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HTH

Hilltop Holdings NYSE:HTH Stock Report

Last Price

US$24.56

Market Cap

US$1.6b

7D

-4.0%

1Y

-24.8%

Updated

29 Sep, 2022

Data

Company Financials +
HTH fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

HTH Stock Overview

Hilltop Holdings Inc. provides business and consumer banking, and financial products and services.

Hilltop Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hilltop Holdings
Historical stock prices
Current Share PriceUS$24.56
52 Week HighUS$38.47
52 Week LowUS$24.18
Beta1.11
1 Month Change-7.84%
3 Month Change-10.20%
1 Year Change-24.82%
3 Year Change4.69%
5 Year Change-5.90%
Change since IPO29.26%

Recent News & Updates

Aug 10

Hilltop goes ex dividend tomorrow

Hilltop (NYSE:HTH) has declared $0.15/share quarterly dividend, in line with previous. Payable Aug. 26; for shareholders of record Aug. 12; ex-div Aug. 11. See HTH Dividend Scorecard, Yield Chart, & Dividend Growth.

Jul 21

Hilltop GAAP EPS of $0.45 beats by $0.11, revenue of $351.33M beats by $19.45M

Hilltop press release (NYSE:HTH): Q2 GAAP EPS of $0.45 beats by $0.11. Revenue of $351.33M (-21.5% Y/Y) beats by $19.45M. Hilltop’s consolidated annualized return on average assets and return on average equity for the second quarter of 2022 were 0.80% and 5.82%, respectively, compared to 2.29% and 16.42%, respectively, for the second quarter of 2021. Hilltop maintained strong capital levels with a Tier 1 Leverage Ratio of 10.53% and a Common Equity Tier 1 Capital Ratio of 17.24% at June 30, 2022.

Shareholder Returns

HTHUS BanksUS Market
7D-4.0%-4.5%-2.0%
1Y-24.8%-23.8%-20.3%

Return vs Industry: HTH underperformed the US Banks industry which returned -23.8% over the past year.

Return vs Market: HTH underperformed the US Market which returned -20.3% over the past year.

Price Volatility

Is HTH's price volatile compared to industry and market?
HTH volatility
HTH Average Weekly Movement3.8%
Banks Industry Average Movement3.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: HTH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: HTH's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19984,925Jeremy Fordhttps://www.hilltop-holdings.com

Hilltop Holdings Inc. provides business and consumer banking, and financial products and 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, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

Hilltop Holdings Fundamentals Summary

How do Hilltop Holdings's earnings and revenue compare to its market cap?
HTH fundamental statistics
Market CapUS$1.59b
Earnings (TTM)US$210.60m
Revenue (TTM)US$1.55b

7.5x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HTH income statement (TTM)
RevenueUS$1.55b
Cost of RevenueUS$0
Gross ProfitUS$1.55b
Other ExpensesUS$1.34b
EarningsUS$210.60m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.26
Gross Margin100.00%
Net Profit Margin13.60%
Debt/Equity Ratio101.6%

How did HTH perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

20%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HTH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HTH?

Other financial metrics that can be useful for relative valuation.

HTH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does HTH's PE Ratio compare to its peers?

HTH PE Ratio vs Peers
The above table shows the PE ratio for HTH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.4x
NBTB NBT Bancorp
10.8x1.1%US$1.6b
HOPE Hope Bancorp
6.9x-0.4%US$1.6b
TCBK TriCo Bancshares
14.1x13.5%US$1.5b
NWBI Northwest Bancshares
13.8x5.3%US$1.7b
HTH Hilltop Holdings
7.5x-26.2%US$1.6b

Price-To-Earnings vs Peers: HTH is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (11.4x).


Price to Earnings Ratio vs Industry

How does HTH's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: HTH is good value based on its Price-To-Earnings Ratio (7.5x) compared to the US Banks industry average (9.5x)


Price to Earnings Ratio vs Fair Ratio

What is HTH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HTH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio7.3x

Price-To-Earnings vs Fair Ratio: HTH is expensive based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (7.3x).


