From The Motley Fool · Eric Volkman · · 40s
Hilltop Holdings Stock Drops
Hilltop Holdings stock fell 2.47% after weak quarterly results.
In brief
Hilltop Holdings stock fell 2.47% after weak quarterly results. Hilltop Holdings stock dropped 2.47% following a 46% decline in net income to $24.9 million. Originally reported by The Motley Fool.
Quarterly Results
Hilltop Holdings stock dropped 2.47% after releasing quarterly figures showing revenue under $310 million and net income down 46% to $24.9 million.
Analyst Expectations
Analysts expected Hilltop to earn $320 million and $0.64 per share, but results fell short of consensus estimates.
Dividend and Repurchases
Hilltop maintained a $0.22 per share dividend and spent $20 million on stock repurchases during the quarter.
The main idea
Hilltop Holdings stock dropped 2.47% following a 46% decline in net income to $24.9 million.
