.66 773.62
2015-03-31 1,253.50 193.07 692.70
2014-12-31 1,143.52 105.40 613.78
2014-09-30 1,111.21 103.21 590.11
2014-06-30 1,081.11 117.90 578.50
2014-03-31 1,081.29 111.61 581.17
2013-12-31 1,096.54 120.34 584.00
2013-09-30 958.73 99.54 483.16
2013-06-30 735.79 57.53 345.16
2013-03-31 478.71 26.18 194.81
2012-12-31 249.27 -5.85 61.68
2012-09-30 150.12 -9.37 7.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hilltop Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hilltop Holdings used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Hilltop Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Hilltop Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hilltop Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hilltop Holdings's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Hilltop Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hilltop Holdings Company Filings, last reported 3 months ago.

DB:WXF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,015.13 2,645.27 1,135.31
2018-12-31 1,973.89 2,574.12 1,013.17
2018-09-30 1,964.16 2,859.65 1,231.12
2018-06-30 1,916.41 3,251.79 1,248.89
2018-03-31 1,925.46 2,790.20 1,501.68
2017-12-31 1,914.81 2,710.54 1,145.55
2017-09-30 1,909.36 3,309.48 1,204.22
2017-06-30 1,893.05 3,214.99 1,055.27
2017-03-31 1,889.31 2,559.08 1,111.96
2016-12-31 1,874.52 3,121.63 664.90
2016-09-30 1,849.37 2,835.17 1,173.37
2016-06-30 1,796.45 3,475.99 1,157.96
2016-03-31 1,760.01 2,398.59 1,062.91
2015-12-31 1,738.13 2,493.99 650.08
2015-09-30 1,716.83 3,192.99 987.79
2015-06-30 1,674.63 3,336.21 988.03
2015-03-31 1,782.32 3,050.58 1,144.18
2014-12-31 1,461.24 1,017.06 428.66
2014-09-30 1,423.74 1,136.44 713.69
2014-06-30 1,397.16 1,463.10 750.45
2014-03-31 1,355.21 711.71 970.76
2013-12-31 1,311.92 546.08 404.24
2013-09-30 1,206.35 611.56 1,059.53
2013-06-30 1,171.80 1,341.67 662.15
2013-03-31 1,178.59 951.81 673.30
2012-12-31 1,146.55 1,057.47 503.91
2012-09-30 640.81 131.45 574.17
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Hilltop Holdings has an acceptable proportion of non-loan assets held.
  • Hilltop Holdings's liabilities are made up of primarily low risk sources of funding.
  • Loans at Hilltop Holdings are broadly funded by customer deposits.
  • Hilltop Holdings's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Hilltop Holdings has a sufficient allowance for bad loans.
  • Hilltop Holdings has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Hilltop Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hilltop Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hilltop Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.5%
Current annual income from Hilltop Holdings dividends. Estimated to be 1.53% next year.
If you bought €2,000 of Hilltop Holdings shares you are expected to receive €30 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hilltop Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Hilltop Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.82%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:WXF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:WXF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.34 5.00
2019-12-31 0.31 6.00
DB:WXF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.320 1.551
2019-02-15 0.320 1.709
2019-01-24 0.320 1.714
2018-10-25 0.280 1.493
2018-04-27 0.280 1.305
2018-04-26 0.280 1.176
2018-02-15 0.280 1.148
2018-01-25 0.280 1.104
2017-10-26 0.240 0.979
2017-07-28 0.240 0.958
2017-05-03 0.240 0.921
2017-04-25 0.240 0.851
2016-11-02 0.240 0.862
2016-10-27 0.240 0.983

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Hilltop Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hilltop Holdings only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Hilltop Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hilltop Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hilltop Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hilltop Holdings has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hilltop Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeremy Ford
COMPENSATION $3,022,479
AGE 44
TENURE AS CEO 0.3 years
CEO Bio

Mr. Jeremy Blue Ford has been Chairman of the Board at First Acceptance Corporation since November 2011. Areas of Responsibility: - Oversees all holding company functional areas including finance, legal, risk, compliance, internal audit, marketing, information technology, information security, human resources, and corporate development - Oversees operations of Hilltop’s wholly owned subsidiaries: PlainsCapital Bank, PrimeLending, HilltopSecurities, and National Lloyds Corporation - Provides strategic direction, including corporate initiatives and acquisitions - Serves as Chairman of PlainsCapital Bank - Serves as a Director for Hilltop Holdings Profile: - More than 22 years of experience in the financial services industry - Active in all mergers and acquisitions for Hilltop including The Bank of River Oaks in 2018, SWS Group, Inc., in 2015, First National Bank of Edinburg in 2013, and PlainsCapital Corporation in 2012 Education: - BBA in Finance, University of Texas - MBA in Finance, Columbia Business School Current Affiliations: - First Acceptance Corporation Chairman - University of Texas at Austin Development Board Member - University of Texas at Austin Longhorn Foundation Member - Constantine Foundation Member Past Affiliations Children’s Medical Center of Dallas Board Member