Share Price vs Fair Value

What is the Fair Price of HTH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HTH ($24.56) is trading below our estimate of fair value ($69.28)

Significantly Below Fair Value: HTH is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-26.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HTH's earnings are forecast to decline over the next 3 years (-26.2% per year).

Earnings vs Market: HTH's earnings are forecast to decline over the next 3 years (-26.2% per year).

High Growth Earnings: HTH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HTH's revenue is expected to decline over the next 3 years (-6.1% per year).

High Growth Revenue: HTH's revenue is forecast to decline over the next 3 years (-6.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HTH's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Hilltop Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HTH has high quality earnings.

Growing Profit Margin: HTH's current net profit margins (13.6%) are lower than last year (22.3%).


Past Earnings Growth Analysis

Earnings Trend: HTH's earnings have grown significantly by 24.9% per year over the past 5 years.

Accelerating Growth: HTH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HTH had negative earnings growth (-56.5%) over the past year, making it difficult to compare to the Banks industry average (8.7%).


Return on Equity

High ROE: HTH's Return on Equity (10.7%) is considered low.


Discover strong past performing companies

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: HTH's Assets to Equity ratio (8.1x) is low.

Allowance for Bad Loans: HTH has a sufficient allowance for bad loans (267%).

Low Risk Liabilities: 81% of HTH's liabilities are made up of primarily low risk sources of funding.

Loan Level: HTH has an appropriate level of Loans to Assets ratio (47%).

Low Risk Deposits: HTH's Loans to Deposits ratio (66%) is appropriate.

Level of Bad Loans: HTH has an appropriate level of bad loans (0.4%).


Discover healthy companies

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.44%

Current Dividend Yield

Dividend Yield vs Market

Hilltop Holdings Dividend Yield vs Market
How does Hilltop Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Hilltop Holdings)2.4%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Banks)3.4%
Analyst forecast in 3 Years (Hilltop Holdings)2.6%

Notable Dividend: HTH's dividend (2.44%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: HTH's dividend (2.44%) is low compared to the top 25% of dividend payers in the US market (4.61%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, HTH has been paying a dividend for less than 10 years.

Growing Dividend: HTH's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (20%), HTH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Jeremy Ford (47 yo)

12.5yrs

Tenure

US$6,678,697

Compensation

Mr. Jeremy Blue Ford serves as President, Chief Executive Officer and Chairman at PlainsCapital Corporation. He has been Chairman of the Board at First Acceptance Corporation since November 2011. Mr. Ford...


CEO Compensation Analysis

Jeremy Ford's Compensation vs Hilltop Holdings Earnings
How has Jeremy Ford's remuneration changed compared to Hilltop Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$211m

Mar 31 2022n/an/a

US$276m

Dec 31 2021US$7mUS$793k

US$374m

Sep 30 2021n/an/a

US$425m

Jun 30 2021n/an/a

US$485m

Mar 31 2021n/an/a

US$483m

Dec 31 2020US$5mUS$768k

US$409m

Sep 30 2020n/an/a

US$340m

Jun 30 2020n/an/a

US$262m

Mar 31 2020n/an/a

US$224m

Dec 31 2019US$4mUS$750k

US$211m

Sep 30 2019n/an/a

US$196m

Jun 30 2019n/an/a

US$157m

Mar 31 2019n/an/a

US$130m

Dec 31 2018US$3mUS$729k

US$117m

Sep 30 2018n/an/a

US$107m

Jun 30 2018n/an/a

US$101m

Mar 31 2018n/an/a

US$131m

Dec 31 2017US$3mUS$719k

US$133m

Sep 30 2017n/an/a

US$154m

Jun 30 2017n/an/a

US$176m

Mar 31 2017n/an/a

US$145m

Dec 31 2016US$2mUS$700k

US$146m

Sep 30 2016n/an/a

US$131m

Jun 30 2016n/an/a

US$126m

Mar 31 2016n/an/a

US$124m

Dec 31 2015US$2mUS$663k

US$208m

Compensation vs Market: Jeremy's total compensation ($USD6.68M) is about average for companies of similar size in the US market ($USD5.56M).

