Key Points
- CEO sold: Hilltop CEO Martin Bradley Winges sold 26,000 shares at an average price of $38.46 for a total of $999,960, reducing his stake by 28.31% to 65,831 shares (about $2.53M).
- Dividend increase: The company raised its quarterly dividend to $0.20 (from $0.18), an annualized $0.80 yielding ~2.0%, with an ex-dividend date of Feb 13 and payment on Feb 27.
- Mixed quarterly results: Hilltop reported EPS of $0.69, beating estimates of $0.46, but revenue was $217.4M versus analyst expectations of $300.15M, indicating profit strength amid a notable revenue shortfall.
Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) CEO Martin Bradley Winges sold 26,000 shares of the company's stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $38.46, for a total transaction of $999,960.00. Following the completion of the transaction, the chief executive officer owned 65,831 shares in the company, valued at approximately $2,531,860.26. This trade represents a 28.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Hilltop Price Performance
Shares of Hilltop stock opened at $39.19 on Thursday. Hilltop Holdings Inc. has a 1 year low of $27.35 and a 1 year high of $39.78. The firm has a market cap of $2.40 billion, a PE ratio of 14.79 and a beta of 0.94. The company has a 50 day simple moving average of $35.27 and a two-hundred day simple moving average of $33.76.
Hilltop (NYSE:HTH - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.23. Hilltop had a net margin of 10.19% and a return on equity of 7.47%. The firm had revenue of $217.40 million for the quarter, compared to analysts' expectations of $300.15 million. During the same quarter last year, the company posted $0.55 EPS. As a group, research analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.
Hilltop Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 13th. This is an increase from Hilltop's previous quarterly dividend of $0.18. Hilltop's dividend payout ratio (DPR) is currently 27.17%.
Analyst Ratings Changes
Several analysts have issued reports on the company. Stephens increased their price target on shares of Hilltop from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Monday, October 27th. Keefe, Bruyette & Woods increased their target price on shares of Hilltop from $34.00 to $39.00 and gave the company a "market perform" rating in a report on Tuesday. Zacks Research upgraded shares of Hilltop from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 16th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Hilltop in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Hilltop has an average rating of "Moderate Buy" and an average target price of $37.50.
View Our Latest Analysis on Hilltop
Hedge Funds Weigh In On Hilltop
A number of hedge funds have recently modified their holdings of HTH. Ameriprise Financial Inc. raised its stake in shares of Hilltop by 0.8% during the second quarter. Ameriprise Financial Inc. now owns 870,474 shares of the financial services provider's stock valued at $26,419,000 after acquiring an additional 7,302 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Hilltop by 32.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 796,277 shares of the financial services provider's stock valued at $24,247,000 after purchasing an additional 192,991 shares during the period. Millennium Management LLC raised its position in Hilltop by 3.7% during the 3rd quarter. Millennium Management LLC now owns 762,326 shares of the financial services provider's stock valued at $25,477,000 after purchasing an additional 27,203 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Hilltop by 37.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 711,802 shares of the financial services provider's stock worth $23,788,000 after buying an additional 194,287 shares during the period. Finally, UBS Group AG lifted its holdings in Hilltop by 42.3% in the 3rd quarter. UBS Group AG now owns 647,003 shares of the financial services provider's stock worth $21,623,000 after buying an additional 192,439 shares during the period. Hedge funds and other institutional investors own 57.13% of the company's stock.
About Hilltop
(
Get Free Report)
Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.
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