CEO Compensation
  • Jeremy's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Jeremy's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hilltop Holdings management team in years:

2.8
Average Tenure
47
Average Age
  • The tenure for the Hilltop Holdings management team is about average.
Management Team

Jeremy Ford

TITLE
President
COMPENSATION
$3M
AGE
44
TENURE
0.3 yrs

Will Furr

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
41
TENURE
2.8 yrs

Todd Salmans

TITLE
Chief Executive Officer of Primelending
COMPENSATION
$2M
AGE
70
TENURE
8.5 yrs

Jerry Schaffner

TITLE
President & CEO of Plainscapital Bank
COMPENSATION
$1M
AGE
61
TENURE
8.7 yrs

Mark Plunkett

TITLE
Executive VP
TENURE
1.3 yrs

Keith Bornemann

TITLE
Executive VP
AGE
47
TENURE
1.7 yrs

Toby Pennycuff

TITLE
Chief Information Officer
TENURE
2.2 yrs

Darren Parmenter

TITLE
COMPENSATION
$802K
AGE
56
TENURE
2.8 yrs

Erik Yohe

TITLE
Senior Vice President of Corporate Development

Corey Prestidge

TITLE
Executive VP
COMPENSATION
$550K
AGE
45
TENURE
11.5 yrs
Board of Directors Tenure

Average tenure and age of the Hilltop Holdings board of directors in years:

11.3
Average Tenure
72.5
Average Age
  • The average tenure for the Hilltop Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jerry Ford

TITLE
Chairman of the Board
COMPENSATION
$960K
AGE
75
TENURE
11.9 yrs

Jeremy Ford

TITLE
President
COMPENSATION
$3M
AGE
44
TENURE
9.3 yrs

Hill Feinberg

TITLE
Chairman of Hilltop Securities Inc & Director
COMPENSATION
$2M
AGE
72

Charles Cummings

TITLE
Director
COMPENSATION
$123K
AGE
82
TENURE
13.8 yrs

Rhodes Bobbitt

TITLE
Director
COMPENSATION
$88K
AGE
73
TENURE
13.7 yrs

W. Nichols

TITLE
Director
COMPENSATION
$68K
AGE
74
TENURE
11.3 yrs

Arthur Sherman

TITLE
Director
COMPENSATION
$68K
AGE
53
TENURE
6.7 yrs

Tracy Bolt

TITLE
Director
COMPENSATION
$111K
AGE
55
TENURE
6.7 yrs

Bill Hill

TITLE
Director
COMPENSATION
$63K
AGE
76
TENURE
11.3 yrs

Charlotte Anderson

TITLE
Director
COMPENSATION
$58K
AGE
53
TENURE
6.7 yrs
Who owns this company?
Recent Insider Trading
  • Hilltop Holdings individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Jun 19 Sell Hillel Feinberg Individual 03. Jun 19 03. Jun 19 -40,000 €18.08 €-723,153
01. Mar 19 Sell Alan White Individual 26. Feb 19 28. Feb 19 -69,029 €17.03 €-1,173,544
13. Nov 18 Sell Hillel Feinberg Individual 09. Nov 18 13. Nov 18 -51,000 €17.71 €-897,903
31. Aug 18 Sell Keith Bornemann Individual 30. Aug 18 30. Aug 18 -1,500 €17.75 €-26,631
X
Management checks
We assess Hilltop Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hilltop Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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. This segment also provides treasury management, check cards, safe deposit boxes, online banking, bill pay, overdraft, and automated teller machine services; and estate planning, management and administration, investment portfolio management, employee benefit accounts, and individual retirement accounts. The Broker-Dealer segment advises on public finance; trades in and underwrites U.S. government and government agency bonds, corporate and municipal bonds, and structured products, as well as mortgage-backed, asset-backed, and commercial mortgage-backed securities; trades in equities and options; and provides asset and liability management advisory, structured asset and liability, commodity hedging advisory, equity trading, retail brokerage, clearing, and securities lending services. The Mortgage Origination segment offers mortgage, jumbo, Federal Housing Administration, Veterans Affairs, and United States Department of Agriculture loans. The Insurance segment provides personal product line comprising homeowners, dwelling fire, manufactured home, and flood policies. The company operates in Texas, California, Florida, Ohio, Arizona, South Carolina, Washington, Missouri, North Carolina, Maryland, and other states in the United States. Hilltop Holdings Inc. was founded in 1998 and is headquartered in Dallas, Texas.

Details
Name: Hilltop Holdings Inc.
WXF
Exchange: DB
Founded: 1998
$1,790,709,045
93,983,247
Website: http://www.hilltop-holdings.com
Address: Hilltop Holdings Inc.
2323 Victory Avenue,
Suite 1400,
Dallas,
Texas, 75219,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HTH Common Stock New York Stock Exchange US USD 12. Feb 2004
DB WXF Common Stock Deutsche Boerse AG DE EUR 12. Feb 2004
Number of employees
Current staff
Staff numbers
5,200
Hilltop Holdings employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 21:00
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/09
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.