Compensation vs Earnings: Jeremy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: HTH's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: HTH's board of directors are seasoned and experienced ( 14.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HTH insiders have only sold shares in the past 3 months.


Recent Insider Transactions

NYSE:HTH Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
16 Aug 22SellUS$1,187,500Hillel FeinbergIndividual40,000US$29.69
24 Feb 22SellUS$744,250Martin WingesIndividual25,000US$29.77
06 Dec 21SellUS$353,571Hillel FeinbergIndividual10,000US$35.36
03 Nov 21SellUS$110,820Keith BornemannIndividual3,000US$36.94

Ownership Breakdown

What is the ownership structure of HTH?
Owner TypeNumber of SharesOwnership Percentage
Private Companies9,2190.01%
General Public5,043,5577.8%
Individual Insiders18,565,00928.7%
Institutions40,958,54863.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 77.14% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
24.44%
Gerald Ford
15,784,841$387.7m0.01%no data
13.46%
BlackRock, Inc.
8,695,122$213.6m-7.01%0.01%
8.52%
The Vanguard Group, Inc.
5,498,795$135.1m-16.06%no data
5.81%
Dimensional Fund Advisors LP
3,752,859$92.2m-0.2%0.02%
5.38%
State Street Global Advisors, Inc.
3,476,454$85.4m-2.66%no data
1.65%
Columbia Management Investment Advisers, LLC
1,068,729$26.2m-13.3%0.01%
1.55%
Capital Research and Management Company
1,000,000$24.6m11.11%no data
1.54%
Jeremy Ford
994,106$24.4m0%no data
1.5%
Geode Capital Management, LLC
967,389$23.8m-9.02%no data
1.19%
Northern Trust Global Investments
770,224$18.9m-4.94%no data
1.18%
Fuller & Thaler Asset Management, Inc.
764,425$18.8m-51.23%0.14%
1.09%
Millennium Management LLC
704,273$17.3m111.4%0.02%
1.05%
Norges Bank Investment Management
678,117$16.7m0%no data
0.99%
Hillel Feinberg
641,012$15.7m-5.87%no data
0.99%
BNY Mellon Asset Management
638,026$15.7m-13.96%no data
0.94%
Charles Schwab Investment Management, Inc.
606,006$14.9m-2.66%no data
0.89%
First Trust Advisors LP
572,618$14.1m3.77%0.02%
0.82%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
529,071$13.0m-24.65%no data
0.69%
Hodges Capital Management Inc
445,574$10.9m12.87%1.14%
0.65%
Royce & Associates, LP
420,263$10.3m-22.21%0.1%
0.62%
Hillcrest Asset Management, LLC.
402,832$9.9m0%2.11%
0.57%
Two Sigma Investments, LP
365,678$9.0m249.19%0.03%
0.56%
PanAgora Asset Management, Inc.
360,458$8.9m-0.44%0.06%
0.54%
American Century Investment Management Inc
348,599$8.6m25.92%0.01%
0.51%
Hotchkis and Wiley Capital Management, LLC
329,856$8.1m0%0.03%

Company Information

Hilltop Holdings Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Hilltop Holdings Inc.
  • Ticker: HTH
  • Exchange: NYSE
  • Founded: 1998
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$1.586b
  • Shares outstanding: 64.58m
  • Website: https://www.hilltop-holdings.com

Number of Employees


Location

  • Hilltop Holdings Inc.
  • 6565 Hillcrest Avenue
  • Dallas
  • Texas
  • 75205
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WXFDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2004
HTHNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.